IA Regulatory - Audit Manager - VP

London, Greater London, United Kingdom
18 Feb 2021
03 Mar 2021
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Team / Position Overview

This role will sit within the Regulatory Initiatives team in Internal Audit and will be responsible for leading the execution of Citi's Regulatory Initiatives assurance strategy for Europe, Middle East & Africa (EMEA), whilst also supporting the wider team in the delivery of assurance audits in other regions.

As an Audit lead, this role actively engages in the timely delivery of high quality, value added assurance and audit reports for a portfolio of business activities, coordinate post audit validation workstreams and prepares ad-hoc analyses and assessments on key themes and trends pertaining to key regulatory requirements. Part of the audit manager roles is dedicated in the development and maintenance of key relationships with business and control teams that support regulatory reform projects or business as usual process of regulatory impact.

The role is integral component of the audit delivery in response to Regulatory changes, including Dodd Frank / Volcker / MiFID II/ EMIR etc. The Financial Crisis has led to an unprecedented level of regulatory reform. Much of the legislation and subsequent rule making will have a significant impact on Citi's global businesses and frequently specifically mandates Internal Audit coverage.

Key Responsibilities:

The successful candidate will receive an overview of the business context and specific training to enable them to perform the below key tasks:
  • Develop and execute a robust Audit Plan for EMEA based Regulatory Initiative audit entities whilst as lead manager for all types of assurance reviews.
  • Deliver timely and at a high standard the IA Reg Reform book of work comprising of complex thematic audits, risk based and regulatory issue validations, business monitoring, risk assessments, governance committee reporting and other internal ad hoc requests.
  • Engage actively in all phases of the assigned audits within budgeted timeframes, and budgeted costs by being responsible for defining a solid audit scope, coordinating their execution, agreeing issues & their practical solutions with key stakeholders as well as drafting of high-quality audit reports.
  • Be the established "point-person" for EMEA Regulatory Initiatives queries, liaising with other Internal Audit teams and other stakeholders to ensure holistic coverage of key regulations.
  • Demonstrate strong audit judgement, political astuteness and sensitivity to cultural diversity.
  • Demonstrate enquiring mindset with the drive and achieve high quality results and contribute to the development of audit processes improvements.
  • Apply solid understanding of internal audit standards, policies, and local regulations and incorporate in the audit plan coverage.
  • Apply solid understanding of how internal audit collectively integrates with line management and control functions to accomplish the objectives of the function and overall business.
  • Provide coaching to junior team members in all phases of the audit process.
  • Recommend appropriate and pragmatic solutions to risk and control issues.
  • Monitor the risk environment and assess the emerging risks through the Business Monitoring process.
  • Apply knowledge of key regulations to influence audit scope.
  • Develop effective line management relationships to ensure strong understanding of the business.
  • Pro-actively develops automated routines to help focus audit testing where applicable.

Experience and Skills
  • Intermediate level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for issuing to stakeholders high quality deliverables according to strict timetables.
  • Specific subject matter expertise regarding global regulations, control disciplines, and a solid business understanding of products associated with the ICG Markets business.
  • 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 management.

  • BS/BA degree or equivalent combination of education/experience.
  • Related certifications (CPA, ACA, ACCA, CFA, CIA, CISA or similar) are a plus.

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity:
Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organizational success.

Citi is an Equal Opportunities Employer

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 Accessibility at Citi.

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