Internal Audit jobs in Canada

Organization

As a second line of defense, Independent Risk Management (IRM) oversees risk-taking activities across Citi. IRM designs Citi’s Risk Management Framework, sets the standards for consistent and effective end-to-end risk management across the firm, and provides independent oversight and critical assessment of risk-taking activities. IRM actively engages with businesses and functions, providing input into key risk decisions to drive risk awareness and strengthen risk culture in line with Citi’s Mission and Value Proposition and Leadership Principles.

Team

Risk Management Independent Assurance (RMIA) is transformational effort focused on establishing a framework for Independent Risk Management’s (IRM) testing and monitoring of business lines across the first line of defense to ensure they adhere to policy and procedure requirements, follow applicable laws and regulations, as applicable, and properly remediate any identified deficiencies. The RMIA program spans across the Risk organization and is embedded within each L0 Risk stripe (i.e.; Credit Risk, Market Risk, Liquidity Risk, Operational Risk, Strategic Risk, and Reputation Risk). The RIMA Central Team, which this role reports into, provides oversight of Risk Stipes’ Independent Assurance activities, defines the program’s Standard and Procedure, and performs aggregated reporting.

Role Overview

The RMIA Officer will assist RMIA Senior Officers and Head of RMIA Governance in providing oversight of L0/L1 Risk stripes’ (e.g.; Wholesale and Retail Credit Risk, Market Risk, Liquidity Risk, Model Risk) Independent Assurance activities, conducting periodic quality assurance/control reviews across Risk Stipes to ensure their testing and monitoring efforts conform to RMIA requirements, and performing testing and monitoring over select Risk-owned Tier 1 Regulations (e.g. Legal Lending Limits).

The role incumbent needs to have practical knowledge and experience in Risk Management, with strategic understanding of control frameworks. They will need to be able to engage with multiple senior stakeholders, provide effective challenge, and effectively work across multiple teams and business lines to execute on the mandate. The position requires excellent communication skills in order to work and negotiate internally at senior levels. The incumbent will need program management skills and be able to manage multiple priorities simultaneously, and stay abreast of industry best practices to ensure the Risk Management Independent Assurance program is best-in class.

Key Responsibilities:

• Assist in providing oversight of Independent Assurance activities across Risk stripes, including tracking of annual coverage and adherence to RMIA Standard and Procedure

• Perform review and challenge of coverage plan components and scope of reviews across Risk stripes, ensure effective testing of design and execution of risk controls

• Conduct periodic quality assurance/control reviews across Risk Stipes

• Perform annual testing and monitoring over select Risk-owned Tier 1 Regulations (e.g. Legal Lending Limits) and ensure that any identified deficiencies are appropriately remediated.

• Assist in quarterly and ad-hoc program level reporting, including metrics and trends, and provide periodic updates to Head of RMIA, governance groups, Internal Audit, and Regulators, as required

• Establish relationships with key contacts across Risk stripes and lines of defense to enable success in program implementation and overall collaboration

Skills/Competencies:

• Leadership – independently lead projects and assignments and manage all contacts involved to ensure successful delivery and completion

• Program and project management – ability to work towards the greater goal, execute on, and closely monitoring details of sub-steps in the overall project and deliver on time

• Demonstrate strong communication, interpersonal and negotiation skills – proven written and verbal communication is key given the various level of management interaction required.

• Evolving interpersonal skills, with the ability to build relationships and exert influence with and without direct authority

• Risk Management (various disciplines) and controls framework knowledge; working knowledge of Citi policies is preferred

• Understanding of quality assurance/control practices and approaches

Qualifications:

• 7+ years of experience in Risk Management

• Knowledge of Internal Audit or Compliance methodologies and approaches

• Bachelor’s degree or higher

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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