Chief Auditor - Equities, Prime Finance, Securities Services and Broker Dealer Legal Entity Coverage

Recruiter
Citi
Location
London, United Kingdom
Salary
Competitive
Posted
28 Sep 2019
Closes
11 Oct 2019
Ref
6590106
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The Chief Auditor is a senior level management position responsible for managing Citi Internal Audit's (IA's) risk based audit approach, in coordination with the 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.

Responsibilities:
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 ICG provides world-class financial products and solutions across a broad range of asset classes through its underwriting, sales and trading, distribution and research capabilities. Citi ICG's platform is organized around four major geographic areas: Asia, Europe/Middle East/Africa, Latin America, and North America and has offices in nearly every major city around the globe.
This role will provide the Citi Markets organization with strategic direction in the establishment of risk auditing and reporting methodologies, organization design, and effective positioning to ensure the provision of independent assurance which is consistent and aligned with Citi business objectives. This position is a Managing Director (C16) level role based in New York or London, managing a global team located in Latin America, North America, EMEA and APAC. The role reports to the Chief Auditor for ICG.
The Chief Auditor is responsible for the ongoing assessment of the Equities, Prime Finance, and Securities Services businesses' risk and control environment through rigorous evaluation of financial, operational and administrative controls and risk management practices, as well as adherence to laws, regulations and Citi policies. Additionally, the Chief Auditor will ensure appropriate audit coverage of the significant broker dealer legal entities and be responsible for the associated reporting and stakeholder and regulatory management. The Chief Auditor will ensure world-class coverage by attracting talent with the requisite expertise to meet the risk profile of the businesses.
Key Responsibilities:
  • Develop end-to-end global audit approach for all aspects of the Markets businesses named above.
  • Ensure appropriate audit coverage of the significant broker dealer legal entities with responsibility for governance reporting and managing relationships with key business stakeholders and regulators.
  • Support Internal Audit's contributions to the Board of Directors and Operating Committees.
  • Manage Internal Audit's working relationship with executive management and all direct reports.
  • Collaborate across the Markets businesses in order to improve the identification, quantification/measurement, management, reporting and control of business best practice.
  • Provide strategic direction in the establishment of risk-focused reviews and reporting methodologies, which are consistent and aligned with business objectives.
  • Act as thought leader in all aspects of auditing and risk assessment and proactively provide advice and opinions.
  • Develop significant senior line management relationships. Report to senior management on issues, trends and causes.
  • Proactively advise businesses on change initiatives in a review capacity or as a project participant
  • Partner with other Control functions (e.g. Risk, Compliance, etc.) to ensure that Citi's control resources are focused and not duplicative.
  • Maintain ongoing assessment of key risks across businesses and products, providing Business, Chief Auditor and Internal Audit Senior Managers with emerging trends/issues.
  • Ensure appropriate controls are in place to support assessment of franchise and reputation risk, including strong communication and decision-making processes.
  • Ensure Internal Audit meets and exceeds the requirements and expectations of Citi's regulators with regards to the auditing of Citi ICG and drive a focus on outcomes in our audit work and business solutions.
Qualifications:
  • Specific global subject matter expertise regarding capital markets services, broker dealers, and all supporting operating units.
  • Highly experienced in understanding, dimensioning and mitigating operational impact of all aspects of an operating business across an organization.
  • Expert understanding of operational risk management, best practices and control initiatives across the financial services industry, as well as across Citi.
  • Proficient in auditing and validating models, including the requirements of key regulators, globally.
  • Expert in understanding and developing risk metrics and reporting.
  • Expert understanding of Decision Making and Approval on: key issues, policy matters, or time sensitive decisions.
  • Expert understanding of best practice fundamentals specific to Capital Markets, Broker Dealers and all associated operational units.
  • Proficient knowledge of liability issues, the use of different legal vehicles, standard documentation, and other legal risks.
  • Proficient understanding of what client sector information and fact patterns are leading indicators for changes in overall risk to a business.
  • Appreciation of the differences in business management, operation management and regulatory requirements in various major financial centers and principal locations in which Citi manages its businesses.
  • Candidates should have significant diversified financial management experience, ideally including experience in audit or a related field. Business expertise should include Capital Markets products, broker dealers, and related operations, as well as risk management. Related certifications (CPA, CFA, CIA) are a plus. Citi is committed to career development, so candidates should have the intellectual curiosity to continue to learn and grow within Citi.
  • Candidates must have effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. Strong presentation and relationship management skills are essential. This individual must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style. Candidates must have effective persuasion skills, the ability to work effectively at the highest levels of the organization, and will display highly effective networking and influencing skills. This person will be comfortable acting as an agent for positive change with agility and flexibility.
  • This individual will have proven Capital Markets and broker dealer experience influencing geographically dispersed teams of world-class professionals. Their experience will have been in highly respected diversified institutions with complex and diverse products and customers. He/she will have shown solid career progression within these well respected institutions and proven experience in a role with enterprise wide scope.
  • This individual will be a member of the executive leadership team for Internal Audit ICG. This person will also interface with Citi Markets leaders as Citi will be driving leading edge practices. He/she will have executive presence and a reputation for building strong relationships with stakeholders and leading teams, both direct reports and in peer/influence models. Effectiveness in working within a large scale and complex matrix organization is essential.
  • 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 organizational succes.
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred
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Grade :All Job Level - All Job FunctionsAll Job Level - All Job Functions - US ------------------------------------------------------
Time Type :Full time ------------------------------------------------------
Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. 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 CLICK HERE .
To view the "EEO is the Law" poster CLICK HERE . To view the EEO is the Law Supplement CLICK HERE .
To view the EEO Policy Statement CLICK HERE .
To view the Pay Transparency Posting CLICK HERE .

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