Citibank

Internal Auditor AVP - Model Risk

Recruiter
Citibank
Location
London, Greater London, United Kingdom, United Kingdom
Salary
Competitive salary
Posted
11 Sep 2021
Closes
07 Oct 2021
Ref
21329418
Approved employers
Approved employer
The Global Model Risk IA team has a mandate to provide a comprehensive program of audit coverage for the firm's model risk management framework and related controls across all lines of business. As a member of this team, the individual will help to design and implement the model risk audit methodology. To successfully deliver audits, the candidate will need to partner with the department's business, product and technology audit teams as well as their respective business leaders.

Citigroup's Model Risk Governance organization is responsible for the management of model risk across the firm. The Model Risk Management framework provides an independent set of controls over the key risks that are associated with the use of models for the purposes of Citi's key businesses, including the Institutional Clients Group and the Global Consumer businesses. This control framework includes various aspects of model risk management such as model governance, inventory, documentation, validation and use.

Responsibilities:
  • As a professional applies solid understanding of internal audit standards, policies, and local regulations to provide timely audit assurance.
  • Contributes to the development of audit processes improvements.
  • Applies solid understanding of how internal audit collectively integrates with line management and control functions to accomplish the objectives of the function and overall business.
  • Performs moderately complex audits related to Consumer or Institutional Clients businesses, technology management; project/program management in accordance with corporate methodologies and professional standards, including drafting of audit reports, presenting issues to the business and discussing practical solutions.
  • Completes assigned audits within budgeted timeframes, and budgeted costs.
  • Provides coaching to team members in all phases of the audit process.
  • Monitors the risk environment and assesses the emerging risks through the Business Monitoring process.
  • Recommends appropriate and pragmatic solutions to risk and control issues.
  • Applies knowledge of key regulations to influence audit scope.
  • Develops effective line management relationships to ensure strong understanding of the business.
  • Pro-actively develops automated routines to help focus audit testing.


Qualifications:
  • MSc or equivalent in Finance, Mathematics, Economics, Engineering or other relevant quantitative science.
  • Intermediate level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for issuing high quality deliverables to stakeholders according to strict timetables.
  • Related quantitative certifications (FRM, PRMIA CFA, CIA, CISA or similar) are a plus.
  • Specific subject matter expertise regarding control disciplines and a solid understanding of Model Risk Management concepts, such as model development, governance, inventory, documentation, validation and use.
  • 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.


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

Job Family Group:
Internal Audit

Job Family:
Audit

Time Type:

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

Similar jobs

Similar jobs