Description:The Closing & Validation Quality Assurance (CVQA) team, part of Finance QA Testing and Validation group within the Finance Chief Operating Officer (COO) organization is responsible for the design and implementation of risk and control frameworks that span the Finance function globally. The CVQA Team manages the quality and control of documentation across the issue management lifecycle. This will include all aspects of the lifecycle from identification, planning, monitoring, and remediation and ensure that issue responses, action plans and documentation in each step are held to the highest standard.The Role and Candidate:The CVQA Lead will have responsibility for overseeing the active management of a portfolio of issues in remediation across the Finance Function. The Lead, in partnership with of Quality Control analysts, provide first line assurance of the quality and control of issue identification and remediation activities across the issue management lifecycle. This will include all aspects of the lifecycle from identification, planning, monitoring, and remediation and ensure that issue responses, action plans and documentation in each step are held to the highest standard ensuring timely and quality remediation. Issues span all sources – first, second, and third line of defense as well as supervisory agencies.The ideal candidate will demonstrate strong leadership, a good understanding of Finance process (Controllers, Treasury, Capital Management, FP&A, Tax etc) and in-depth specialty knowledge of risks, control design/implementation and IA validation methodology. Prior experience in Audit, Risk or Finance first line Control would be advantageous. Candidates will also demonstrate a good understanding and prior expertise in driving partnership required across the first, second and third lines to complete remediation effectively.Key Responsibilities:
Lead first line issues QA across the full lifecycle of a portfolio of issues across the Finance function globally.
Demonstrate QA rigor which ensure exceptional standards and quality and completeness of issue design and documentation which clearly articulate the key dimensions of the issues, corrective actions and impact on risk mitigation
Demonstrate effective review and challenge processes to ensure issue opening, monitoring and pre-validation, pre-closure reviews occur and are of high quality including root cause assessment, completion criteria, dependency evaluation, sustainability, risk reduction, action plan quality
Monitor issue remediation status to support early intervention, escalation of emerging risks to and development of course correction / path to green.
Partner with second and third line functions driving best in class interaction models through the lifecycle
Establish relationships across Finance functions to maintain to proactively monitor and understand changing priorities and emerging risks which impact issue remediation trajectory
Partner closely with issue owners, governance and control officers (GCOs) and Finance Regulatory Engagement
Conduct first line issue testing processes and capabilities as part of standardized pre validation processes, extending to self validation of self identified issues
Knowledge/Experience:
Bachelor's degree in finance, accounting or other business related field of study ideally Master's or professional qualification
15+ years or relevant experience in financial services industry including Audit, Risk, Operational Risk, Control management experience
Strong and effective leader with comprehensive understanding of audit methodology and regulatory validation and a proven track record driving Regulatory and Internal Audit issues to remediation
Strong interpersonal and people management skills with prior experience interfacing with Regulators
Ability to establish trusting relationships which facilitate respectful challenge and collaboration to focus on driving the best outcome for the function.
Job Family Group:Risk ManagementJob Family:Business Risk & ControlTime Type:Full timePrimary Location:Tampa Florida United StatesPrimary Location Full Time Salary Range:$130,880.00 - $196,320.00In 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:May 20, 2024Citi 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 (https://www.citigroup.com/citi/accessibility/application-accessibility.htm) .View the "EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) " poster. View the EEO is the Law Supplement (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .View the EEO Policy Statement (http://citi.com/citi/diversity/assets/pdf/eeoaapolicy.pdf) .View the Pay Transparency Posting (https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp%20EnglishformattedESQA508c.pdf)Citi is an equal opportunity and affirmative action employer.Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.
