Product Controls Senior Analyst - Audit and Exam Management

Citigroup; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

Citigroup in Mumbai seeks an experienced professional to support Audit Prep and Regulatory Review Management. The role involves conducting detailed quality reviews, root cause analyses, remediation planning, and ensuring adherence to policies and standards for issue resolution and regulatory engagement.

You will interact with risk, control, and business teams to strengthen Citi's control environment, translate audit expectations into actionable plans, and contribute to governance and reporting

Responsibilities

• Help assess the effectiveness of existing controls, executing routine control testing checklists and identifying potential exceptions.
• Help drive control testing enhancements focused on increasing operational execution efficiency and reducing process-level risks.
• Help assist in the execution of the Enterprise Risk Management Framework and verify personal adherence with Risk Management and Compliance Policies.
• Contribute to the oversight of the MCA program, including performing daily/weekly testing scripts and compiling monthly reporting data.
• Help assist in the execution of the MCA program in accordance with the ORM Policy & Framework, as well as applicable Policies, Standards, and Procedures.
• Perform assessment activities and testing processes as per required Policies, Standards, and Procedures to strengthen risk management quality.
• Help with the coordination and administrative management of issues and corrective action plans with key stakeholders.
• Participate in issue quality reviews, verifying that logged corrective action items comply with Issue Management Policy standards.
• Develop standardized risk and control testing reports to ensure sound, reliable, and consistent data exists for team leaders.
• Be involved in the operations of governance committees, including scheduling meetings, distributing agendas, and tracking follow-up action items.
• Prepare and organize documentation for internal and external audits and regulatory reviews, participate in walkthroughs, and assist in drafting responses to examiner requests.
• 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.

Job description

Individuals in Product Controls are responsible for establishing, managing, and mitigating operational, compliance, and regulatory risks across various business lines and products. Professionals within this profile work collaboratively with product management, operations, technology, and second/third-line risk partners to design, implement, and maintain a robust, compliant, and sustainable risk-mitigated environment that supports safe business growth.

Responsibilities:

• Help assess the effectiveness of existing controls, executing routine control testing checklists and identifying potential exceptions.
• Help drive control testing enhancements focused on increasing operational execution efficiency and reducing process-level risks.
• Help assist in the execution of the Enterprise Risk Management Framework and verify personal adherence with Risk Management and Compliance Policies.
• Contribute to the oversight of the MCA program, including performing daily/weekly testing scripts and compiling monthly reporting data.
• Help assist in the execution of the MCA program in accordance with the ORM Policy & Framework, as well as applicable Policies, Standards, and Procedures.
• Perform assessment activities and testing processes as per required Policies, Standards, and Procedures to strengthen risk management quality.
• Help with the coordination and administrative management of issues and corrective action plans with key stakeholders.
• Participate in issue quality reviews, verifying that logged corrective action items comply with Issue Management Policy standards.
• Develop standardized risk and control testing reports to ensure sound, reliable, and consistent data exists for team leaders.
• Be involved in the operations of governance committees, including scheduling meetings, distributing agendas, and tracking follow-up action items.
• Prepare and organize documentation for internal and external audits and regulatory reviews, participate in walkthroughs, and assist in drafting responses to examiner requests.
• 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.

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 completion.
• 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 stat