Audit Director - Compliance Transformation

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 will lead Citi IA Compliance’s efforts to validate strategic firmwide transformation initiatives related to the Compliance Risk Management Framework. As a Director covering Compliance Transformation, provide real time independent effective challenge to remediation efforts.  Proactively manages IA’s relationships with key business stakeholders, including senior management, management committees, CCOs and regulators. Establishes IA as a trusted function whose views are valued and respected. Additionally, owns the IA brand within Citi and the marketplace, acts as a thought leader and drives the quest to be acknowledged as a competitive advantage, impactful and relevant. Ultimately, this role helps ensure there are no material corporate surprises and that the business manages current and future risks in line with the successful achievement of strategic business plans, whilst operating within all applicable regulatory and legal requirements. The role reports to the Chief Auditor for Compliance Transformation. 

Key Responsibilities:

• IA Compliance Transformation Team– Is a member of the IA Compliance Transformation Team and actively contributes to maintaining Citi IA as one of the leading IA functions in the financial services industry. Key areas of focus include: strategy, methodology, innovation, quality control, thought leadership and human capital management. 
• Compliance Transformation Senior Management – Proactively interacts with senior and executive management to provide credible challenge and positively influence the transformation of global compliance risk management, the related control frameworks and Internal Audit validation efforts across the end to end business activities including those within Independent Compliance Risk Management (ICRM). Escalates significant issues on a timely basis, including the adequacy of corrective action. Contributes to the articulation and assessment of emerging risks and issues across the business, engages with the senior and executive management and provides input to strategic dialogues.
• Compliance Transformation Project Management – Successfully manages major global transformational projects providing effective oversight and credible challenge of the project’s objectives, strategic direction, risks, and impact to the control environment while adhering to regulatory committed timelines.
• Compliance Transformation IA view and audit coverage – Maintains an understanding of the industry market, legal and regulatory requirements, Citi business activities and material developments to ensure IA activity is sufficient and relevant to delivering timely assurance over material risks and business areas related to compliance risk management across the firm. Provides an ongoing opinion on the adequacy of the compliance risk management and control framework. Contributes risk-based and innovative solutions that improve how compliance risk is managed across the global franchise with a focus on preventive activities and controls that are achievable and add incremental value to the control framework. Helps orchestrate consistent high quality IA activity across Citi IA.
• Knowledge of regulatory requirements – Demonstrates a working knowledge of critical regulatory requirements and regulator expectations related to compliance risk management and control frameworks for a large global organization.
• Global regulatory relationships – Helps manage IA’s regulatory relationships resulting in constructive two-way dialogue, trust in the IA function and general reliance being placed on IA’s audit work. Meets specific regulatory requirements relating to IA whilst following the standard IA coverage model to the greatest extent possible
• Management Committees and Forums – Provides impactful, valuable and ongoing IA input through active participation and formal reporting at key committees and meetings. Promote knowledge sharing and promulgation of best practices across IA and Citi.
• IA team – Attracts, develops, motivates and retains a highly diverse and effective regional IA team. Works with the global IA Directors 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 Citi.

Qualifications:

• 15+ years of experience in a related role
• Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred
• Executive presence and expert in building and maintaining strong open relationships with executive stakeholders, working as a partner and exerting influence in a constructive manner. 
• Advanced understanding of compliance 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.
• 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 regional 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.
• Demonstrated success in business, functional and people management
• Consistently demonstrates clear and concise written and verbal communication
• Demonstrated ability to remain unbiased in a diverse working environment
• Effective negotiation skills

Education:

• Bachelor’s degree/University degree or equivalent experience
• Master’s degree preferred

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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