Citi Senior Audit Manager ICG / (TTS) in Mexico
Primary Location: Mexico,Distrito Federal,México
Education: Bachelor's Degree
Job Function: Audit
Shift: Day Job
Employee Status: Regular
Travel Time: Yes, 50 % of the Time
Job ID: 16075501
Internal Audit is a global organization of over 1000 professionals covering Citi's global businesses and service to clients and customers in over 180 countries. Citi's Internal Audit division provides independent assessments of the company's governance, risk management and internal control environment for key stakeholders including the Board of Directors, senior management and Citi’s numerous regulators globally. Internal Audit is a change agent within Citi aimed to enhance the control culture of Citigroup worldwide and thereby support senior management decision making around the globe.
This role directs the timely delivery of complex high quality; value added assurance and audit reports for the Citi Transactions Services business activities offered to Corporate customers in Latin America, which meet the requirements of the Boards of Citigroup and Citibank, their affiliates and of Citi’s respective regulators, globally.
The bank’s Transactions Services business, known as Treasury and Trade Solutions (TTS) is a very large and Global business within Citi, which is part of the Institutional Clients Group Segment. The core TTS businesses in Latin America (including Mexico) are Local and International Cash Management, including payments, receivables and accounting services; Trade Finance; Channel Finance and Trade Services.
This position will have responsibility for audit delivery covering Treasury and Trade Solutions (TTS) businesses primarily in Mexico, but also within the other Latin American countries and will manage Internal Audit staff based in Mexico City. This SVP position will report directly to the Internal Audit TTS Director for the Latam Region (including Mexico). The candidate must possess in-depth knowledge of key Transactional Products and Services and its associated risks and controls, as well as knowledge of the respective supporting operations.
Manage all aspects of TTS related audits in Mexico, in accordance with Internal Audit standards and local regulatory requirements.
Possesses a broad and comprehensive understanding of different Internal Audit standards, policies and local regulations; applies a broad and comprehensive knowledge of high risk areas within the main Transaction Services / Institutional Clients Group products and services including associated strategic, operational, compliance and regulatory risk aspects.
Recruits staff, develops talent, builds effective teams, and manages a budget. Share and develop relevant audit and product knowledge within the Internal Audit team. Leads the professional development of Internal Audit staff.
Develops and executes a robust Audit Plan, by reviewable entity, for assigned businesses in accordance with Internal Audit standards, relevant government statutes and regulations and Citigroup and Citibank policies.
Applies an in-depth understanding of the inter-relationships of business and support units throughout the corporation and how they impact the overall control environment and the audit approach. Develop effective relationships with TTS and Risk Senior Management of the audited areas to ensure a strong understanding of the businesses and its strategies.
Monitor key related processes and industry trends and assess the risks in the assigned business through the Business Monitoring process or required audits, identifying control deficiencies and recommending appropriate solutions.
Delivers on time high quality audit reports, Internal Audit and Regulatory issue validation as well as business monitoring and governance committee reporting.
Ensure that Internal Audit works constructively with management and Compliance to identify corrective action plans to remediate the regulatory, governance, risk management or internal control issues, and that Internal Audit validates the issues promptly.
Proactively advance integrated auditing concepts and use of technology (i.e. data retrievals, automated testing).
Ensure effective cost management and operation within budget for all Internal Audit activities.
Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or regional executive management partners. May negotiate internally often at higher levels on matters which will have a major impact on the area managed.
Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions and recognized as a leadership role model.
Participates in major business initiatives and pro-actively advises and assists the business on change initiatives.
Frequently involved in matters that require complex judgments and solutions based on sophisticated analytical thought such as identifying solutions for a variety of audit control issues.
Analyses reporting findings; Recommends appropriate interventions where needed. Proposes creative and pragmatic solutions for risk and control problems. Partners with Directors and Managing Directors to develop approaches for addressing broader corporate emerging issues.
Serves as lead reviewer for all types of reviews, including the most complex.
Qualifications and Competencies
10-15+ years of experience in control functions or process design/assessment roles covering Transaction Services related businesses within a financial services organization or with a public accounting or consulting firm that serves such clients. Prior experience in audit or risk is preferable with an ability to understand and analyze risks and controls within business processes, and develop, review and execute audit programs.
Solid business understanding of Transaction Services products, especially those associated with Local and International Cash Management, as well as Trade Finance and Trade Services for Institutional Clients Group customers (Corporations).
Senior level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for executing concurrently on a portfolio of high quality deliverables to stakeholders according to strict timetables.
Demonstrates experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment.
Strong interpersonal and negotiations skills for interfacing with all levels of internal and external audit and management. This individual must be an articulate and effective communicator, both orally and in writing, with an energetic and approachable style. Candidates must have a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
Very strong written and verbal communication skills (English and Spanish), including an ability to engage in debate with senior management, are essential.
Bachelor degree required; Master’s Degree is preferred.