Audit Manager UK Legal Entities

The Audit Manager - UK will assist the Senior Audit Manager and the Chief Auditor - UK & Legal Entity Management in providing 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. Working under the supervision and direction of the Chief Auditor and the Senior Audit Manager, this role, which will largely have a UK focus, will be responsible for:

• Use of analytical skills to develop a detailed understanding of UK Legal Entities.
• Support development of Legal Entity audit approach.
• Supporting the Chief Auditor and the Senior Audit Manager 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 teams 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 etc.
• 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.
• Prepare relevant materials for the UK and UK Legal Entities to update Senior Management, prepare materials for Management Committees, Boards, other Sub-Committees, meeting with Regulators, etc.

Knowledge/Experience required:

• Experience in working with global teams and dealing with integrated internal audit and assurance delivery.
• Experience developing audit assessments and testing criteria, tools and methodologies.
• Experience in working with MI and manage large data sets to present information to management in the required/comprehensive format.
• Ability to execute concurrently on a portfolio of high quality deliverables according to strict timetables.
• Prior experience of conducting risk based audits and presenting results to management.
• Knowledge and experience of risk issue management criteria, tools, and methods.

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 confident individual. Able to analyse and think through issues; Fluent in oral and written English; Strong communication skills.
• Good numerical and analytical skills. Ability to use tools available to manage data, present it in the right format for management and derive insights.
• Good interpersonal skills for interfacing with all levels of internal and external audit and management.
• Self-motivated and goal oriented. Sense of urgency in providing deliverables and evaluating priorities.
• 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.

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.

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.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Preference Internal candidate. Experience within FS sector. Understanding of audit and a 3rd line role. Strong interaction at all levels. External audit experience. A lot of stakeholder engagement. Support year on year strategy.

Salary circa 80-85K

Job Family Group:
Internal Audit

Job Family:
Audit

Time Type:
Full time

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