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- Tasks: Lead the Financial Regulatory Reporting program and oversee internal audit work.
- Company: Join Citi, a global leader in financial services with a commitment to diversity and inclusion.
- Benefits: Enjoy competitive pay, career growth opportunities, and a supportive work environment.
- Why this job: Make an impact by ensuring compliance and managing risks in a dynamic financial landscape.
- Qualifications: 15+ years of experience with leadership skills; CPA or similar certifications preferred.
- Other info: This role is certified under FCA and PRA regimes, promoting a diverse workplace.
The predicted salary is between 72000 - 108000 £ per year.
The Chief Auditor is a senior leadership position responsible for leading our Financial Regulatory Reporting program. This role involves overseeing internal audit work related to key U.S. regulatory reports, including the FFIEC 031 Call Report and the FR Y-9C.
Key responsibilities include:
- Timely execution, risk assessment, and periodic updates of the Internal Audit's plan for risk-based coverage.
- Coordination with key stakeholders in Controllers, Data, and Tech organizations, including communication of strengths and areas for improvement.
- Managing a cross-functional audit team monitoring change activities.
- Engaging with senior stakeholders on regulatory communications, ensuring appropriate responses and action plans.
- Designing and delivering audit coverage aligned with organizational objectives.
- Overseeing the execution of the audit plan with a team of approximately 60 FTEs, including talent management.
- Representing the IA function within Citi and externally, managing current and future risks.
- Developing and executing strategic plans compliant with regulatory and legal standards.
- Escalating issues, coordinating risk mitigation, and promoting best practices across IA and related entities.
- Leading comprehensive audit activities and ensuring compliance with standards and regulations.
- Validating regulatory and internal audit issues, ensuring regulator requirements are met.
- Ensuring adherence to Citigroup and Citibank Audit Committee Charters and IA Charter.
- Assessing risks in business decisions, ensuring compliance, and managing control issues transparently.
Qualifications:
- 15+ years of relevant experience.
- Leadership excellence in hiring, retention, and development.
- Preferred certifications: CPA, ACA, CFA, CIA, CISA or similar.
- Understanding of Audit, Risk, and Compliance disciplines.
- Experience with controls-based and substantive testing, including sampling techniques.
- Success in business, functional, and people management.
- Strong communication skills.
- Ability to work unbiased in diverse environments.
- Effective negotiation skills.
Education:
- Bachelor's degree in finance or accounting preferred; Master's degree preferred.
Candidates should be aware this is a Certified Role under FCA and PRA regimes.
Contact Detail:
Citi Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Auditor - Financial Regulatory Reporting | London, UK
✨Tip Number 1
Network with professionals in the financial regulatory space. Attend industry conferences or webinars where you can meet auditors and compliance experts. This will not only help you gain insights into the role but also potentially lead to referrals.
✨Tip Number 2
Stay updated on the latest regulatory changes and trends in financial reporting. Subscribe to relevant newsletters or follow key thought leaders on social media. Demonstrating your knowledge during interviews can set you apart from other candidates.
✨Tip Number 3
Prepare for potential interview scenarios by practising your responses to common leadership questions. Focus on your experience in managing teams and handling complex audit situations, as these will be crucial for the Chief Auditor role.
✨Tip Number 4
Research StudySmarter's values and mission. Tailor your discussions to align with our organisational objectives, showcasing how your experience and vision can contribute to our goals in financial regulatory reporting.
We think you need these skills to ace Chief Auditor - Financial Regulatory Reporting | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in audit, risk, and compliance. Emphasise leadership roles and relevant certifications like CPA or CIA that align with the Chief Auditor position.
Craft a Compelling Cover Letter: In your cover letter, discuss your understanding of financial regulatory reporting and how your background makes you an ideal candidate for leading the audit team. Mention specific achievements that demonstrate your leadership and communication skills.
Highlight Relevant Experience: When detailing your work history, focus on your experience with U.S. regulatory reports and any cross-functional team management. Use metrics to showcase your success in previous roles, such as improvements in audit processes or risk mitigation.
Proofread and Edit: Before submitting your application, thoroughly proofread your documents for any errors. Ensure that your language is professional and clear, reflecting the high standards expected for a senior leadership role.
How to prepare for a job interview at Citi
✨Showcase Your Leadership Experience
As a Chief Auditor, you'll need to demonstrate your leadership skills. Prepare examples of how you've successfully led teams, managed talent, and driven results in previous roles. Highlight specific achievements that showcase your ability to lead a cross-functional audit team.
✨Understand Regulatory Requirements
Familiarise yourself with key U.S. regulatory reports like the FFIEC 031 Call Report and the FR Y-9C. Be ready to discuss how you have ensured compliance with these regulations in past positions, as well as your approach to managing risks associated with them.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating complex audit concepts clearly and concisely. Be prepared to discuss how you've engaged with senior stakeholders and communicated audit findings in a way that drives action and improvement.
✨Demonstrate Strategic Thinking
The role requires developing and executing strategic plans. Think about how you've aligned audit coverage with organisational objectives in the past. Be ready to share your thought process on risk assessment and how you prioritise audit activities based on business needs.
