Audit Director – U.S. Regulatory Reporting Transaction Testing, Citi

Citi

Location:
India, Mumbai

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

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 a team of ~20 professionals. The overall objective of this role is to direct audit activities that evaluate the accuracy of data reported in certain U.S. Regulatory Reports, in accordance with IA standards, Citi policies, and local regulations.

Job Responsibility:

Development and completion (and ongoing update) of an effective audit strategy and plan (including budgets) that provides thorough, risk based substantive coverage of the data utilized in certain U.S. Regulatory Reports
Working closely with Product and Function Chief Auditors to ensure delivery of a plan of work that provides assurance for the accuracy of these reports
Interacting with U.S. regulators to provide updates and briefings on audit perspectives of the quality of the data utilized in report production
Contributes to strategic direction of Citi’s Internal Audit (IA) function in the establishment of reporting methodologies, organizational design and effective positioning of the function to ensure provision of independent assurance
Uses excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product or, function, executive management partners and external audiences including regulators and external auditors
Responsible for the delivery of a high quality, value-added regulatory-required audits on time and to specification
Ensures the delivery of an audit reports that is 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
Possesses a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Finance, Compliance, and Training) and of different Audit standards, policies and local regulations
Delivers cost effective and efficient management of audit teams and audit engagements
Ensures IA meets/exceeds the requirements and expectations of Citibank’s and Citigroup's regulators
Works closely and collegially within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance
Collaborates across businesses and functions to improve the identification, quantification, measurement, management, reporting and controls in governance, risk management and internal control environments
Fully supports and endorses the Quality Assurance function of Internal Audit and promptly accepts and remediates deficiencies found by QA
Ensures the adoption of the appropriate portions of the Citigroup and Citibank Audit Committee Charters and the Internal Audit Charter for applicable legal entities
Proactively advances integrated auditing concepts

Requirements:

BA/BS or equivalent
Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus
Statistical, Computer Science or Computer Engineering qualifications will be an advantage
15+ years of experience in a related role
Understanding of industry best practices and regulatory expectations for Data management (e.g. BCBS 239)
Knowledge of data quality software including Big Data (e.g. Paxata, Hadoop) will be an advantage
Detailed knowledge of substantive testing methodologies designed to assess the material accuracy of key reports, including data tracing and transaction vouching
Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment

Nice to have:

Related certifications (CPA, ACA, CFA, CIA, CISA or similar)
Statistical, Computer Science or Computer Engineering qualifications
Knowledge of data quality software including Big Data (e.g. Paxata, Hadoop)

Additional Information:

Job Posted:
May 03, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Audit Director – U.S. Regulatory Reporting Transaction Testing