This role directs the timely delivery of complex,high quality, value added assurance and audit reports for a portfolio of business activities, which meet the requirements of the Boards of Citigroup and Citibank, their affiliates, and of Citi’s respective key regulators, globally.
The position is for a C15 Audit Director, reporting to the C16 Chief Auditor – ICG Governance and Conduct. The C15 Audit Director will lead the strategy definition for the team, creating and delivering on the team’s value proposition, recruiting, retaining and developing high quality talent to support the team and providing oversight to the scoping and execution of the overall audit process.
The Financial Crisis has led to an unprecedented level of
regulatory reform. Much of the
legislation and subsequent rule making will have a significant impact on Citi’s
global businesses and frequently specifically mandates Internal Audit coverage.
This position will provide oversight to
the team within Citi IA – ICG responsible for developing and delivering the
strategy for providing assurance over key and significant pieces of Markets
related regulatory reform including but not limited to Volcker Rule, Dodd Frank
– Swap Dealer Rules, EMIR, etc.
Key Responsibilities
Develop and execute the
strategic direction of Citi’s Internal Audit (IA) function in the establishment
of Markets Regulatory Reform related risk based auditing within ICG which
includes 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.
Use 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 related to global regulatory reform, 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 sub set 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 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, Compliance,
and Training) and of different Audit standards, policies and local regulations;
applies a broad and comprehensive understanding of high risk areas including
Consumer or Investment Banking, corporate functions, technology management;
project/program management; or supplier management.
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.
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.
Develops and executes
a robust Audit Plan, by reviewable entity, for assigned businesses in
accordance with Internal Audit standards, relevant government statutes and
regulations and Citigroup and Citibank policies.
Delivers on time high
quality audit reports, Internal Audit and Regulatory issue validation and
(where appropriate, branch examinations, as well as business monitoring and
governance committee reporting.
Directs complex audit
activities for a component of a product line, function, or legal entity at the
regional or country level including a portion of the audit annual plan.
Applies comprehensive
expertise in one or more of the corporation's businesses and leverages this
knowledge into a leadership role in one or more teams.
Proactively advances
integrated auditing concepts and use of technology. Closely follows latest trends in own field
and adapts them for application within own job and the business
Manages a complex and
critical unit within Internal Audit, including a medium sized team of Internal
Audit professionals. Recruits staff, develops talent, builds effective teams,
and manages a budget. Possesses a broad and comprehensive understanding of
different Internal Audit standards, policies and local regulations; applies a
broad and comprehensive knowledge of high risk areas including: Investment
Banking, technology management; project/program management; regulatory
compliance or supplier management.
Leads the professional
development of Internal Audit staff.
Develops effective
senior line management relationships and has a strong understanding of the
businesses.
Applies an in-depth
understanding of the inter-relationships of business and support units
throughout the corporation and how they impact the overall control environment
and the audit approach.
Demonstrates strong
judgment, political astuteness, and sensitivity to cultural diversity.
Possesses strong
project management and interpersonal skills, makes sound decisions, exhibiting
initiative and intuitive thinking. Consulted often by others for advice and
opinions and recognized as a leadership role model.
Participates in major
business initiatives and pro-actively advises and assists the business on
change initiatives.
Frequently involved in
matters that require complex judgments and solutions based on sophisticated
analytical thought such as identifying solutions for a variety of complex and
novel audit control issues
Analyzes reporting
findings; Recommends appropriate interventions where needed. Proposes creative
and pragmatic solutions for risk and control problems. Partners with Directors
and Managing Directors to develop approaches for addressing broader corporate
emerging issues.
Qualifications
BA/BS or equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or
similar) are a plus.
Senior level experience in an audit related role with experience in
business, functional and people management, with proven abilities in taking
responsibility for executing concurrently on a portfolio of high quality
deliverables to stakeholders according to strict timetables.
Specific subject matter expertise
regarding understanding of Markets products.
Demonstrates 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 management.
Strong leadership skills with a
proven track record in managing teams and making a positive impact on the
organization.
Primary Location: United States,New York,New York
Education: Bachelor's Degree
Job Function: Audit
Travel Time: Yes, 25 % of the Time
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