Chief Auditor AML


: $95,430.00 - $157,490.00 /year *

Employment Type

: Full-Time


: Accounting

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Description About Citi: Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of our clients. Citi's Mission and Value Proposition explains what we do and Citi Leadership Standards explain how we do it. Our mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We strive to earn and maintain our clients' and the public's trust by constantly adhering to the highest ethical standards and making a positive impact on the communities we serve. Our Leadership Standards is a common set of skills and expected behaviors that illustrate how our employees should work every day to be successful and strengthens our ability to execute against our strategic priorities. Diversity is a key business imperative and a source of strength at Citi. We serve clients from every walk of life, every background and every origin. Our goal is to have our workforce reflect this same diversity at all levels. Citi has made it a priority to foster a culture where the best people want to work, where individuals are promoted based on merit, where we value and demand respect for others and where opportunities to develop are widely available to all. Description: Internal Audit is a global organization of over 1,900 professionals covering Citi's global businesses and service to clients and customers in over 180 countries. Citi's Internal Audit division provides independent assessments of the company's governance, risk management and internal control environment for key stakeholders including the Board of Directors, senior management and Citi's numerous regulators globally. Internal Audit is a change agent within Citi aimed to enhance the control culture of Citigroup worldwide and thereby support senior management decision making around the globe. This role provides the Internal Audit organization with strategic direction in the establishment of risk-based auditing and reporting methodologies, organization design, and effective positioning of the function to ensure provision of independent assurance which is consistent and aligned with Citigroup and Citibank business objectives, and to ensure the timely delivery of high quality, value added assurance and audit reports which meet the requirements of the Boards of Citigroup and Citibank, their affiliates, and of Citi's respective regulators, globally. This role will be responsible for assessing the North America Anti-Money Laundering (AML) Compliance program and controls in accordance with established IA methodology and professional auditing standards, sufficiency of AML staffing resources, roles and responsibilities and documentation standards. In addition, this role will cover the Global Anti-Bribery and Corruption Compliance function. The position will be based in either New York, Ft. Mill, SC, Tampa, FL or Irving, TX and will lead IA's North America AML Compliance and Global Anti-Bribery and Corruption teams (6 direct reports/40+ total) to ensure the provision of independent assurance which is consistent and aligned with the Global IA strategies and Global, Consumer and Institutional Clients AML programs. This role will be responsible for continually assessing the AML structure and how issues are identified, tracked, escalated and reported through established AML governance processes including established AML Committees. Additional responsibilities: Significant interaction with regulatory agencies (FRB, OCC, FDIC, State of California) including preparation of required meeting materials and decks Oversight / interaction w/ CO Validation Teams including new OCC requirement to review/approve Testing Approaches before completing fieldwork Monthly presentations to Compliance and Audit Committees AML Center Of Excellence (COE) interaction with Product teams Business Monitoring & Risk Assessments Key Responsibilities: Sets and/or contributes to strategic direction and medium to long term planning of Citi's Internal Audit (IA) function in the establishment of risk based auditing and branch examinations, which includes reporting methodologies, organizational design and effective positioning of the function to ensure provision of independent assurance. This is to be consistent and aligned with Citigroup and Citibank business objectives. Uses excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, or regional executive management partners and external audiences including regulators and external auditors. Frequently engages in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole. Directs comprehensive audit activities supporting a product line, function, or legal entity at the global or regional level including a significant portion of the audit annual plan, in accordance with IA standards, Citi policies, and local regulations. Responsible to oversee the delivery of high quality, value-added multiple concurrent audits on time and to specification. Ensures the delivery of audit reports that are complete, insightful, timely, error free and concise. Ensures timely delivery of high-quality comprehensive regulatory and internal audit issue validation, and where determined appropriate issue validation on other remediation actions. Delivers high impact reports of IA's contributions to executive management, regulators, and Citigroup and Citibank boards' sub-committees, developing trend analyses and thematic reporting. Manages multiple teams of global or regional Audit professionals through other senior managers. Recruits staff, develops talent, builds effective teams, and manages a budget. Identifies internal talent and fills key positions, attracts talent with required expertise to meet the risk profile of the business, builds deep bench strength and develops appropriate succession plans. Possesses a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Compliance, and Training) Delivers learning and development programs and is a recognized leader in training and developing others. Develops approaches to promote knowledge sharing and promulgate management best practices across Internal Audit, Citibank and Citigroup. Delivers cost effective and efficient management of audit teams and audit engagements. Ensures IA meets/exceeds the requirements and expectations of Citibank and Citigroup's regulators. Works closely and collegially within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance. Takes responsibility and accountability of audit's coverage and reporting on common high risks areas such Transaction Monitoring, KYC, AML, Fraud, Technology, Sanctions, and Anti-Bribery and Corruption. Actively supports and drives the Internal Audit Transformation Program and IA's and management's efforts for Citi to have a best in class internal audit and control functions. Fully supports and endorses the Quality Assurance function of Internal Audit and promptly accepts and remediates deficiencies found by QA. Ensures the adoption of the appropriate portions of the Citigroup and Citibank Audit Committee Charters and the Internal Audit Charter for applicable legal entities. Proactively advances integrated auditing concepts. Leverages Internal Audit's COE to improve audit processes and coverage. Qualifications The candidate must have a strong and experienced functional knowledge of AML programs that have been established to comply with the U.S. regulatory requirements, Know Your Customer (KYC) and Customer Due Diligence procedures, Transaction Monitoring and other AML pillars, Sanctions, Citi policies and procedures, provisions and guidance established by the Bank Secrecy Act and US Treasury agencies as related to prohibited activities, money laundering and financing of terrorism, and all applicable regulations governing local banking activities and operations. BA/BS or equivalent. Related certifications including CAMS is required and other certifications such as CPA, ACA, CFA, CIA, CISA or similar are a plus Proven ability in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timelines. Advanced level experience in a related role with extensive knowledge and experience of financial services Compliance and AML programs, regulations, standards and policies. Specific subject matter expertise regarding technology application control disciplines and a strong business understanding of the Financial Services industry, especially those associated with KYC, AML, Transaction Monitoring and Sanctions. Demonstrated experience in managing teams and managing integrated internal audit and assurance delivery within a matrix reporting environment. A self-aware, self-confident individual who has well developed listening skills, and a strong ability to engage a group of accomplished business unit heads by providing proactive advice on a variety of audit matters while carefully balancing the independent requirements of the IA function. Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views. This individual must be an articulate and effective communicator, both orally and in writing, with an energetic, charismatic and approachable style. Strong interpersonal skills for interfacing with all levels of internal and external audit and senior management. Strong leadership skills with a proven track record in managing teams and making a positive impact on the organization.Salary Range: NAMinimum QualificationNot Specified years * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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