Audit Director, Consumer Credit Risk Management

Recruiter
Citi
Location
New York
Salary
Competitive
Posted
Sep 20, 2016
Closes
Sep 24, 2016
Industry
Accounting
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: Bachelor's Degree * Job Function: Audit * Schedule: Full-time * Shift: Day Job * Employee Status: Regular * Travel Time: Yes, 25 % of the Time * Job ID: Description About Citi: Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop to are widely available to all. Function Background: 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 provides the Internal Audit organization with strategic direction in the establishment of risk-based auditing and reporting methodologies, organization design, and effective positioning of the function to ensure provision of independent assurance which is consistent and aligned with Citigroup and Citibank business objectives, and for a sub set of a product line/function entity ensures the timely delivery of high quality, value added assurance and audit reports which meet the requirements of the Boards of Citigroup and Citibank, their affiliates and of Citi's respective regulators, globally. Citigroup's Consumer Risk Management community helps ensure the balance between risk and reward within our diverse lending businesses around the globe. In line with Citigroup's Risk Management Guiding Principles, Consumer Credit Risk Management achieves this mission by defining and reinforcing a clear risk appetite in each business within a strong global credit policy, driving a uniform risk management framework of oversight, infrastructure, controls, and talent required for a successful lending business, employing a rigorous portfolio performance evaluation methodology, cultivating an organizational-wide risk culture of trust, transparency and accountability, and empowering risk managers to make decisions based on transparent accurate and rigorous analytics and to escalate issues when necessary. As the leader of the Consumer Credit Risk Management Audit team, the individual will be responsible for the development and implementation of a comprehensive program of audit coverage around credit risk management activities across all consumer lines of business. The individual is expected to work in close collaboration with all IA teams in accordance with the matrix responsibility and to leverage the product/functional expertise of the global IA team while providing consumer credit related subject matter expertise to ensure seamless delivery of the IA plan. The candidate is expected to travel. Key Responsibilities: * Contributes to strategic direction of Citi's Internal Audit (IA) function in the establishment of risk based auditing and branch examinations, which include 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. * Uses excellent communication, l