Job Description
The Chief Auditor is a senior level management position responsible for managing Citi Internal Audit's (IA's) risk-based audit approach, in coordination with the Audit team. The overall objective of this role is to ensure Citi IA is the leading IA function in the financial services industry, and to manage IA's relationships with key stakeholders. Citi Internal Audit is a dynamic global function of over 2,500 professionals located across more than 60 countries, covering Citi's global businesses and service to clients and customers through its network in 98 countries. Through a culture of continuous improvement, Citi IA is focused on maintaining its position as a best-in-class IA function and is committed to investing in people, learning and development, innovation, and methodology programs. The Internal Audit mission is to provide independent, objective, reliable, valued and timely assurance to the Board, senior management and regulators of Citigroup and Citibank (and its subsidiaries), over the effectiveness of culture, ethical conduct, governance, risk management, and controls that mitigate current and evolving risks and to enhance the control environment. Citi operates in over 100 countries and provides consumers, corporations, governments, and institutions with a broad range of financial services and products. Citi strives to create the best outcomes for clients and customers with financial ingenuity that leads to solutions that are simple, creative, and responsive. The Chief Auditor for Legal, Compliance & Risk – International will lead and develop a global team of approximately 50 people and will report to the Chief Auditor for Legal, Compliance and Risk. The role will include managing both Legal & Compliance and Risk audit execution teams, as well as responsibility for non-US regulatory issue validations in Compliance and Risk. This role will be responsible for building and managing relationships with senior Independent Legal, Compliance & Risk Management leadership across International management of financial risks, including Wholesale Credit Risk, Retail Credit Risk and Market Risk, and non-financial risks including Operational and Compliance risks; 2nd line leadership covering the International portfolio of Countries and Legal Entities; and other IA leaders including Country and Cluster Heads of Audit. In addition, the role will work closely with product and functional Internal Audit (IA) management to ensure the creation and delivery of an end-to-end audit plan that provides high quality assurance over the key risks for Risk Management and Compliance processes globally, and validation of Risk and Compliance regulatory issues outside the US. Critical thinking and executive presentation skills will be important requirements of the role as themes related to risks and issues across the organization will be identified and presented to key stakeholders, such as senior management, the Audit Committee, regulators and external audit functions. The incumbent requires a wider ranging, yet detailed knowledge of technology processes, as well as a strong understanding of the fundamental risks associated with a large investment bank. The role will entail considerable co-ordination and development of resources to meet the plan and will therefore also require strong people management and communication skills. As a member of the Senior Leadership team for IA Legal, Compliance and Risk, the incumbent is also collectively accountable for providing broader leadership and oversight to the overall team, with a total headcount of circa 350. In addition, as a Chief Auditor, the employee is responsible for contributing to the overall management and development of Citi's audit approach, to position Citi IA as the leading IA function in the financial services industry.
