AVP - Finance Issue Quality Assurance (IQA)

Citigroup Inc.; Mumbai; On-site; INR 12,00,000 - 18,00,000; Full time

Job summary

A leading global financial services company is looking for an experienced Analyst for its Finance Issues Quality Assurance team in Mumbai. The candidate should have over 8 years of experience in audit or controls testing. Responsibilities include supporting quality reviews, conducting pre-validation tests, and liaising with issue owners. Strong analytical skills and a solid understanding of finance processes are essential for this role, along with proficiency in Microsoft Office tools.

Qualifications

• Minimum 8 years of experience in Audit and/or controls testing.
• 8+ years’ experience in financial services.
• Excellent problem-solving skills with attention to details.

Responsibilities

• Support pre-validation testing for High Severity L1-L2 Issues.
• Conduct effective reviews and challenges of submissions.
• Independently assess risks and propose solutions.

Skills

Audit and controls testing

Financial services experience

Clear communication skills

Organizational influencing skills

Problem-solving skills

Strategy development

Microsoft Office proficiency

Education

Graduate/Post Graduate

Tools

Excel

PowerPoint

Word

Job description

Overview

The Finance Issues Quality Assurance (IQA) team, part of Finance Risk and Controls, is responsible for the design and implementation of risk and control frameworks that span the Finance function globally. The IQA Team manages the quality and control of documentation across the issue management lifecycle, from identification to planning, monitoring, remediation, and ensuring that issue responses, action plans, and documentation at each step are held to the highest standard.

The Analyst will support the quality review of documentation and artifacts evidencing the completeness and accuracy of work done to address audit, regulatory, first- and second-line issues as they progress through the remediation lifecycle. The Analyst will support oversight of a portfolio of issues across Finance departments and will serve as the first line of defense for Quality Assurance and Control for Finance-owned Issues and CAPs, across all issue sources (IA, Reg, Self-identified, other). The IQA team will engage directly with issue owners and coordinators and partner with Finance function Control officers.

The ideal candidate will demonstrate a strong understanding of Finance processes (Controllers, Treasury, Capital Management, FP&A, Tax, etc.) and in-depth specialty knowledge of risks, control design/implementation, and IA validation methodology. The candidate will demonstrate strong and disciplined analytical skills developed through a consulting, audit, controls, QA or other similar function. The candidate will be curious and diligent, ensuring thorough evaluation of documentation and artifacts, rigorous audit planning and pre-validation testing. The analyst will demonstrate excellent people skills, given interaction with senior managers, various business units, auditors, and regulators. This is not a check-the-box control role – a successful analyst will go beyond the technical requirements to understand the spirit of the issue at hand and provide effective challenge to issue owners on the work completed and submitted. The candidate will also demonstrate a good understanding and prior expertise in driving partnership across the first, second, and third lines to complete remediation effectively. This is an exciting opportunity for a highly motivated and experienced analyst to gain exposure to a wide range of control issues and their remediation across multiple finance processes and varying levels of complexity.

Responsibilities

• Complete and support the pre-validation testing for High Severity L1-L2 Issues
• Support effective review and challenge to ensure issue opening (before submission), monitoring and pre-validation, and pre-closure reviews are of high quality, focusing on:
  • Root cause assessment
  • Control design and operating effectiveness
  • Completion criteria
  • Dependency evaluation
  • Sustainability
  • Risk reduction
  • Action plan quality
• Liaise with issue owners and coordinators to ensure evidence and artifacts are aligned and sufficient to meet IA validation requirements
• Establish and oversee the application of firmwide policies and procedures, control standards, operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Independently assess risks and drive actions to address root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Performs other duties and functions as assigned.
• Appropriately assess risk when business decisions are made, demonstrating 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.

Qualifications

• Minimum 8 years of experience, preferably in Audit and/or controls testing
• 8+ years’ experience in financial services
• Consistently demonstrates clear and concise written and verbal communication skills
• Effective organizational influencing skills required
• Demonstrated ability to lead global team efforts
• Excellent problem-solving skills with the ability to comprehend the big picture and pay high attention to critical details
• Demonstrated ability to develop and implement strategy and process improvement initiatives
• Strong verbal and written communication skills
• Proficiency in Microsoft Office suite, particularly Excel, PowerPoint, and Word

Education

Graduate/Post Graduate with equivalent experience.

Citigroup is an equal opportunity employer. Qualified candidates will receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.