Audit Director - Legal Compliance and Risk – Risk Reporting

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills and experience to Citi’s Internal Audit team.

By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Audit Director – Risk Reporting is a senior level management position responsible for contributing to the strategic direction of Citi’s Internal Audit (IA) function, in coordination with the Audit team

The role is responsible for interacting with the Data Analytics, Reporting, and Technology (DART) function to lead a team of audit professionals through the development and execution of a comprehensive plan of coverage over Risk Reporting including compliance with BCBS239 principles.  The role is responsible for delivering audit assurance over risk reporting activities, including management and regulatory reporting governance, systems, processes, and data. This role coordinates with senior management and works with cross-functional audit teams to provide timely feedback to management and the Board.

What you’ll do

• Development and completion (and ongoing update) of an effective audit strategy and plan (including budgets) that provides thorough, risk-based coverage (including issue validation for regulatory and audit issues) for addressing risk data aggregation and reporting across Citi

• Development and execution of a strategy to coordinate activities with other IA teams such as the IA Data team to provides assurance over accuracy of critical data in key regulatory and management reports

• Working closely with Product, Function and Regional Chief Auditors to ensure delivery of a plan of work that provides assurance over risk management and regulatory reporting across all risk categories and all locations

• Providing regular updates and briefings on audit perspectives of Risk Management Reporting to Senior Management, Board Sub-Committees etc. including an independent opinion on management reporting

• Development and Execution of a strategy to provide assurance over Citi’s BCSBS239 Compliance Framework

• Interacting with regulators across the globe to provide updates and briefings on audit perspectives of BCBS239 compliance and accuracy and completeness of risk data reporting

• Contributes to strategic direction of Citi’s Internal Audit (IA) function in the establishment of risk-based auditing and branch examinations, which include reporting methodologies, organizational design and effective positioning of the function to ensure provision of independent assurance. This is to be consistent and aligned with Citigroup and Citibank business objectives

• Uses excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, or regional executive management partners and external audiences including regulators and external auditors. Frequently engages in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole

• Directs audit activities supporting a subset of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, Citi policies, and local regulations.  Responsible for providing valued and timely independent assurance on the design and operating effectiveness of a subset of a product, function, or legal entity at a global or regional level

• Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to specification

• Ensures the delivery of audit reports and (where appropriate) branch examinations, that are complete, insightful, timely, error free and concise

• Ensures timely delivery of high-quality comprehensive regulatory and internal audit issue validation, and where determined appropriate issue validation on other remediation actions, including issues arising from the external auditors, consultants and other parties

• Contributes towards the delivery of high impact reports of IA's contributions to executive management, regulators, and Citigroup and Citibank boards' sub-committees, developing trend analyses and thematic reporting

• Manages multiple teams of professionals.  Recruits staff, develops talent, builds effective teams, and manages a budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plans

• Delivers learning and development programs and is a recognized leader in training and developing others

• Develops approaches to promote knowledge sharing and promulgate management best practices across Internal Audit and both Citibank and Citigroup

• Delivers cost effective and efficient management of audit teams and audit engagements

• Ensures IA meets/exceeds the requirements and expectations of Citibank’s and Citigroup's regulators

• Works closely and collegially within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance

• Collaborates across businesses and functions to improve the identification, quantification, measurement, management, reporting and controls in governance, risk management and internal control environments

• Actively supports IA’s and management’s efforts for Citi to have a “Strong” internal audit function and for Citi to have “Strong” control functions

• Fully supports and endorses the Quality Assurance function of Internal Audit and promptly accepts and remediates deficiencies found by QA

• Ensures the adoption of the appropriate portions of the Citigroup and Citibank Audit Committee Charters and the Internal Audit Charter for applicable legal entities

• Proactively advances integrated auditing concepts. Leverages Internal Audit's Centres of Excellence to improve audit processes and coverage

What we’ll need from you

• A suitable level of Internal Audit experience with an understanding of industry best practices and regulatory expectations for Risk Data Aggregation and Reporting (e.g. BCBS 239, OCC Heightened Standards). Knowledge of Risk Management and required management reporting is essential

• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus

• Advanced level experience in a related role with extensive experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high-quality deliverables according to strict timetables

• Strong understanding of Regulatory and Management Reporting concepts and ability to effectively communicate risks to senior executives

• Specific subject matter expertise regarding Regulatory and Management Reporting control disciplines

• Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment

• A self-aware, self-confident individual who has well developed listening skills, and a strong ability to engage a group of accomplished business unit heads by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function

• Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.  This individual must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style

• Strong interpersonal skills for interfacing with all levels of internal and external audit and senior management

• Strong leadership skills with a proven track record in managing teams and making a positive impact on the organization

What we can offer you

This is a fantastic opportunity to gain exposure to many parts of the business and to use your technical skills in a different way.

This is a role that will offer you the opportunity to build and develop an in-depth knowledge within Internal Audit and drive your career forward.  

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-JD1

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