Chief Auditor, Consent Order Transformation

New York, New York
Citi
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.

This role will provide, and coordinate 3rd line activities related to the transformation of the Risk function resulting from the recent FRB and OCC consent orders, as well as the associated target state programs. These activities will focus on the Risk & Control program and associated initiatives, with additional engagement with other Transformation CAs as required, including those covering Transformation activities relating to data, talent and treasury areas. The person in this role will face senior members of Risk and business management including the Chief Risk Officer and direct reports of the Chief Risk Officer, as well as lead an IA team dedicated to assessing, monitoring and validating management’s gap analysis and remediation plans.

Responsibilities:

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.

This role will provide and coordinate internal audit activities related to the transformation of the firm resulting from the recent FRB and OCC Consent Orders, as well as the associated target state programs. The IA Central Transformation team is focused on oversight, coordination, and driving consistent direction of IA’s review of the firm-wide Transformation initiatives as well as reporting IA validation results. The person in this role will regularly interact with senior members of management including the Chief Operating Officer and direct reports, as well as regulators. This role will lead a team dedicated to providing effective check and challenge and aggregating reporting and themes for escalation to senior management and the board. The Chief Audit will work in very close coordination with peers to ensure appropriate themes are identified and escalated appropriately.

Key Responsibilities:

• Assess, monitor and report on Citi’s Consent Order remediation progress, including reporting all the way to the board of directors.
• Build and maintain strong open relationships with executive stakeholders, working as a partner, to exert influence and provide credible challenge in a constructive manner.
• Identify and escalate emerging risks, issues and key themes and coordinate the assessment and mitigation of emerging risks and issues with leaders.
• Provide credible check and challenge to the program’s defined scope, target state, and success criteria to ensure it fully addresses supervisory expectations and underlying issues and root causes.
• Manage IA’s regulatory relationships resulting in constructive two-way dialogue, trust in the IA function and general reliance being placed on IA’s work around Citi Transformation.
• Look across programs and initiatives to identify related and interdependent elements and provide recommendations, where needed, for combining or connecting programs and initiatives to achieve greater effectiveness and efficiency.
• Develop approaches to promote knowledge sharing and management best practices across IA, Citibank and Citigroup.
• Attract, develop, motivate and retain a highly diverse and effective IA team. Work with the global IA Chief Auditors to maximize the efficiency and effectiveness of IA resources, as well as leveraging different audit approaches and innovative audit tools. Identify and develop talent while providing long-term career opportunities within IA and other areas within Citigroup.

Qualifications:

• 15+ years of experience in a related role
• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred.
• Ability to collaborate and influence peers and communicate effectively with senior management.
• Ability to quickly comprehend the true risks of complex global issues, escalate to the appropriate level and provide advice on pragmatic commercial solutions.
• Thought leader in current IA best practice, innovative IA developments and leading the design and delivery of quality risk-based forward looking audit plans.
• Ideally, experience of successfully managing major transformational projects.
• Experienced in leading large dispersed professional teams.

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

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Job Family Group:

Internal Audit

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Job Family:

Audit

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Salary Range:

$250,000.00 – $500,000.00

Citi is an equal opportunity and affirmative action employer.

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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