Chief Auditor – Credit Risk, Finance CRO, Banking, International and NAM Risk – MD

Role Overview

­­­­­­­­­

The Chief Auditor is a senior level management position responsible for managing Citi’s Internal Audit’s (IA’s) risk based audit approach, in coordination with the Audit team. The overall objective of this role is to ensure Citi IA is the leading IA function in the financial services industry, and to manage IA’s relationships with key stakeholders.

Citi Internal Audit is a dynamic global function of over 2,500 professionals located across more than 60 countries, covering Citi's global businesses and service to clients and customers through its network in 98 countries. Through a culture of continuous improvement, Citi IA is focused on maintaining its position as a best-in-class IA function and is committed to investing in people, learning and development, innovation, and methodology programs. The Internal Audit mission is to provide independent, objective, reliable, valued and timely assurance to the Board, senior management and regulators of Citigroup and Citibank (and its subsidiaries), over the effectiveness of culture, ethical conduct, governance, risk management, and controls that mitigate current and evolving risks and to enhance the control environment. Citi operates in over 100 countries and provides consumers, corporations, governments, and institutions with a broad range of financial services and products. Citi strives to create the best outcomes for clients and customers with financial ingenuity that leads to solutions that are simple, creative, and responsive.

The Chief Auditor for Credit Risk, Finance CRO, Banking, International and NAM Risk will lead and develop a global team of 60 and will report to the Chief Auditor for Legal, Compliance and Risk.

This role will be responsible for building and managing relationships with senior Independent Risk Management leadership across a number of Risk disciplines including Wholesale Counterparty Credit Risk, Retail Risk and Finance Risk, senior leadership covering the Material Legal Entities, 1st line leaders together with other Chief Auditors across IA.  In addition the role will work closely with product and functional Internal Audit (IA) management to ensure the creation and delivery of an end-to-end audit plan that provides high quality assurance over the key risks for Risk Management processes globally.

Critical thinking and executive presentation skills will be important requirements of the role as themes related to risks and issues across the organization will be identified and presented to key stakeholders, such as senior management, the Audit Committee, regulators and external audit functions.  The incumbent requires a wider ranging, yet detailed knowledge of technology processes, as well as a strong understanding of the fundamental risks associated with a large investment bank.  The role will entail considerable co-ordination and development of resources to meet the plan and will therefore also require strong people management and communication skills.

As a member of the Senior Leadership team for  IA Legal, Compliance and Risk, the incumbent is also collectively accountable for providing broader leadership and oversight to the overall team, with a total headcount of circa 400.  In addition, as a Chief Auditor, the employee is responsible for contributing to the overall management and development of Citi’s audit approach, to position Citi IA as the leading IA function in the financial services industry.

Responsibilities:

• Audit Plan: Design and implement an audit plan for the function that considers emerging and established risks; industry best practices and external frameworks; legal entity and country-level regulatory requirements; and an end-to end view of Risk Management risks and controls that cross business functions, geographies and platforms.
• Stakeholder Engagement: Proactively engage with senior leadership and teams across Risk to provide credible challenge and positively influence Citi’s culture, ethical conduct, governance, risk management and control frameworks. Develop and maintain strong working relationships with teams both within Legal, Compliance & Risk Audit, as well as across IA Product and Functions teams globally.  Leverage the feedback achieved from this to continually improve the definition and risk assessment of the audit universe as well as identify new and optimized ways of auditing the environment to maximize the insight achieved. 
• Regulatory Relationship Management: As part of the broader Legal, Compliance & Risk IA Leadership Team, contribute to managing IA’s regulatory relationships resulting in constructive two-way dialogue, trust in the IA function and general reliance being placed on IA’s work related to Legal, Compliance & Risk.  Engage actively with the Regulatory Issue Validation team on the validation of