Citi India | Product Controls Senior Analyst - Audit and Exam Management

Responsibilities

• Individuals in Product Controls are responsible for establishing, managing, and mitigating operational, compliance, and regulatory risks across various business lines and products.
• The C12 Assistant Vice President, Audit Prep and Regulatory Review Management team, is a key individual contributor or team lead responsible for supporting the execution of Business and function specific Audit Prep and Regulatory Review Management activities.
• This role involves performing detailed quality reviews, supporting project execution, and ensuring adherence to established policies and standards for issue resolution and audit and regulatory stakeholder engagement.
• Contribute to the oversight of the MCA program, including performing daily/weekly testing scripts and compiling monthly reporting data.
• Perform assessment activities and testing processes as per required Policies, Standards, and Procedures to strengthen risk management quality.
• Participate in issue quality reviews, verifying that logged corrective action items comply with Issue Management Policy standards.
• Develop standardized risk and control testing reports to ensure sound, reliable, and consistent data exists for team leaders.
• Prepare and organize documentation for internal and external audits and regulatory reviews, participate in walkthroughs, and assist in drafting responses to examiner requests.
• Conducts detailed quality reviews of Audit Prep and Regulatory Review Management documentation, root cause analyses, remediation plans, and control assessment evidence, ensuring accuracy and completeness.
• Supports the execution of initiatives within the Audit Prep and Regulatory Review Management by providing analytical input that enhances processes and controls.
• Collaborates with business partners and functional teams to gather necessary information, clarify remediation details, and ensure adherence to issue management policies and standards for Audit Prep and Regulatory Review Management.
• Identifies and analyzes issue trends and insights to support broader remediation efforts and process improvements for Audit Prep and Regulatory Review Management.
• Reviews new or enhanced controls and one-time actions within corrective action plans, evaluating their design and effectiveness.
• Identifies potential process inefficiencies or control gaps related Audit Prep and Regulatory Review Management and proposes solutions to management.
• Maintains a strong understanding of relevant policies, standards, and regulatory expectations related to issue management and internal audit.
• Prepares reports and presentations on Audit Prep and Regulatory Review Management review findings and remediation status for various stakeholders.
• Help assess the effectiveness of existing controls, executing routine control testing checklists and identifying potential exceptions.
• Help drive control testing enhancements focused on increasing operational execution efficiency and reducing process-level risks.
• Help assist in the execution of the Enterprise Risk Management Framework and verify personal adherence with Risk Management and Compliance Policies.
• Help assist in the execution of the MCA program in accordance with the ORM Policy & Framework, as well as applicable Policies, Standards, and Procedures.
• Help with the coordination and administrative management of issues and corrective action plans with key stakeholders.

Skills

• 8+ years of experience in operational risk management, compliance, audit, regulatory or other control-related functions in the financial services industry.
• Understanding of compliance laws, rules, regulations, and corporate Policies and Standards; appreciation of Wholesale Credit Risk (WCR) policies and processes is a must.
• Strong analytical, organizational, and problem-solving skills, with meticulous attention to detail.
• Strong knowledge in the development and execution of control testing workpapers and testing evidence collection.
• Ability to work effectively in a team environment and collaborate with various stakeholders.
• Good understanding of risk and control frameworks and their practical application.
• Excellent written and verbal communication skills for clear and effective documentation and interaction.
• Familiarity with Citi's internal audit and regulatory issue management processes and systems is a plus.

Citi

Citi is the global bank of Citigroup Inc., one of the world's largest financial institutions, serving corporations, governments, institutions and individuals in about 160 countries and jurisdictions. Citigroup's shares trade on the New York Stock Exchange.

In India, where Citi has been present since 1902, the bank focuses on institutional banking, corporate and investment banking, markets and securities services, alongside large shared-services, technology and operations teams that support its businesses worldwide. Finance, controllership, risk, regulatory reporting, audit, treasury, taxation and compliance roles are regularly hired for across its India offices, and CA, CMA, CFA and MBA (Finance) profiles are common in them.

• Industry: Global banking and financial services
• Headquarters: New York, USA (Citigroup Inc.)
• In India: Operating in India since 1902, with institutional banking and markets businesses plus large technology, services and operations centres in cities including Mumbai, Pune, Chennai, Gurugram and Bengaluru