Chief Auditor - Legal, Compliance & Risk -… at Citigroup · Mumbai

Chief Auditor - Legal, Compliance & Risk - International, Managing Director Location: Mumbai Maharashtra India Excited to grow your career? We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply! Our people make all the difference in our success. ­­­­­­­­­ The Chief Auditor is a senior level management position responsible for managing Citi 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 Legal, Compliance & Risk – International will lead and develop a global team of approximately 50 people and will report to the Chief Auditor for Legal, Compliance and Risk. The role will include managing both Legal & Compliance and Risk audit execution teams, as well as responsibility for non-US regulatory issue validations in Compliance and Risk. This role will be responsible for building and managing relationships with senior Independent Legal, Compliance & Risk Management leadership across International management of financial risks, including Wholesale Credit Risk, Retail Credit Risk and Market Risk, and non-financial risks including Operational and Compliance risks; 2nd line leadership covering the International portfolio of Countries and Legal Entities; and other IA leaders including Country and Cluster Heads of Audit.  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 and Compliance processes globally, and validation of  Risk and Compliance regulatory issues outside the US. 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 350.  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 legal entity and country-level regulatory requirements; emerging and established risks; industry and cluster best practices and external frameworks; and considers reliance and interaction with global control frameworks to form an end-to end view of International focused Legal, Compliance & Risk Management risks and controls that cross business functions, geographies and platforms. Stakeholder Engagement: Proactively engage with International senior leadership and teams across Legal, Compliance & 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 received to continually update and refine IA’s assessment of key risks, and to identify new and optimized ways of auditing the environment to maximize the insight achieved. Regulatory Relationship Management including International Regulatory Issue Validation: As part of the broader Legal, Compliance & Risk IA Leadership Team, contribute to managing IA’s non-US regulatory relationships resulting in constructive two-way dialogue, trust in the IA function and reliance being placed where appropriate on IA’s work related to Legal, Compliance & Risk.  Engage actively with Regulatory Issue owners on the validation of regulatory issues, ensuring timelines are met and regulatory intent is addressed. IA Team:  Attract, motivate and develop a highly effective, diverse, talented and trusted team.  Work with other IA Chief Auditors to maximize the efficiency and effectiveness of IA resources, taking into consideration the experience and location of the team, as well as leveraging different audit approaches and best practice.  Identify and develop talent, providing long-term career opportunities both within IA and across other parts of Citi. Experience & Qualifications: 15+ years of experience in a related role Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred Extensive understanding of Banking, Services, Markets, Credit Card and Wealth businesses, and the design and operation of risk and control frameworks associated with these, that preferably includes Internal Audit experience. Demonstrable knowledge of Risk Management disciplines across financial and non-financial risks, including a broad experience of the management of regulatory requirements and associated regulatory interaction. Direct experience of interaction with regulators including Singapore (MAS), Hong Kong (HKMA), UK (PRA / FCA), Europe (ECB / CBI / BaFin), and India (RBI) is preferred. 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 full risk implications of complex global issues, escalate to the appropriate level and provide advice and on pragmatic commercial solutions. Outstanding performer, open minded, resilient, agile, energetic, self-starter, articulate and empathetic whilst being confident to deliver opinions to bring about positive outcomes. Strong leadership skills including a track record of identifying and developing world class talent. Experienced in leading large, dispersed and diverse professional teams. Education: Bachelor’s degree / University degree or equivalent experience Master’s degree preferred ------------------------------------------------------ Job Family Group: Internal Audit ------------------------------------------------------ Job Family: Audit ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Most Relevant Skills Control Monitoring, Data Analysis, Industry Knowledge, Issue Management, Laws and Regulations, Professional Standards, Risk Management, Root Cause Analysis. ------------------------------------------------------ Other Relevant Skills For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------ Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law. 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