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Director, IA Transformation Annual Assessment

Company: Citi
Location: Emerson
Posted on: September 17, 2022

Job Description:

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients.

Citi s Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients and the public s trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities.

Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all.

Citi Internal Audit (IA) is a dynamic global function of over 1,600 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.

The function is made up of multiple teams covering each of Citi s product and functional areas, as well as dedicated teams for IA Operations, IA Innovation and IA Quality Assurance.

The IA Transformation team is a central team within IA, reporting to the Chief Auditor for Citibank, N.A., focused on oversight of IA s review of the Firm-Wide Transformation initiatives. This team is accountable for oversight, coordination and direction within IA to enable consistent and timely review of Transformation initiatives by developing and maintaining strong working relationships with Internal Audit Product/Functions team(s), Business & Functions Risk/Control, Program Leads and Citi s CAO Transformation team. The team is also responsible for effective check and challenge, driving consistency, developing templates and design principles for IA to review Transformation, structuring and resourcing needs, coordination, aggregation, and reporting from an IA perspective of the Citi Transformation Program.

Key Responsibilities:

  • Citi Firm-Wide Transformation Annual Assessment: Coordinate and execute IA wide processes for the Annual Progress Report as required by the OCC Consent Order.
  • Review of Transformation program workstream(s) progress of the Citi Firm-Wide Transformation efforts, including ensuring that IA Program teams have clearly identified the required roles and responsibilities and have appropriately identified, and are engaging, all relevant Citi stakeholders with appropriate accountability.
  • Strategize, direct and scope the Annual Assessment, in accordance with IA standards, Citi policies, and regulatory standards. Responsible for providing valued and timely independent assurance on the progress of the Citi Firm-Wide Transformation Activities
  • Coordinate with the CAO Transformation Team workstream leads and Internal Audit Product/Functions Team as needed.
  • Identify and address program resource constraints in collaboration with IA partners.
  • Internal Stakeholder Management: Develop and maintain strong working relationships with Internal Audit Product/Functions Team, Business & Function Risk/ Control Leads, Program Leads, and Citi s CAO Transformation workstream Team.
  • Proactively interact with Transformation workstream teams to provide credible challenge and positively influence Citi culture, ethical conduct, governance, risk management and control frameworks.
  • Regulatory Relationship Management: Support the Transformation CA in managing IA s regulatory relationships resulting in constructive 2-way dialogue, trust in the IA function and general reliance being placed on IA s work around Citi Transformation. Meet specific regulatory requirements relating to IA whilst following the standard IA coverage model to the greatest extent possible.
  • IA team - Attract, develop, motivate and retain a highly diverse and effective IA team. Work with the global IA team, to maximize the efficiency and effectiveness of IA resources, taking into consideration the costs and experience of local and global auditors as well as leveraging different audit approaches and innovative audit tools. Identifies and develops talent providing long term career opportunities within IA and other parts of Citigroup.

    Qualifications:
    • 15+ years of progressive business, audit, accountancy or other broad relevant experience, preferably including the regional market and regulatory environment.
    • Executive presence and expert in building and maintaining strong open relationships with executive stakeholders, working as a partner, exerting influence and providing credible challenge in a constructive manner.
    • Advanced understanding of culture, ethical conduct, governance, risk management and control frameworks in leading international organizations.
    • Ability to quickly comprehend the true risks of complex global issues, escalate to the appropriate level and provide advice on pragmatic commercial solutions.
    • Thought leader in current IA best practice, innovative IA developments and leading the design and delivery of quality risk based forward looking audit plans. Experience of successfully managing major transformational projects.
    • Outstanding performer, open minded, resilient, agile, energetic, self-starter, articulate and empathetic whilst being confident to deliver opinions to bring about positive outcomes.
    • Proven and progressive business, audit, accountancy or other broad relevant experience, preferably including the market and regulatory environment.
    • Strong leadership skills including a track record of identifying and developing world class talent. Experienced in leading large dispersed professional teams.
    • Educated to degree level or holder of a relevant professional qualification (e.g. CA, CPA, ACA or CIA). -------------------------------------------------

      Job Family Group:

      Internal Audit -------------------------------------------------

      Job Family:

      Audit ------------------------------------------------------

      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 .

      View the " EEO is the Law " poster. View the EEO is the Law Supplement .

      View the EEO Policy Statement .

      View the Pay Transparency Posting

      -----------------------------

      Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Tenafly , Director, IA Transformation Annual Assessment, Accounting, Auditing , Emerson, New Jersey

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