Audit Manager, Model Risk Management

Recruiter
Citi
Location
New York
Salary
Competitive
Posted
Sep 20, 2016
Closes
Sep 24, 2016
Industry
Banking
Employer Type
Direct Employer
Employment Type
Permanent
Hours
Full Time
Job Board
NYCityWorks.com
Job Description:

* Primary Location: United States,New York,New York * Education: Master's Degree * Job Function: Audit * Schedule: Full-time * Shift: Day Job * Employee Status: Regular * Travel Time: Yes, 25 % of the Time * Job ID: Description 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. 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 regulators, globally. Citigroup's Model Risk Governance organization is responsible for the management of model risk across the firm. The Model Risk Management framework provides an independent set of controls over the key risks that are associated with the use of models for the purposes of Citi's key businesses, including the Institutional Clients Group and the Global Consumer businesses. This control framework includes various aspects of model risk management such as model governance, inventory, documentation, validation and use. The Global Model Risk IA team has a mandate to provide a comprehensive program of audit coverage for the firm's model risk management framework and related controls across all lines of business. As a member of this team, the individual will help to design and implement the model risk audit methodology. The individual will also be responsible for the development and delivery of a risk based IA plan that is executed in accordance with the department's policies and procedures. To successfully deliver this plan, the candidate will need to partner with the department's business, product and technology audit teams as well as their respective business leaders. Key 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; applies a broad and comprehensive knowledge of high risk areas including: Consumer or 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. * 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. Analyzes reporting findings; Reco