Product Controls Senior Analyst - Audit and Exam Management

Citi; Mumbai; On-site; INR 3,500,000 - 6,000,000; Full time

Job summary

Citi in Mumbai seeks an Assistant Vice President to lead or contribute to Audit Prep and Regulatory Review Management, strengthening Citi's control environment through quality reviews, policy adherence, and stakeholder engagement.

The role emphasizes root cause analysis, control performance assessment, and guiding junior analysts while ensuring compliance with applicable laws and Citi standards. You will prepare reports for stakeholders and drive risk-aware decision making.

Qualifications

• 8+ years of experience in operational risk management, compliance, audit, regulatory or other control-related functions in financial services.
• Understanding of compliance laws, rules, regulations, and corporate Policies and Standards; experience with Wholesale Credit Risk policies is a must.
• Strong analytical, organizational, and problem-solving skills with meticulous attention to detail.
• Excellent written and verbal communication skills for clear documentation and interaction.

Responsibilities

• Conducts detailed quality reviews of Audit Prep and Regulatory Review Management documentation and remediation plans.
• Supports execution of initiatives by providing analytical input to enhance processes and controls.
• Collaborates with business partners to gather information and ensure adherence to issue management policies.
• Identifies and analyzes issue trends to support remediation and process improvements.
• Reviews controls and one-time actions within corrective action plans for design and effectiveness.
• Maintains understanding of relevant policies and regulatory expectations related to issue management and internal audit.

Skills

Operational risk

Audit & compliance

Regulatory knowledge

Analytical skills

Communication

Risk framework

Issue management

Team leadership

Education

Bachelor's degree

Job description

Role Summary:

The C12 Assistant Vice President, Audit Prep and Regulatory Review Management team, is a key individual contributor or team lead responsible for supporting the execution of Business and function specific Audit Prep and Regulatory Review Management activities. This role involves performing detailed quality reviews, supporting project execution, and ensuring adherence to established policies and standards for issue resolution and audit and regulatory stakeholder engagement. The Assistant Vice President will apply their analytical skills to support root cause analysis, assess control performance, and contribute to the overall effectiveness and sustainability of Business and function specific Audit Prep and Regulatory Review Management, directly impacting the strengthening of Citi's control environment. This includes interpreting audit and regulatory expectations and translating them into actionable plans to strengthen the control environment.

The C12 Assistant Vice President, Audit Prep and Regulatory Review Management team, is a key individual contributor or team lead responsible for supporting the execution of Business and function specific Audit Prep and Regulatory Review Management activities. This role involves performing detailed quality reviews, supporting project execution, and ensuring adherence to established policies and standards for issue resolution and audit and regulatory stakeholder engagement. The Assistant Vice President will apply their analytical skills to support root cause analysis, assess control performance, and contribute to the overall effectiveness and sustainability of Business and function specific Audit Prep and Regulatory Review Management, directly impacting the strengthening of Citi's control environment. This includes interpreting audit and regulatory expectations and translating them into actionable plans to strengthen the control environment.

Responsibilities:

• Conducts detailed quality reviews of Audit Prep and Regulatory Review Management documentation, root cause analyses, remediation plans, and control assessment evidence, ensuring accuracy and completeness.
• Supports the execution of initiatives within the Audit Prep and Regulatory Review Management by providing analytical input that enhances processes and controls.
• Collaborates with business partners and functional teams to gather necessary information, clarify remediation details, and ensure adherence to issue management policies and standards for Audit Prep and Regulatory Review Management.
• Identifies and analyzes issue trends and insights to support broader remediation efforts and process improvements for Audit Prep and Regulatory Review Management.
• Reviews new or enhanced controls and one-time actions within corrective action plans, evaluating their design and effectiveness.
• Identifies potential process inefficiencies or control gaps related Audit Prep and Regulatory Review Management and proposes solutions to management.
• Maintains a strong understanding of relevant policies, standards, and regulatory expectations related to issue management and internal audit.
• May provide guidance to junior analysts, including oversight of daily tasks and project contributions.
• Upholds Citi's ethical standards and reputation by ensuring compliance with applicable laws, rules, and regulations, and escalating control issues transparently.
• Prepares reports and presentations on Audit Prep and Regulatory Review Management review findings and remediation status for various stakeholders.
• 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 teams and create accountability with those who fail to maintain these standards.

Qualifications:

• 8+ years of experience in operational risk management, compliance, audit, regulatory or other control-related functions in the financial services industry.
• Understanding of compliance laws, rules, regulations, and corporate Policies and Standards; experience of Wholesale Credit Risk (WCR) policies and processes is a must.
• Strong analytical, organizational, and problem-solving skills, with meticulous attention to detail.
• Strong knowledge in the development and execution of control testing workpapers and testing evidence collection.
• Ability to work effectively in a team environment and collaborate with various stakeholders.
• Good understanding of risk and control frameworks and their practical application.
• Capable of working independently on assigned tasks and managing multiple priorities.
• Excellent written and verbal communication skills for clear and effective documentation and interaction.
• Familiarity with Citi's internal audit and regulatory issue management processes and systems is a plus.
• Demonstrates initiative in identifying areas for improvement and contributing to solutions.

Education:

Bachelor's/University degree

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Job Family Group:

Controls Governance & Oversight

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Job Family:

Cross-disciplinary Controls

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Time Type:

Full time

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Most Relevant Skills:

Please see the requirements listed above.

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Other Relevant Skills:

For complementary skills, please see above and/or contact the recruiter.

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