Head of Audit Korea, Citi

Citi

Location:
South Korea, Seoul

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Head of Audit Korea is a senior level management position, reporting to the Japan, Asia North & Australia (JANA) Chief Auditor, responsible for contributing to the strategic direction of Citi’s Internal Audit (IA) function in Korea. The overall accountability of this role is to direct audit activities and assessments of the country’s risk and control environment for the Citibank Korea Inc legal vehicle, applying in-depth disciplinary knowledge through value-added perspectives or advisory service that is in accordance with IA standards, Citi policies and local regulations. This role is also responsible for managing a team of audit professionals.

Job Responsibility:

Responsible for the coordination and delivery of high-quality, value-add multiple concurrent risk-based audit plans on time and to specification together with the assurance for the legal vehicle in Korea
Confirms timely delivery of high-quality comprehensive regulatory and internal audit issue validation and where determined appropriate issue validation on other remediation actions
Report to the Citibank Korea Inc Audit Committee on assurance delivered and provide insights
Support and endorse the IA Quality Assurance team to address and resolve issues found by QA, improving audit processes and coverage
Taking into account emerging and established risks
industry best practices and external frameworks
legal entity and country-level regulatory requirements and an end-to-end view of the risks and controls that cross business functions, ensuring that the IA activity in Korea is sufficient and relevant to delivering timely assurance
Proactively engage and maintain an appropriate pro-active, constructive, solutions-driven relationships as the independent auditor with senior leadership including the Citi Country Officer (CCO) and teams across the Franchise and wider Citi to provide credible challenge and positively influence Citi’s culture, ethical conduct, governance, risk management and control frameworks
Develop and maintain strong working relationships with teams both within the Franchise and the IA Banking, International & Client (BIC) team, as well as across IA Product and Functions teams globally
Advises relevant management and supervisory boards and governance committees of updates on Citi’s IA strategy and other developments
presenting and gaining buy-in to forward looking risk-based audit plans, reporting on key IA activities including key risk issues and their management and/or resolution
and providing timely assurance on culture, ethical conduct and governance, risk management and control matters
Supports and contributes to managing IA’s regulatory relationships in Korea resulting in constructive two-way dialogue, trust in the IA function and general reliance being placed on the assurance delivered
act as the key point of contact for local regulators on internal audit matters
appropriately assessing risk when business decisions are made and understanding the significant risks specific to their product or function and individual role in relation to the regulations
Coordinate with external parties to support Citi’s responses for regulatory compliance, validation of regulatory issues and ensuring timelines are met and regulatory intent is addressed
Attract, motivate and develop a highly effective, diverse, talented and trusted team
Work with other IA Senior Leaders to maximize the efficiency and effectiveness of IA resources, taking into consideration the experience and location of the team, as well as leveraging different audit approaches and best practice
Identify and develop talent, providing long-term career opportunities both within IA and across other parts of Citi

Requirements:

15 years of diversified financial management experience in audit or a related role
International experience preferred within highly respected, diversified and complex institutions
Related certifications (CPA, ACA, CFA, CIA, CISA or similar) preferred
In-depth experience with the Korean regulatory environment and proven experience working with local regulators and managing regulatory audits or inspections
Extensive and hands-on experience with Korean banking regulations, including but not limited to liquidity, capital adequacy, anti-money laundering, information security, cybersecurity, and credit risk
Strong understanding of banking products, operations, and risk frameworks
Experience in working with global teams and dealing with integrated internal audit and assurance delivery
Proficient in Risk and Control analysis and audit concepts, governance, the design and operation of risk management and control frameworks in leading international organizations
An understanding of how risks and control deficiencies need to be prioritized and remediated across the first and second lines of defense

Nice to have:

Excellent communication skills – both written and verbal
Strong interpersonal skills for interfacing with all levels within the organisation and beyond, including senior management and regulators
Pragmatic problem solver, strategic and forward thinker with independence of thought
Promotes a culture of collaboration and teamwork across organizational boundaries
Self-motivated and goal orientated
Critical thinking is a key requirement of the role
An effective leader, being able to manage auditors with different experience and background, building a culture of trust and support and accountability, with a track record of identifying and developing world class talent
Outstanding performer, open minded, resilient, agile, energetic, self-starter, articulate and empathetic whilst being confident to deliver opinions to bring about positive outcomes

Additional Information:

Job Posted:
July 11, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Head of Audit Korea