Audit Director - Wealth Compliance

Citi; Mississauga; On-site; CAD 120,000 - 180,000; Full time

Job summary

Citi is seeking an Audit Director for Wealth Compliance to lead audit activities and manage compliance audits. This senior management position requires extensive experience in compliance risk management and the ability to oversee multiple audit teams. The role involves ensuring adherence to laws and regulations while driving the audit transformation program.

Qualifications

• 15+ years of experience in a related role.
• Knowledge of key laws and regulations.
• Prefer related certifications such as CRCM, CPA, ACA, CFA, CIA, CISA.

Responsibilities

• Deliver multiple concurrent regulatory focused audits.
• Oversee audit’s coverage and reporting on high risk areas.
• Manage the audit team, including recruiting and training.

Skills

Compliance risk management

Effective negotiation

Clear communication

Education

Bachelor’s degree

Master’s degree

Job description

The Audit Director for Wealth Compliance 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 is also responsible for managing multiple teams of professionals who conduct end to end audits of compliance with key laws and regulations. The role is also responsible for audit coverage of Citi's Compliance Chief Administration Office, as well as the Compliance Risk Management Framework for the Wealth Compliance function. 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.

Responsibilities:

• Deliver multiple concurrent regulatory focused 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
• Ensure IA meets/exceeds expectations, and support and drive the IA Transformation Program and IA’s and management’s efforts
• Improve the identification, measurement, management, reporting and controls in governance, risk and control environments
• Support and endorse the Quality Assurance (QA) function of IA, and resolve issues found by QA, improving audit processes and coverage
• Ensure the adoption of Citigroup and Citibank Audit Committee Charters and the IA Charter, and engage in internal/external negotiations
• 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.
  

Qualifications:

• 15+ years of experience in a related role
• Compliance risk management related experience
• Knowledge of key laws and prudential regulations such Flood Disaster Protection Act, Regulation O, Regulation BI and others
• Prefer related certifications such as CRCM, CPA, ACA, CFA, CIA, CISA or similar
• 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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Job Family Group:

Internal Audit

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Job Family:

Audit

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Time Type:

Full time

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