GCB - Audit Preparedness Lead - VP (Operational Risk Officer

at Citigroup in Wilmington, Delaware, United States

Job Description

K ey Responsibility Overview:

Global Reporting, Tools & Analytics (GRA) is part of the Global Consumer Business Operational Risk & Control (CBORC) organization, which supports Global Consumer Banking by creating and implementing methodologies to measure and escalate Operational Risk. CBORC is a First Line of Defense Control function that aids in the assessment of risk evaluation for Consumer Banking. The team develops and maintains reports and tools, and the team is responsible for leading transformational Control projects and automation efforts across Global Consumer Banking. GRA also partners with Enterprise functions to lead and deliver transformational efforts across the firm.

The individual in this role will report to the Horizontal Audit Prep Team Group Manager. The team is responsible for the Horizontal Audit (multiple regions, products, processes) Prep Program. The Program has been implemented with the goal of improving Audit Ratings on Horizontal Audits. The Program consist of coverage for up to 15 Horizontal Audits annually, production of Data Analytic Reports (Silver Package) and a Single Point of Contact between Business and Internal Audit (Gold Package)

K ey Responsibility Overview:

The person in this role will act as the primary interface between the Business and Internal Audit for Horizontal Audits. In addition have responsibility of validating the Scope of each HZA, including but not limited to identification of Key Controls, Adequacy of these Key Controls, review of business process procedures, ensuring they align to enterprise policies and identification of Key Stakeholders relevant to the in-scope HZA.

Additional Responsibilities Include:

+ Interface with Auditors, Lines of Business and Functions to pre-emptively identify and remediate Issues for the First Line of Defense before Audits

+ Plans for Horizontal Audits (HZA) under the supervision of Group Manager

+ Will act as primary intermediary between IA/Business

+ Interface with Silver Package Analytics Team

+ Identify Key Stakeholders based on individual HZA

+ Identify existing Audit Prep Teams across Regions.

+ Identify Internal Audit Team contacts, individuals who will be conducting the fieldwork

+ Identify Impacted Line of Business and Functions under Review.

+ Identify In scope Assessment Unit Population (business groups)

+ Obtain prior Audit Reports and Scores for in scope HZA

+ Define timeline for each HZA – IA planning start, field work start and end date

+ Obtain Organizational Charts for In-Scope Assessment Unit Population

+ Obtain relevant Compliance and Legal contacts

+ Creates audit planning documentation in conformance with HZA Prep Team procedures

+ Documents business processes within process narratives or flowcharts, identifying risks and mitigating controls

+ Identifies control gaps and the design ratings of existing controls

+ Reviews and tests records to ensure compliance with company policies, procedures, plans, and communications as well as safe and sound banking practices

+ Formulates clear and concise conclusions on internal controls and business process and efficiencies

+ Prepares audit reports detailing findings and recommendations and review findings and recommendations with appropriate management personnel through exit conferences

+ Participates in audit exit meetings and prepares presentations

+ Prepares and/or supervises the preparation of organized, accurate, complete and competent work papers conforming to HZA Prep Team requirements, ensuring the documentation clearly supports the conclusion regarding each objective

+ Keeps Business Key Stakeholders informed of emerging issues and audit progress. Manages time and work efficiently so that deadlines are met and department standards are maintained

+ Maintains positive team relationship by demonstrating and supporting initiative, willingness to learn, flexibility, respect, cooperation and commitment to the success of the internal audit process

+ Keeps abreast of regulations, industry, and information technology changes

Job Skills/Qualifications

+ Prior audit experience.

+ Knowledge of the principles and practices of auditing.

+ Ability to draw conclusions and make appropriate recommendations for analyzed data.

+ Ability to gather information by examining records and documents and interviewing individuals.

+ Strong interpersonal skills and the ability to work professionally with persons at all levels.

+ Ability to communicate clearly and effectively in oral and written form.

+ Ability to handle sensitive matters on a confidential basis.

+ Consumer Banking Products and Process Knowledge a Plus

+ Proficient in MS Office Word, Excel and PowerPoint applications


+ Bachelor’s degree – Accounting , Finance, Business Administration, or other job related field of study

Job Family Group:

Risk Management

Job Family:

Operational Risk

Time Type:

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 ( .

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Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.

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Job Posting: JC192314599

Posted On: Sep 13, 2021

Updated On: Oct 23, 2021