Audit Director – U.S. Regulatory Reporting Transaction Testing

Audit Director – U.S. Regulatory Reporting Transaction Testing

The Audit Director 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. This role is also responsible for managing a multijurisdictional team of professionals. The overall objective of this role is to direct audit activities that evaluate the accuracy of data reported in certain U.S. Regulatory Reports, in accordance with IA standards, Citi policies, and local regulations.

Responsibilities:

• Development and completion (and ongoing update) of an effective audit strategy and plan (including budgets) that provides thorough, risk based substantive coverage of the data utilized in certain U.S. Regulatory Reports.
• Working closely with Product, Function and Regional Chief Auditors to ensure delivery of a plan of work that provides assurance the accuracy of these reports.
• Interacting with U.S. regulators to provide updates and briefings on audit perspectives of the quality of the data utilized in report production.
• 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.
• Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to specification. 
• Ensures the delivery of audit reports 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.
• Possesses a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Finance, Compliance, and Training) and of different Audit standards, policies and local regulations; applies a broad and comprehensive understanding of high risk areas including Data Quality, Consumer or Investment Banking, corporate functions, technology management; project/program management; or supplier management.
• 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.
• 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 Centre's of Excellence to improve audit processes and coverage.

Qualifications and Competencies

• BA/BS or equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus.  Statistical, Computer Science or Computer Engineering qualifications will be an advantage.
• 15+ years of experience in a related role
• Understanding of industry best practices and regulatory expectations for Data management (e.g. BCBS 239). Knowledge of data quality software including Big Data (e.g. Paxata, Hadoop) will be an advantage.
• Detailed knowledge of substantive testing methodologies designed to assess the material accuracy of key reports, including data tracing and transaction vouching.
• Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment.

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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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