• Senior Auditor, Finance - Product Control Jobs in New York City

  • Citibank India
  • New York City
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

Senior Auditor, Finance - Product Control - 19036403


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

Citis Mission and Value Proposition explain 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 publics 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

Internal Audit is a global organization of over 1800 professionals covering Citis global businesses and service to clients and customers in over 180 countries Citis Internal Audit division provides independent assessments of the companys governance, risk management and internal control environment for key stakeholders including the Board of Directors, senior management and Citis 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 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 Citis respective regulators, globally

This role will support the regional Product Control team in delivering Global audits and some local audits focused on the function key activities

P&L substantiation and estimate, including P&L Attribution Analysis (PAA)

Independent price verification and fair value adjustments

Front to back reconciliations

Intercompany reporting

Specialized accounting (eg ASC 815, OTTI)

Regulatory reporting

Key Responsibilities

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 Consumer or Investment Banking; technology management; project/program management; or supplier management 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

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


BS/BA degree or equivalent combination of education/experience

Specific subject matter expertise regarding application of control disciplines and a solid business understanding of cross-business products and how they generate P&L and risk

Good understanding of Product Control processes and some limited work experience in the area (on the audit or business side)

Good understanding of valuation of financial instruments and key controls associated with the Independent Price Verification and fair value adjustments process

Keep abreast of the markets and how changes impact the P&L of the businesses;

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

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

EEO Statement Citi is an equal opportunity and affirmative action employer Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity Pay Transparency Citi wont discriminate against anyone for discussing pay, but those with access to pay data in their work cant disclose it unless responding to complaints/investigations or legal requirements

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Banking
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 07th Jan 2020

Key Skills:

Company Profile:




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