Audit Director - Icaap And Ilaap

The Audit Director is a senior level management position responsible for contributing to the strategic direction of Citi’s Internal Audit (IA) function, in coordination with the Audit team. This role is also responsible for managing multiple teams of professionals. The overall objective of this role is to direct audit activities that support a subset of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, Citi policies, and local regulations.

This role is part of the International Finance Internal Audit Organisation, reporting into the International Finance Chief Auditor. The Audit Director will be responsible for leading a team of auditors including four direct reports internationally. The ICAAP audit team is a newly created team within the global Internal Audit Finance organisation, and it manages and delivers a portfolio of audits primarily focusing on assurance over controls relating to Internal Capital Adequacy Assessment Process (ICAAP) in various Citi legal entities around the world.
Responsibilities:

• Deliver multiple current audits to specification, and ensure the delivery of audit reports are complete, insightful, timely, error free and concise

• Contribute to the delivery of reports outlining IA’s contributions, and oversee audit’s coverage and reporting on common high risk areas

• Provide independent assurance on the design and operating effectiveness of an area, at a global or regional level

• Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to specification

• Have a sound and in depth understanding of liquidity and funding risk and related regulatory regimes in the US, UK and EU

• Is able to demonstrate detailed knowledge of liquidity stress testing and its effective implementation across the Firm and its uses

• 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

• Ensure timely delivery of comprehensive regulatory and internal audit issue validation, including issues arising from other external parties

• Actively supports and drives the Internal Audit Transformation Program and IA’s and management’s efforts for Citi to have a “Strong” internal audit function and for Citi to have “Strong” control functions

• Maintains an understanding of key relevant regulations, current business practices and industry trends

• Ensure IA meets/exceeds expectations, and support and drive the IA Transformation Program and IA’s and management’s efforts

• Improve the identification, measurement, management, reporting and controls in governance, risk and control environments

• Support and endorse the Quality Assurance (QA) function of IA, and resolve issues found by QA, improving audit processes and coverage

• Ensure the adoption of Citigroup and Citibank Audit Committee Charters and the IA Charter, and engage in internal/external negotiations

• Oversee various tasks to build the audit team, including recruiting staff, developing and training the team, and managing the budget

• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards

Qualifications:

• Suitable experience in a related role ideally from within an Internal Audit or closely-related function

• Possesses, through direct hands-on experience, a strong understanding of ICAAP / ILAAP

• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred

• Demonstrated success in business, functional and people management

• Consistently demonstrates clear and concise written and verbal communication

• Demonstrated ability to remain unbiased in a diverse working environment

• Effective negotiation skills

Education:

• Bachelor’s degree/University degree or equivalent experience

• Master’s degree preferred

#LI-JD1

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Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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