Excited to grow your career?

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.

Our people make all the difference in our success.

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 over 100 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.

Team/Role Overview

This role directs the timely delivery of 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 regulators, globally.

Specifically, the primary role will be to provide audit assurance of compliance with European and German regulatory requirements pertaining to Citigroup Global Markets Europe AG (CGME) as an ECB-licensed CRR credit institution/broker-dealer, particularly those relating to Markets as well as to corporate policies and procedures.

Close co-ordination with Internal Audit teams across Citi in accordance with a matrix responsibility and execution model is also required as is mandatory adherence to all Internal Audit policies and procedures.

Responsibilities:

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.
Manages 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 in-depth level of 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.
Manages a complex and critical unit within Internal Audit, including a small to 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; ap-plies a broad and comprehensive knowledge of high-risk areas including those for Markets.
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.
Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners. May negotiate internally often at higher levels on matters which will have a major impact on the area managed.
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. Analyses 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.
Serves as lead reviewer for all types of reviews.
Prepares, reviews, and approves Business Monitoring Quarterly Summaries.
Understand the significant conduct risks specific to their product or function and individual role at CGME and comply with the roles and responsibilities defined by Citi’s policies and subordinate policy documents on conduct risk management.

Experience & Qualifications:

Good understanding of operational risk management and control best practice across the financial services industry together with extensive knowledge of MaRisk, and a high degree of familiarity with financial sector regulation more generally. Good level of knowledge of liability issues, the use of different legal vehicles, standard documentation, and other legal risks.
Good knowledge in understanding and developing risk metrics and reporting.
Recognized professional qualification (CA, CPA, CFA, CIA)
University Degree in finance/economics as well as financial services experience, including experience in audit if possible.
Proficient understanding of what client sector information and fact patterns are leading indicators for changes in overall risk to a business.
Expert understanding of decision making and approval for key issues and time sensitive decisions.
Well-developed interpersonal and presentation skills; the candidate will have to interface with local managers and executives.
Ability to develop strong relationships with stakeholders and to lead in peer/influence models
Proven experience in leading transformational change and in influencing geographically dispersed teams. Experience gained in highly respected diversified institutions with complex and diverse products and customers.
Effective negotiation skills, a proactive and 'no surprises' approach in communicating audit results and strength in sustaining independent views. Strong presentation and relationship management skills are essential.
Articulate and effective communicator in English and German, both orally and in writing, with an energetic, charismatic and approachable style.
Effective persuasion skills, the ability to work effectively at a variety of levels in the organization, display highly effective networking and influencing skills and needs to be comfortable acting as an agent for positive change with agility and flexibility.

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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

Control Monitoring, Data Analysis, Industry Knowledge, Issue Management, Laws and Regulations, Professional Standards, Risk Management, 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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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.

Audit Manager (Vice President)