Citi Senior Auditor/ Consumer Retail in Mexico

  • Primary Location: Mexico,Distrito Federal,México

  • 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: 16049613


Education: Public Acountant, Finance or similar areas

Working day: Monday to Friday

Schedule: 9:00 to 19:00

Function background/context:

Internal Audit is a global organization of over 1000 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 participates in the timely delivery of high quality; value added assurance and audit reports for a portfolio of business activities, which meet the requirements of the Boards of Citigroup and Citibank, their affiliates and of Citi’s respective regulators, globally.

Citi maintains several investment businesses in Mexico such as Afore Banamex (Pension Fund Business), Seguros Banamex (Insurance Company), Impulsora de Fondos Banamex (Asset Management Business), Banamex Trust, Citigold (Patrimonial), Digital Banking with combined AUM of over $90Bn. Some of these businesses manage their own trading desk and have their own investment models that require a close review to validate the operational effectiveness. These businesses are considered as an important product in the current business strategy and are key to Banamex.

The Mexico Investment Audit Team is led by Audit Controller and will comprise four auditors.

Key Responsibilities:

  • As a seasoned professional applies solid understanding of internal audit standards, policies, and local regulations to provide timely audit assurance.

  • Contributes to the development of audit processes improvements.

  • Applies solid understanding of how internal audit collectively integrates with line management and control functions to accomplish the objectives of the function and overall business.

  • Performs moderately complex audits related to investments (e.g., Seguros Banamex, Pension Funds, Citigold, Asset Management, Digital Banking), project/program management; or in accordance with corporate methodologies and professional standards, including drafting of audit reports, presenting issues to the business, and discussing practical solutions.

  • Completes assigned audits within budgeted timeframes, and budgeted costs.

  • Provides coaching to team members in all phases of the audit process.

  • Monitors the risk environment and assesses the emerging risks through the Business Monitoring process.

  • Executes Internal Audit and Regulatory issue validation, when needed.

  • Recommends appropriate and pragmatic solutions to risk and control issues.

  • Applies knowledge of key regulations to influence audit scope.

  • Develops effective line management relationships to ensure strong understanding of the business.

  • Pro-actively develops automated routines to help focus audit testing.


Qualifications and Competencies

  • BS/BA degree or equivalent combination of education/experience.

  • Five or more years of experience in Investment and Risk Management unit audits or Retail business (e.g., Operations, Model Validation, VaR (Value at Risk) calculation). Actuarial experience is a plus.

  • Intermediate level experience in a related role with experience in business, functional and people management, with proven abilities in taking responsibility for issuing to stakeholders high quality deliverables according to strict timetables.

  • Understanding of of local regulation and related risks and controls in addition to an understanding of the impact of US and local regulation.

  • Specific subject matter expertise regarding technology application control disciplines and a solid business understanding of Retail processes and products, especially those associated with the Consumer business.

  • Experience in the Financial Services Industry is desirable

  • 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 management.

  • Fluent in English and Spanish