Citibank

Audit Director - Equities and Securities Services

Recruiter
Citibank
Location
London, Greater London, United Kingdom, United Kingdom
Salary
Competitive salary
Posted
26 Jun 2022
Closes
16 Jul 2022
Ref
22440531
Approved employers
Approved employer
Experience level
Director
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.

Global Markets is the sales and trading division within the Institutional Client Group at Citi. Equities offers execution, liquidity and idea generation to our clients, focusing on trading a suite of products that span physical shares, ETFs, synthetic shares and baskets, options and other derivatives.

The role will be based in London and will support the assurance approach for the Equities businesses and oversee risk assessment, planning and execution of audits across the regions. The role will involve managing the oversight and delivery of risk assessment, annual planning, business monitoring and the execution and reporting of the associated audit plans.

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.
  • Delivers learning and development programs and is a recognized leader in training and developing others.
  • Develops approaches to promote knowledge sharing and promulgate management best practices across Internal Audit and both Citibank and Citigroup.
  • 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.
  • Takes responsibility and accountability of audit's coverage and reporting on common high risks areas such KYC, AML, Fraud, Technology, Sanctions, and Consent Orders and other enforcement action compliance.
  • 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.
  • 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. Leverages Internal Audit's Centres of Excellence to improve audit processes and coverage.

Qualifications:
  • Previous experience in a related role
  • BA/BS or equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus.
  • Advanced level experience in a related role with extensive experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timetables.
  • Specific subject matter expertise related to a strong business understanding of traded products, especially those associated with the Commodities business.
  • Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment.
  • A self-aware, self-confident individual who has well developed listening skills, and a strong ability to engage a group of accomplished business unit heads by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function.
  • Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. This individual must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style.
  • Strong interpersonal skills for interfacing with all levels of internal and external audit and senior management.
  • Strong leadership skills with a proven track record in managing teams and making a positive impact on the organization.


Education:
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred


Job Family Group:
Internal Audit

Job Family:
Audit

Time Type:
Full time

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.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

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