• Competitive
  • Hong Kong
  • Permanent, Full time
  • Citi
  • 17 Feb 18

APAC - GF - Audit Director, Treasury & Trade Services (Asia TTS Head)

APAC - GF - Audit Director, Treasury & Trade Services (Asia TTS Head)

  • Primary Location: Hong Kong SAR of PRC,Hong Kong,Hong Kong
  • Education: Bachelor's Degree
  • Job Function: Audit
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 25 % of the Time
  • Job ID: 18006110


Function Background/Context:
Internal Audit is a global organization of over 1600 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.
Job Purpose:
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, for a sub-set of a product line/function entity, ensures 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.
Citi Treasury and Trade Solutions business (TTS) provides integrated cash management and trade finance services and solutions to multinational corporations, financial institutions and public sector organizations globally. With its full range of digital and mobile enabled platforms, tools and analytics, TTS delivers innovative and tailored solutions to its clients. It offers a comprehensive suite of treasury and trade solutions, including cash management, payments, receivables, liquidity management and investment services, working capital solutions, commercial card programs, trade finance and services.
Key Responsibilities:
  • Contribute to the strategic direction of Citi's Internal Audit (IA) function in the establishment of risk based auditing and branch examinations, which include 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
  • Use excellent communication, leadership and strong management skills to influence a wide range of internal audiences including respective product, function, and regional executive management partners and external audiences including regulators and external auditors. Frequently engage in both internal and external negotiations which will have a major impact on the function, and possibly on the organization as a whole
  • Direct audit activities supporting a sub-set of a product line, function, or legal entity at the global or regional level, in accordance with IA standards, Citi policies, and local regulations. Provide valued and timely independent assurance on the design and operating effectiveness of a sub-set of a product, function, or legal entity at a global or regional level
  • Responsible for the delivery of high quality, value-added multiple concurrent audits on time and to required standard
  • Ensure the delivery of audit reports and (where appropriate) branch examinations, that are complete, insightful, timely, error free and concise
  • Ensure the timely delivery of high-quality comprehensive regulatory and internal audit issue validation and, where determined, appropriate issue validation on other remediation actions, including issues arising from the external auditors, consultants and other parties
  • Contribute towards the delivery of high impact reports of IA's contributions to executive management, regulators, and Citigroup and Citibank boards' sub-committees, developing trend analyses and thematic reporting
  • Manage multiple teams of professionals.  Recruit staff, develop talent, build effective teams, and manage a budget. Identify internal talent and fill key positions, attract talent with required expertise to meet the risk profile of the business, build deep bench strength and develop appropriate succession plans
  • Possess a broad and comprehensive understanding of multiple disciplines (Audit, Risk, Compliance, and Training) and of different Audit standards, policies and local regulations; apply a broad and comprehensive understanding of high risk areas including Corporate and Transactional Banking, corporate functions, technology management; project/program management; and supplier management
  • Deliver learning and development programs and be a recognized leader in training and developing others
  • Develop approaches to promote knowledge sharing and promulgate management best practices across Internal Audit and both Citibank and Citigroup
  • Deliver cost effective and efficient management of audit teams and audit engagements
  • Ensure IA meets/exceeds the requirements and expectations of Citibank's and Citigroup's regulators
  • Work closely and collegially within IA and with line management and control functions to ensure efficient and effective provision of independent audit assurance
  • Collaborate across businesses and functions to improve the identification, quantification, measurement, management, reporting and controls in governance, risk management and internal control environments
  • Take responsibility and accountability of audit's coverage and reporting on common high risks areas such as KYC, AML, Fraud, Technology, Sanctions, and Consent Orders and other enforcement action compliance
  • Actively support and drive the Internal Audit Transformation Program and IA's and management's efforts for Citi to have a "Strong" internal audit function and for Citi to have "Strong" control functions
  • Fully support and endorse the Quality Assurance function of Internal Audit and promptly accept and remediate any deficiencies found by QA
  • Ensure the adoption of the appropriate portions of the Citigroup and Citibank Audit Committee Charters and the Internal Audit Charter for applicable legal entities
  • Proactively advance integrated auditing concepts. Leverage Internal Audit's subject matter experts to improve audit processes and coverage


  • BA/BS or equivalent. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus
  • Advanced level experience in a related role with extensive experience in business, functional and people management, with proven ability in taking responsibility for executing concurrently on a portfolio of high quality deliverables according to strict timetables
  • Specific subject matter expertise regarding technology application control disciplines and a strong business understanding of TTS products
  • 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