Head of Audit Role - Senior VP
Luxembourg, Luxembourg | Citi Private Bank
Functions:Accounting / Control
Job Description:73 people have viewed this job
CCO and country senior management – Proactively interacts with the Senior Management Team to positively influence the country culture, ethical conduct, governance, risk management and control frameworks. Escalates significant issues on a timely basis, including the adequacy of corrective action. Contributes to the articulation and assessment of emerging risks and issues across the business, engages with the Senior Management Team and board stakeholders and provides input to strategic dialogues.
Board and Audit Committee (where applicable) – Advises the Board and Audit Committee through, inter alia: presenting and gaining buy-in to forward looking risk based audit plans; reporting on key IA activity including key risk issues and their management and or resolution; and provides timely assurance on culture, ethical conduct, governance, risk management and control matters.Partners with experts where required to provide insights on complex issues.
Local regulatory relationships – Manages IA’s local regulatory relationships resulting in constructive 2-way dialogue, trust in the IA function and general reliance being placed on IA’s audit work. Meets specific regulatory requirements relating to IA whilst following the standard IA coverage model to the greatest extent possible.
Governance, risk and control committees (e.g. BRCC and CCC) – Provides impactful, valuable and ongoing IA input through active participation and formal reporting at key committees and meetings.
Overall IA view and audit coverage – Maintains an understanding of the country market, local legal and regulatory requirements, Citi business activities and material developments to ensure IA activity remains sufficient and relevant to delivering timely assurance over material risks and business areas. Provides an ongoing opinion on the adequacy of the country culture, ethical conduct, governance, risk management and control disciplines.Participating in audits as directed by the CEP Audit Executive.
Local IA team (where applicable) – Attracts, develops, motivates and retains a highly diverse and effective local IA team. Works with the global IA teams to maximize the efficiency and effectiveness of IA resources, taking into consideration the costs and experience of local and global auditors as well as leveraging different audit approaches and innovative audit tools.
Thorough knowledge of legislative and regulatory requirements as applied for the countries which this roles supports .
Providing support to the CEP Audit Executive and deputising where required.
Record of building and maintaining strong open relationships with stakeholders, working as a partner and exerting influence in a constructive manner.
Good understanding of culture, ethical conduct, governance, risk management and control frameworks.
Ability to quickly comprehend the true risks of an issue and to escalate to the appropriate level.
Proficient in current IA best practice, innovative IA solutions and leading the design and delivery of quality risk based forward looking audit plans.
High performer, resilient, self-starter, articulate and empathetic whilst being confident to deliver opinions with a positive tone.
Proven and progressive business, audit, accountancy or other broad relevant experience, preferably including the country market and regulatory environment.
Educated to degree level and relevant professional qualification preferred (e.g. CA, CPA, ACA or CIA).
Given the coverage of multiple countries, there is a requirement to travel (c.30%).
Bachelor’s degree/University degree or equivalent experience
Master’s degree preferred
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