Finance Controls Testing Team Leader SVP
The Global Functions Control Testing Utility, within the COO organization's Central Controls Capabilities, is responsible for assessing and testing controls 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, adapting 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, ensuring operational efficiency objectives are met.
Responsibilities:
- Design and execute 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).
- Lead a team responsible for assessing Finance control design, Control Testing tools, developing Control Testing Procedures, transitioning control testing to centralized testing units, dispositioning exceptions, and developing and communicating insights to Finance Stakeholders.
- Resource management including forecasting, controls test transitioning, and training for the team.
- Represent Finance Control Testing in Operational Risk Forums (ORF) and at senior management meetings, contributing to forum/meeting materials as required.
- Develop and drive quality check and credible challenge routines to ensure compliance with all relevant policies and operating guides for owned activities and control testing.
- Support 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.
- Maintain relationships and drive 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 supervising the activity of others and creating 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 of Internal Controls and MCA (Managers Control Assessment) frameworks and processes.
- Advanced skills in MS Word, MS Excel, MS PowerPoint, and MS SharePoint.
- Experience with 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.
Job Family Group: Risk Management
Job Family: Business Risk & Control
Time Type: Full time
Primary Location: Tampa, Florida, United States
Primary Location Full Time Salary Range: $130,880.00 - $196,320.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Anticipated Posting Close Date: Oct 07, 2024
Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity, review Accessibility at Citi .
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