Chief Auditor, Global Market Risk Management - Internal Audit

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 * Other Location: United Kingdom,England,London * Education: Bachelor's Degree * Job Function: Audit * Schedule: Full-time * Shift: Day Job * Employee Status: Regular * Travel Time: Yes, 10 % of the Time * Job ID: Description Internal Audit is a global organization of over 1500 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. Risk Management partners with the business to actively manage market, credit, operational and franchise risk in a manner consistent with Citi's risk appetite, which is ultimately determined by the Citigroup Operating Committee and reviewed by the Citigroup Board of Directors. The Independent Risk Management organization establishes the policies and guidelines for risk assessment and Risk Management, and ensures the appropriate controls and tools are in place to manage, measure and actively mitigate risks taken by the firm. 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. This role will have responsibility for the audit coverage of the Global Market Risk Management Organization, working in close co-ordination with Internal Audit teams in accordance with the matrix responsibility and execution model and leverage the product/functional expertise of the global audit team. 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, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, or regional executive management partners and external audiences including regulators and external auditors. Frequently engages in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole. • Directs audit activities supporting a sub set of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, Citi policies, and local regulations. Responsible for providing valued and timely independent assurance on the design and operating effectiveness of a sub set of a product, function, or legal entity at a global or regional level. • Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to specification. • Ensures the delivery of audit reports and (where appropriate) branch examinations, that are complete, insightful, timely, error free and concise. • Ensures timely delivery of high-quality comprehensive regulatory and internal audit issue validation, and where determined appropriate issue validation on other remediation actions, including issues arising from the external auditors, consultants and other parties. • Contributes towards the delivery of high impact reports of IA's contributions to executive management, regulators, and Citigroup and Citibank boards' sub-committees, developing trend analyses and thematic reporting. • Manages multiple teams of professionals. Recruits staff, develops talent, builds effective teams, and manages a budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plans. • Possesses a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Compliance, and Training) and of different Audit standards, policies and local regulations; applies a broad and comprehensive understanding of high risk areas including Consumer or Investment Banking, corporate functions, technology management; project/program management; or supplier management. • Deliver