HK IA - Senior Audit Manager, Market Risk Management, SVP

Hong Kong
14 Aug 2017
16 Aug 2017
Contract Type
  • Primary Location: HK,Hong Kong,Hong Kong
  • Education: Bachelor's Degree
  • Job Function: Audit
  • Schedule: Full-time
  • Shift: Day Job
  • Employee Status: Regular
  • Travel Time: Yes, 25 % of the Time
  • Job ID: 17053027


  • Internal Audit is a global organization of over 1900 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. IA is a change agent within Citi to enhance the control culture of Citigroup worldwide and thereby support senior management decision making around the world.
  • As a member of the Risk Audit Team, the individual will work on the execution of specific audit tasks and work in close co-ordination with all Internal Audit teams in accordance with the matrix responsibility. The individual will be expected to leverage the product/functional expertise of the Global IA team and be execution focused. The candidate may be expected to travel.
  • Citigroup's Market Risk function is a component of the company's Independent Risk Management Organization. Market Risk is tasked with providing an independent set of controls over the market risks that are entered into by the Citi Trading and Investment businesses. This includes oversight of the governance, measurement and monitoring of market risks.
  • This position will be based in Hong Kong.


Job Responsibilities:
  • Working with the Lead Auditor for Market Risk in Asia, the individual will take part in the execution of elements of complex risk based audits as set out in the annual plan
  • Act as Audit Controller for Market Risk based audits in Asia as set out in the annual plan
  • Assist business audit teams in the auditing and monitoring of market risks in Asia region
  • Assist in developing the audit universe for the areas experienced, ensuring insightful and current risk assessment on an ongoing basis through business monitoring
  • Participate in the execution and reporting of audits performed through pro-active engagement with stakeholders
  • Ensure that potential issues are raised promptly and collaboratively to IA and business management with a view to identifying the most viable, pragmatic and sustainable conclusion to mitigate the risk
  • Develop and maintain effective relationships with key Risk managers and staff as well as local business and supporting contacts
  • Gain knowledge and keep abreast of industry developments, new laws, rules, products, technologies and applications and considers implications for the business and audit universe and plan
  • Working with the Lead Auditor, develop training on market risk to share with Internal Audit team
  • Work collaboratively with Internal Audit teams in the Citi matrix for all assigned responsibilities
  • Master's Degree preferred but not required
  • Professional qualification (Finance, Risk Management or similar professional Audit qualification)
  • Extensive knowledge of financial markets with a broad understanding market risk concepts and measurement of risks
  • Experience as a Market Risk Manager at a major financial institution is preferred
  • Experience in auditing financial services organizations or relevant market risk management experience in products offered is required
  • Knowledge of model risks including quantitative skills in understanding model validations
  • Ability to speak and read and write Mandarin strongly preferred
  • Possess data analysis and/or technical skills to analyze data utilizing automated tools and help identify problems would be an advantage
  • Knowledge of MS Office functions with advanced Excel, Access and Viseo skills to perform data analysis/test automated controls
  • Knowledge of audit software (IDEA, ACL, and SQL) is also beneficial
  • Good interpersonal, judgment and decision making skills
  • Good organizational skills and ability to work proactively without close supervision
  • Ability to work to deadlines
  • Team player, able to build and leverage relationships across the organization