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Audit Manager - Internal Audit – Quality Assurance – Regulatory Issue Validation

Job Req ID 21410868 Primary Location Mumbai, India Job Category Internal Audit
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Job Description Summary

Citi's Internal Audit (IA) division provides independent assessments of the company's governance, risk management and internal control environment for key stakeholders including the Board of Directors, senior management and Citi’s numerous regulators globally. IA is a change agent within Citi to enhance the control culture of Citigroup worldwide and thereby support senior management decision making around the globe.

IA maintains a Quality Assurance (QA) function that reports to the Citi Chief Auditor and the Group Audit Committee.  The QA function provides independent assurance that IA has achieved and is maintaining appropriate standards of internal audit delivery (set against both IA’s own internal standards and the Standards and Code of Ethics of the Institute of Internal Auditors). 

The role involves close liaison with the global audit teams to ensure appropriate understanding, access to and the correct application of the IA methodology. With an overall objective to perform QA RIV audit activities that provide an independent assessment of IA activity specifically related to Citi’s regulatory remediation projects and the OCC/FRB Citi Consent Order.

The role is based in Mumbai, India and will report to the Senior Audit Manager, QA RIV based in Mumbai, India.

Job Description

Key Responsibilities:

  • Operate as a QA partner, supplemented by QA subject matter experts, to provide centralized QA support for key Regulatory Issue Validation projects across the Internal Audit (IA) teams.
  • Provide assurance over the quality of IA’s work via formal QA products including reviews of Issue Validation strategies and work papers.
  • Perform QA’s check and challenge of IA’s validation work; identify thematic areas for improvement; assess regulatory validation methodology end-to-end, from receipt of exam letter to final IA validation.
  • Assist the SVP and QADs in the delivery of regulatory validation methodology training to auditors (and stakeholders, as needed), including tailored training if required.
  • Assist the SVP and QADs in supporting IA teams in regulatory matters, including review of responses to regulators and presenting directly to regulators as required.
  • Support the SVP and QADs in fostering a strong QA partnership with the IA teams.
  • Provide day-to-day support and guidance to the assigned audit teams on methodology-related matters by leveraging experiencing and using professional judgement.
  • Assist with periodic ad-hoc projects (e.g., research and development of QA specific training).
  • Be a change agent in the continuous improvement program to deliver and maintain a best in class QA function, sharing best practices and lessons learned with the IA teams
  • Contribute to continued improvement in IA methodology and coverage through the delivery of QA products.
  • Assist in the review and improvement of global IA methodology and practices, including innovation initiatives.
  • Assist the SVP and QADs in reviewing key internal QA deliverables and external deliverables.
  • Ability to manage multiple competing priorities and meet strict deadlines, both internal and external (e.g., regulators).
  • Willingness to assist other QADs on an ad-hoc basis to ensure consistent utilization.

Qualifications:

  • 7+ years of experience in a related role
  • Internal Audit experience
  • Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred
  • Consistently demonstrates clear and concise written and verbal communication
  • Demonstrated ability to remain unbiased in a diverse working environment
  • Effective negotiation skills

Education:

Bachelor’s degree/University degree or equivalent experience

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Job Family Group:

Internal Audit

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Job Family:

Audit

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Time Type:

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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