Audit Manager - Market Ops

Belfast, United Kingdom
18 Feb 2019
20 Feb 2019
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
  • Primary Location: United Kingdom,Northern Ireland,Belfast
  • Education: None
  • Job Function: Audit
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 25 % of the Time
  • Job ID: 18061824


Function background/context:

Internal Audit is a global organization of over 1000 professionals covering Citi's global businesses and service to clients and customers in over 180 countries. Citi's Internal Audit 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. Internal Audit is a change agent within Citi aimed to enhance the control culture of Citigroup worldwide and thereby support senior management decision making around the globe.

Job Purpose:

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.
Citi's Institutional Clients Group builds enduring relationships with clients by providing a full suite of strategic advisory and financing products to multinational and local corporations, financial and public sector institutions, governments, privately held businesses, and many of the world's most successful and influential individuals and families in more than 160 countries and jurisdictions. ICG Operations is a key support and control partner to the businesses within ICG that include Markets, Securities Services, Treasury and Trade Solutions, providing operational support to a number of sites primarily in the U.K. but also in EMEA and globally. 
The EMEA ICG Markets Operations audit team is a seven-member team led by a Senior Audit Manager responsible for coverage of both EMEA ICG Markets operations and cross product utility functions.

Key Responsibilities:
  • Delivers on time high quality audit reports, Internal Audit and Regulatory issue validation as well as risk assessments, business monitoring and governance committee reporting;
  • Manages audit activities for ICG Markets Operations at the regional or country level;
  • Applies in-depth level of expertise in one or more of the corporation's businesses and leverages this knowledge into a leadership role;
  • Proactively monitors industry developments, new laws, rules and products, and considers implications for the business and audit universe / plan;
  • Proactively advances integrated auditing concepts and use of technology; 
  • Possesses a broad and comprehensive understanding of different Internal Audit standards, policies and local regulations; applies a broad and comprehensive knowledge of relevant high risk areas;
  • Develops effective senior line management relationships, establishing a culture of engagement while adding value;
  • Build and sustain effective contacts and relationships with colleagues through effective teamwork, developing a strong understanding of the business and innovative thinking; 
  • Uses excellent communication skills (both written and oral) in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners;
  • Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views;
  • Demonstrates strong judgment and political astuteness, also sensitivity to cultural diversity; 
  • Possesses strong project management, organizational and interpersonal skills, makes sound decisions, exhibiting initiative, intuitive thinking and ability to work proactively without close supervision;
  • 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 analysis;
  • Finalize audit findings and uses judgment to provide an overall opinion on and identifying opportunities for improvement on the control environment;
  • Recommends appropriate interventions where needed. Proposes creative and pragmatic solutions for risk and control problems;
  • Serves as lead reviewer for all types of audits covering the ICG businesses in accordance with Internal Audit standards, relevant government statutes and regulations and Citigroup and Citibank policies;
  • Effectively manage audit teams, performing timely review and providing honest and constructive feedback


Qualifications and Competencies
  • Degree equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus;
  • Senior level experience in a 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;
  • Demonstrates experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment;
  • 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;
  • Self-motivated, effective under pressure and willing to take personal responsibility;
  • Strong interpersonal skills for interfacing with all levels of internal and external audit and management;
  • Solid business understanding of operational processes, including settlements, payments, corporate actions, margining, reconciliations and loan processing;
  • Product knowledge of Markets processes is desirable but not essential;
  • Experience in and familiarity with financial regulations, governance requirements and regulatory expectations. An understanding of FCA CASS, MiFID II (including transaction reporting), EMIR and CTFC (Dodd-Frank) requirements will be an advantage;
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.

Citi is an Equal Opportunities Employer