Chief Auditor, International Wealth, Managing Director

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Job Overview

Citi Internal Audit is a dynamic global function of over 2,500 professionals located across more than 60 countries, covering Citi's global businesses and service to clients and customers through its network in 98 countries. Through a culture of continuous improvement, Citi IA is focused on maintaining its position as a best-in-class IA function and is committed to investing in people, learning and development, innovation, and methodology programs. 

The Internal Audit mission is to provide independent, objective, reliable, valued and timely assurance to the Board, senior management and regulators of Citigroup and Citibank (and its subsidiaries), over the effectiveness of culture, ethical conduct, governance, risk management, and controls that mitigate current and evolving risks and to enhance the control environment. Citi operates in over 100 countries and provides consumers, corporations, governments, and institutions with a broad range of financial services and products. Citi strives to create the best outcomes for clients and customers with financial ingenuity that leads to solutions that are simple, creative, and responsive.

The Chief Auditor, International Wealth (M.D.) is a senior level management position responsible for shaping the strategic direction and managing Citi Internal Audit’s (IA’s) risk-based audit approach for Wealth in coordination with the broader Audit team. The overall objective of this role is to ensure Citi IA is the leading IA function in the financial services industry and to manage IA’s relationships with key stakeholders.

The Chief Auditor for International Wealth will lead and develop an International (non-US) global team and will report to the Chief Auditor for Citibank N.A. (CBNA), North America Region (NAM), US Consumer Cards (USCC), and Wealth. This role is responsible for building and managing relationships with Wealth senior management and regulators in the International Wealth markets. To ensure comprehensive global assurance coverage over key risks for Wealth processes globally, this role will work in partnership with the Chief Auditor for US Wealth. In addition, the role will work closely with product and functional Internal Audit (IA) partners and country heads of audit to ensure sufficiency of assurance coverage in non-US markets.  

Critical thinking and executive presentation skills are critical requirements of the role as themes related to risks and issues across the organization are identified and presented to key stakeholders, such as senior management, the Audit Committee, regulators and external audit functions.  The incumbent requires a wide-ranging, yet detailed knowledge of Wealth processes, as well as a strong understanding of the fundamental risks associated with a large financial institution.  The role will entail considerable coordination and development of resources to meet the plan and will therefore also require strong management and communication skills.

As a member of the Senior Leadership team for IA CBNA, NAM, USCC and Wealth, the incumbent is responsible for providing broad leadership and oversight to the overall team.  In addition, as Chief Auditor, the role is pivotal in developing the overall management and development of Citi’s audit approach, to position Citi IA as the leading IA function in the financial services industry.

Responsibilities:

Audit Plan: Together with the Chief Auditor for US Wealth, accountable for end-to-end audit coverage across Citi’s global Wealth businesses, spanning multiple client segments, products and legal entities; Design and implement an audit plan for the function that considers emerging and established risks, industry best practices and external frameworks; legal entity and country-level regulatory requirements; and an end-to-end view of Wealth risks and controls that cross business functions, geographies and platforms.

Stakeholder Engagement: Proactively engage with senior leadership and teams across Wealth to provide credible challenge and positively influence Citi culture, ethical conduct, governance, risk management and control frameworks. Develop and maintain strong working relationships with teams both within CBNA, NAM, USCC and Wealth, as well as across IA Product and Functions teams globally. Leverage the feedback achieved from this to continually improve the definition and risk assessment of the audit universe as well as identify new and optimized ways of auditing the environment to maximize the insight achieved.

Regulatory Relationship Management: As an integral part of the CBNA, NAM, USCC and Wealth leadership team, contribute significantly to managing IA’s regulatory relationships globally, resulting in constructive two-way dialogue, building trust in the IA function and general reliance being placed on IA’s work related to Wealth; Actively engage with the Regulatory Issue Validation team on the validation of regulatory issues, ensuring timelines are met and regulatory intent is addressed.

IA Team: Attract, motivate and develop a highly effective, diverse, talented and trusted team.  Work with other IA Senior Leadership to maximize the efficiency and effectiveness of IA resources, taking into consideration the experience and location of the team, as well as leveraging different audit approaches and best practice.  Identify and develop talent, providing long-term career opportunities both within IA and across other parts of Citi.  Accountable for driving measurable transformation outcomes by simplifying processes, accelerating automation and empowering teams to deliver impact at scale. Success is measured through sustained results, efficiency gains, and tangible value delivered.

Qualifications:

• 15+ years of experience in a related role with experience in global wealth portfolios.

• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred.

• Extensive and deep understanding of products across Wealth, and the design and operation of risk and controls framework associated with these, that includes substantial internal audit experience.

• Comprehensive understanding of multiple disciplines (Audit, Risk, Compliance), particularly within the US financial services regulatory environment for Wealth product with the ability to integrate this understanding into a cohesive audit strategy.

• Demonstrable product knowledge of Wealth including broad experience of the management of regulatory requirements and associated global regulatory interactions.

• In-depth experience of the US and global regulatory environment, preferably including interaction with the OCC, FRB and MAS.

• Possesses strong executive presence and expertise in building and maintaining strong open relationships with executive stakeholders, working as a trusted advisor, exerting influence, and providing credible challenges in a constructive manner.

• Proven ability to interact and influence senior business and risk management stakeholders within a complex financial institution.

• Stays abreast of emerging trends and technologies in the Wealth industry, translating insights into proactive audit strategies.

• Self-starter, resilient, agile, energetic, self-starter, articulate and empathetic whilst being confident to deliver opinions to bring about necessary outcomes.

• Strong leadership skills evidenced by a track record of identifying and developing world class talent. Experienced in leading large, dispersed and diverse professional teams.

• Demonstrated success in business, functional and people management with a clear focus on driving accountability and performance.

Education:

• Bachelor’s degree/University degree or equivalent experience

• Master’s degree preferred

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Job Family Group:

Internal Audit

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Job Family:

Audit

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Time Type:

Full time

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Most Relevant Skills

Controls Assessment, Data Analysis, Industry Knowledge, Issue Management, Laws and Regulations, Risk Management Lifecycle, Root Cause Analysis.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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