Chief Auditor - UK & Legal Entities Management

London, Greater London, United Kingdom
25 Oct 2020
13 Nov 2020
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Role Summary
The Chief Auditor - UK & Legal Entity Management provides independent third-line assurance that the end to end processes at Citi (in so far as they relate to Citi UK Legal Entities) have been properly understood, assessed and mitigated via first line programs and second line assurance activities. This role, which will largely have a UK focus, but will also impact other regions (due to the methodology work described below) will be responsible for:
  • Working with product and function Chief Auditors and their delegates to develop and complete (and keep updated)

    an effective audit strategy

    and plan that provides thorough, risk based coverage (including issue validation for regulatory and audit issues)

    for addressing material risks from a UK Legal Entity lens

    . This includes:
  • If required, creation of UK Legal Entity specific audit work to supplement product and function audits
  • Reviewing product and function audit plans to determine audits that have most relevance to Material Legal Entities (not just UK).
  • Working with IA Methodology teams and other MLE HOAs to develop

    a Legal Entity audit approach

    to ensure that Legal Entity perspectives are considered as part of audit planning processes for global and regional audits; working with IA L&D to develop LE related training that can be rolled out across IA.
  • Effectively partnering with product and function audit owners and Chief Auditors to ensure that

    audit issues

    resulting from key audits identified are not just

    tagged to the right Legal Entities

    but also providing additional perspectives to issue wordings from a Legal Entity perspective.
  • Providing regular review and

    audit oversight over critical remediation programs and tracking progress

  • Effectively reviewing and

    challenging first and second line Legal Entity management assessments
  • Working with IA QA team to

    address any QA findings, regulatory issues against IA

  • Working with IA MI team to

    analyse audit data in audit systems from a LE perspective

    ; ensuring corrections are made as required, and following up to ensure errors detected are sustainably addressed.
  • Providing

    regular updates and briefings on audit perspectives

    from a UK Legal Entity perspective to

    Senior Management, Board Sub-Committees

    etc. including an independent opinion on managements reporting; and
  • Preparing

    briefing packs and interacting with UK regulators

    (along with EMEA Chief Auditor) and other global regulators (as required) on audit perspectives of the UK Legal Entities Control Environment.

  • Knowledge/Experience:

  • Demonstrated experience in working with large global teams and dealing with integrated internal audit and assurance delivery; experienced in dealing with senior stakeholders.
  • Strong understanding of Legal Entity management concepts and ability to effectively communicate risks to senior executives
  • Experience developing audit assessments and testing criteria, tools and methodologies
  • Proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timetables.
  • Prior experience of conducting risk based audits and presenting results to management
  • Proven knowledge and experience of risk issue management criteria, tools, and methods
  • Understanding of how risks and control deficiencies need to prioritized and remediated across the first line
  • Wide ranging knowledge of technology, finance and banking, as well as a strong understanding of the fundamental risks associated with a large commercial and investment bank. Good understanding of concept relating to Booking Models.

  • Dimensions:

  • Seven Legal entities

  • Citibank NA London Branch (CBNA London)* Citigroup Global Markets Limited (CGML))* Citibank Europe plc UK Branch (CEP UK) Citibank UK Limited (CUKL) Citicorp Trustee Company Limited (CTCL)** Canada Square Operations Limited (CSOL)** Citigroup Global Markets Europe AG London (CGME)
  • Approximately 20% of global audits - 200 numbers, but this is based on 2019 tagging. These numbers may change once a fuller review of LE applicability is established.

  • * Significant entities ** Minor entities

    Skills/ Competencies:

  • A self-aware, confident individual who has well developed listening skills, and a strong ability to engage a group of senior executive managers by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function. Able to analyse and think through highly complex issues, but then appropriate execute and implement against a well thought through framework in a seamless manner; Fluent in oral and written English; Excellent communication skills.
  • Good understanding of Booking Model and Legal Entity Management principles.
  • Good numerical and analytical skills. Ability to deal with data and derive insights.
  • Effective influencing and 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. Personal presence, intellect, energy and drive to succeed in a high-performance environment.
  • Strong leadership skills with a proven track record in managing teams and making a positive impact on the organization. The role will entail considerable coordination of resources and will therefore also require strong people management and communication skills.
  • Self-motivated and goal-oriented with the ability to seize the initiative, garner consensus and develop and implement an effective strategy. Demonstrates a high level of analytical rigor in formulating strategies, objectives and measuring results. Operates with passion and real drive when pursuing goals.
  • Sense of urgency in implementing programs and evaluating priorities; decisive, action-oriented and practical. Willingness to challenge and question the status quo, making recommendations for options and best solutions.
  • Critical thinking is a key requirement of the role, as themes related to risks and issues around the organization will be identified and presented to key stakeholders, such as senior management, the Audit Committee, Board, regulators and external audit functions.

  • Qualifications:

    Bachelor of Science or equivalent; Masters preferred. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus. Statistical, Computer Science or Computer Engineering qualifications will be an advantage.

    Job Family Group:

    Internal Audit

    Job Family:


    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

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