Senior Auditor - Model Risk Management
Company: Citi
Location: Hillsdale
Posted on: January 23, 2023
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Job Description:
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.Citi's Mission and
Value Proposition explains 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 public's 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.Description: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.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.Citigroup's Model Risk Governance organization is
responsible for the management of model risk across the firm. The
Model Risk Management framework provides an independent set of
controls over the key risks that are associated with the use of
models for the purposes of Citi's key businesses, including the
Institutional Clients Group and the Global Consumer businesses.
This control framework includes various aspects of model risk
management such as model governance, inventory, documentation,
validation and use. The Global Model Risk IA team has a mandate to
provide a comprehensive program of audit coverage for the firm's
model risk management framework and related controls across all
lines of business. As a member of this team, the individual will
help to design and implement the model risk audit methodology. To
successfully deliver audits, the candidate will need to partner
with the department's business, product and technology audit teams
as well as their respective business leaders.Key
Responsibilities:
Keywords: Citi, Paterson , Senior Auditor - Model Risk Management, Accounting, Auditing , Hillsdale, New Jersey
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