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Internal Audit Director - US Regulatory Reporting

Company: Citi
Location: Hicksville
Posted on: May 13, 2022

Job Description:

Audit Director - Regulatory ReportingThe Audit Director - -US Regulatory Reporting -is responsible for assurance coverage of key areas of Finance including Global and US regulatory reporting governance, US regulatory report interpretation, production and oversight (e.g. Y-14, Y-9C), and -substantive testing over the accuracy of regulatory -reporting. - -The role also has a significant focus on data , technology and architecture.The Audit Director is a senior level management position responsible for contributing to the strategic direction of Citi's Internal Audit (IA) function, in coordination with the Audit team. This role is also responsible for managing - teams of professionals.This role is responsible directing audit activities over a sub set of Finance at a regional and global level to ensure the timely delivery of high quality, value added assurance and audit reports which meet the requirements of the Boards of Citigroup and Citibank, their affiliates and of Citi's respective regulators, globally.The Audit Director - -Regulatory Reporting -is responsible for assurance coverage key areas of Finance, regulatory reporting governance at a global and US level, -operational controls over -US report production and oversight (e.g. Y-14, Y9-C), including technology controls, rules interpretation -and -our data tracing program of substantive testing over regulatory -reporting. - -The role also has a significant focus on data.Key Responsibilities:

  • Contributes to strategic direction of Citi's Internal Audit (IA) function in the establishment of risk based auditing, which include reporting methodologies, organizational design and effective positioning of the function to ensure provision of independent assurance. This is to be consistent and aligned with Citigroup and Citibank business objectives.
  • Uses excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, or regional executive management partners and external audiences including regulators and external auditors. Frequently engages in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole.
    • Deliver multiple current audits to specification, and ensure the delivery of audit reports address key risks, are complete, insightful, timely, error free and concise.
    • Drive the risk assessment process and oversee audit's coverage and reporting on common high risk areas.
    • Contributes towards the delivery of high impact reports of IA's contributions to executive management, regulators, and Citigroup and Citibank boards' sub-committees, developing trend analyses and thematic reporting.
    • Ensure timely delivery of comprehensive regulatory and internal audit issue validation, including issues arising from other external parties
    • Manages a team of professionals. Recruits staff, develops talent, builds effective teams, and manages a budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plans.
    • Develops approaches to promote knowledge sharing and promulgate management best practices across Internal Audit and both Citibank and Citigroup.
    • Delivers cost effective and efficient management of audit teams and audit engagements.
    • Ensures IA meets/exceeds the requirements and expectations of Citibank's and Citigroup's regulators.
    • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
      • Works closely and collegially within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance.
      • Collaborates across businesses and functions to improve the identification, quantification, measurement, management, reporting and controls in governance, risk management and internal control environments.
      • Actively supports and drives the Internal Audit Transformation Program and IA's and management's efforts for Citi to have a strong internal audit function and control functions.
      • Fully supports and endorses the Quality Assurance function of Internal Audit and promptly accepts and remediates deficiencies found by QA.
      • Ensures the adoption of the appropriate portions of the Citigroup and Citibank Audit Committee Charters and the Internal Audit Charter for applicable legal entities.
      • Proactively advances integrated auditing concepts.Qualifications:
        • 15+ years of experience in a related role.
        • BA/BS or equivalent. CPA/ACA required, related certifications (CFA, CIA, CISA or similar) are a plus.
        • Advanced level experience in a related role with extensive experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timetables.
        • Specific subject matter expertise in audit, regulatory reporting and the financial services industry.
        • A self-aware, self-confident individual who has well developed listening skills, and a strong ability to engage a group of accomplished business unit heads by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function.
        • Effective negotiation skills, a proactive, risk based and 'no surprises' approach in communicating issues and strength in sustaining independent views.
        • Strong interpersonal skills and effective communicator, both orally and in writing.-------------------------------------------------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 .View the "" poster. View the .View the .View the -----------------------------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, Hicksville , Internal Audit Director - US Regulatory Reporting, Executive , Hicksville, New York

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