Nafasi ya kazi :- Head of Audit Job Vacancy at Citi

Head of Audit

Citi 

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Job Overview

The Head of Audit for Citibank Tanzania is a leadership role responsible for overseeing and managing the Internal Audit function within Citibank Tanzania. The successful candidate will be a seasoned audit professional capable of navigating intricate regulatory landscapes, fostering strong relationships with key stakeholders including locally in the country and the Group, and providing strategic oversight of assurance efforts.

The individual is responsible for performing audits and assessments of Citibank Tanzania’s risk and control environment in coordination with the Citibank Internal Audit team. The individual will be responsible for delivering a range of assurance activities including audits, audit and regulatory issues validations, business monitoring, and risk assessment for the country and within the Middle East and Africa cluster, which Tanzania is part of.

Responsibilities

Audit Committee and Local Board Reporting:

As Head of Audit – Citibank Tanzania, report to the Citibank Tanzania Board Audit Committee, ensuring the Citibank Tanzania Board Audit Committee and, where applicable, the Citibank Tanzania Board of Directors receives prompt, timely, and complete information relating to the activities of Citibank Internal Audit as part of governance forums and regular updates in line with duties specified under Banking and Financial Institutions (Internal Controls and internal Audit) 2014, Regulations 21(1) (a)-(j) .

Regulatory Engagement:

• Act as the primary liaison with the Bank of Tanzania (BoT) on audit matters.
• Effectively advocate the Citibank’s operating model and compliance efforts within the local regulatory context and deliver regulatory commitments.
• Ensure awareness of upcoming regulatory changes impacting the Citibank Internal Audit function and adapt processes accordingly.
• Represent Citibank Internal Audit function in discussions with regulators within the country, delivering regulatory commitments.
• Ensure constructive engagement, proactive information sharing, and effective communication between the Citibank Internal Audit chain, Citibank Tanzania Board Audit Committee, Franchise management, and the Regulator.
• Complete regulatory reporting on time.

Strategic Audit Leadership:

• Provide strategic oversight of all assurance efforts, ensuring alignment with Citibank and Citibank Internal Audit’s long-term goals.
• Lead, provide supervision, and deliver assigned audits and regulatory validations on time and within budget.
• Lead and direct an onsite audit team, providing effective check and challenge to management on regulatory compliance and the resolution of open findings.
• Drive the enhancement of the control environment within the franchise, responding to observations from the BoT and internal audits.
• Partner with the Citibank Internal Audit Subject Matter Expert teams to ensure alignment and focus on critical priorities.
• Analyze the regulatory landscape, including emerging key risks, and tailor audit scope to regulatory expectations.
• Perform International and local country audits, applying Citibank’s Internal Audit Methodology and professional standards.
• Recommend appropriate solutions to mitigate risk and control weaknesses.

Management Challenge & Partnership:

• Effectively challenge Citibank Tanzania management ensuring robust control practices.
• Partner with management in their efforts to improve and maintain a sound control environment, addressing open audit findings and regulatory observations.
• Attend and contribute at local governance forums such as the Country Coordinating Committee (CCC), effectively communicating Citibank Internal Audit activities, and partnering with country management including the Citibank Country Officer and Banking Head (CCOBH).
• Draft audit reports, present findings to management and business units, and recommend actionable corrective action plans.

Knowledge, experience, and qualifications:

• Minimum 15 years of progressive experience in Audit within the financial services industry, with at least 3 years in a senior Internal audit leadership position at SVP grade level or equivalent.
• Minimum Bachelor’s degree (BA/BS or equivalent) in Accounting, Finance, Business Administration, or a related field.
• Higher degree or relevant professional certifications (e.g., CPA, ACCA, CIA, CISA, ACA, CFA, CAMS or similar and be registered with the National Board of Accountants and Auditors.
• Experience in working with global teams and dealing with integrated internal audit and assurance delivery is desirable.
• Deep expertise and understanding of the banking sector and banking regulations.
• Prior experience in conducting risk-based audits and presenting results to management and regulators.
• Proven track record in complex and highly regulated environments, particularly within emerging markets.
• Experience in engaging with central banks and financial regulators is essential.
• Comprehensive understanding of audit methodologies, risk management frameworks, and internal control principles.

Skills:

Communication & Interpersonal Skills: Excellent communication (written and verbal) skills, with the ability to digest vast amounts of information and succinctly present messages.
Exceptional interpersonal and influencing skills for interacting with and influencing stakeholders at all levels, including Internal Audit senior management, Franchise management, Citibank Tanzania Board Audit Committee, and regulators, maintaining a proactive and ‘no surprises’ approach in communicating issues/requests.
Analytical & Problem-Solving Skills: Superior analytical, Artificial Intelligence, and numerical skills, including advanced Excel proficiency. High level of analytical rigor in formulating objectives and measuring results.
Pragmatic problem solver with independent thinking and a forward-looking mindset.
Leadership & Strategic Thinking: Strong leadership capabilities. Strategic thinker with the ability to provide long-term vision and direction for the audit function.
Personal Attributes: High degree of integrity, ethics, professional skepticism, self-motivation, and a goal-oriented strong work ethic.

Most Relevant Skills

Control Monitoring, Data Analysis, Industry Knowledge, Issue Management, Laws and Regulations, Professional Standards, Risk Management, Root Cause Analysis.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

How to Apply:

CLICK HERE TO APPLY