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Global Wealth Fiduciary and Investments Audit Director

Company: Citi
Location: Devon
Posted on: January 27, 2023

Job Description:

The Global Wealth Fiduciary and Investments 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 their Audit team on all activities related to Fiduciary Audit coverage. Further, this role will be responsible for directing the audit coverage for Citi Global Wealth Trust and Investments audits in coordination with their CGW Audit colleagues. This role is responsible for managing a direct team of professionals in addition to influencing and directing the scope and coverage of fiduciary audit activities beyond their direct team within the IA Department. The overall objective of this role is to direct audit activities that support a subset of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, Citi policies, and local regulations.This Audit Director position will be responsible to develop and monitor the audit coverage of all Fiduciary Audit Entities and having responsibility for the Fiduciary Subject Matter Expert Team (FSME) and being the main point of contact for Citi Trust-related assurance activities Responsibilities:

  • Develop and enhance relationships with Fiduciary-related Citi professionals across Internal Audit
  • Develop and enhance strong relationships with Citi Global Wealth Trust and Investments senior leaders
  • Attend regular fiduciary, trust and investments-related governance, new product and control meetings bringing a Citi Internal Audit point of view
  • Attend internal ESG and digital assets working groups to enhance audit coverage of these asset classes.
  • Deliver multiple current audits to specification, and ensure the delivery of audit reports are complete, insightful, timely, error free and concise
  • Contribute to the delivery of reports outlining IA's contributions, and oversee audit's coverage and reporting on common high-risk areas
  • Provide independent assurance on the design and operating effectiveness of an area, at a global or regional level
  • Ensure timely delivery of comprehensive regulatory and internal audit issue validation, including issues arising from other external parties
  • Improve the identification, measurement, management, reporting and controls in fiduciary control environments
  • Support and endorse the Quality Assurance (QA) function of IA, and resolve issues found by QA, improving audit processes and coverage
  • Oversee various tasks to build the audit team, including recruiting staff, developing, and training the team, and managing the budget
  • 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.
  • Maintain the Fiduciary Audit Entity Universe based on current fiduciary definition as defined by governing documents and applicable law
  • Ensure all planning, testing, and reporting documentation for fiduciary audit entities is reviewed and approved by the FSME team prior to audits moving through their phases in the life cycle.
  • Provide advice on fiduciary activity determination
  • Attend and report in various Fiduciary Governance Committees (GFCC, CTDNA Audit Committee and Board, CTSD Audit Committee and Board,
  • Point of contact for Citi Trust Activities, along with owning the NAM Trust Audit entities Qualifications:
    • Experience in a related role
    • Understanding of wealth and private banking related businesses including risks, controls, and regulations
    • Related certifications (CPA, CFA, CIA, CFIRS or similar) preferred
    • 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
    • Knowledge of Human Resources processes and related regulatory expectations 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 Primary Location: New York New York United States Primary Location Salary Range: $170,000.00 - $300,000.00 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 .View the " EEO is the Law " poster. View the EEO is the Law Supplement .View the EEO Policy Statement .View the Pay Transparency Posting - 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, Philadelphia , Global Wealth Fiduciary and Investments Audit Director, Accounting, Auditing , Devon, Pennsylvania

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