The Global Functions Control Testing Utility, within the COO organization’s Central Controls Capabilities is responsible for assessing and testing Controls that’s been designed and executed by Citi’s Global Functions teams such as Finance, HR, Operations, Technology, COO & ESPA as well as the CBNA Legal Entity.
The Finance Controls Testing Team Leader is a strategic and execution-oriented management position that reports to the Finance Controls Testing Head and is accountable for the end-to-end testing of Finance Controls including Control Test Planning, Control & Tool Design Assessments, Results Reporting & Insight, Exception Dispositioning and has a thorough understanding of Finance functions, Internal Controls, MCA (Managers Control Assessment) Frameworks and processes.
The Finance Controls Testing Team Leader manages a team of approximately 6 to 7 Finance Controls Testing Analysts accountable for executing the above responsibilities. The position closely follows the latest trends in controls testing and keeps abreast of finance industry, function, and process changes, and adapts them for application within own job and covered businesses and functions (e.g. Controllers, FP&A, Tax, Treasury, Regulatory Reporting). This position works closely with various stakeholders and senior managers at the Director or Managing Director levels.
A dynamic role with cross functional exposure requiring a solutions mindset with excellent management and communication skills to guide and negotiate often at a senior level, to achieve both regulatory and business strategic objectives. The role necessitates a degree of responsibility over technical strategy and supporting the Finance Controls Testing Head with staff management activities e.g., staff administration and resource & work allocation and ensures operational efficiency objectives are met.
Responsibilities:
- Design and execution of control testing work plan and quality review process of Control testing design and approval.
- Control design & Tool assessments.
- Testing procedure development and approval
- Exception management, issue remediation and escalations
- 2nd and 3rd line of defense engagement (e.g. Internal Audit)
- Leading a team responsible for assessing Finance control design, Control Testing tools, developing Control Testing Procedures, Control testing transitioning to centralized testing units, dispositioning exceptions, and developing and communicate insights to Finance Stakeholders.
- Resource management including forecasting, controls test transitioning and training for team.
- Represents Finance Control Testing in Operational Risk Forums (ORF) and at senior management meetings, contributing to forum/meeting materials as required.
- Develop and drives quality check and credible challenge routines to ensure compliance with all relevant policies, operating guides for owned activities and control testing.
- Supports and mentor team members on topics ranging from testing design & execution, control testing platforms and automation.
- Contribute to driving continuous improvements in accuracy, efficiency, timeliness and quality of Control design assessment and controls testing.
- Maintains relationships and drives accountability of control testing outcomes and success with partners and stakeholders to achieve regulatory and business strategic objectives.
- Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:
- 10+ years relevant experience, 5+ years in Risk & Controls roles, 5+ years of direct management experience.
- Experience in a finance function at a Global Bank or Financial institution preferred (e.g. Controllers, Treasury, FP&A, Tax, Regulatory Reporting).
- Good understanding of Financial Products and Services.
- Subject matter expert of Controls design, execution and/or control testing.
- Expert-level understanding Internal Controls and MCA (Managers Control Assessment) frameworks and processes.
- Advanced skills in MS Word, MS Excel, MS PowerPoint, and MS SharePoint.
- Experience of Testing tools / harnesses and ability to use Business Intelligence software.
- Requires strong communication and diplomacy skills to guide and influence others in a matrixed environment.
- Outstanding people and relationship management skills ensuring collaboration with key partners and stakeholders.
- Independent thinker and able to perform a credible challenge of businesses/functions.
- Experience and demonstrated ability to manage competing priorities in a complex environment.
- Ability to work effectively with team members, partners, and stakeholders virtually and across different geographies and time zones.
Education:
- Bachelor's/University degree in Finance, Master's degree preferred.
- CA, CPA, ACA or CIA preferred
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Job Family Group:
Risk Management
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Job Family:
Business Risk & Control
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Time Type:
Full time
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