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Audit Manager I - C13 - Job Opportunity at Citi

Mississauga, Canada

Full-time

Mid-level

Posted: July 19, 2025

On-site

CAD 95,000 - CAD 130,000 annually, reflecting the mid-level management position within a global financial institution in the Greater Toronto Area market. Citi's compensation typically includes performance-based bonuses ranging from 15-25% of base salary, plus comprehensive benefits package valued at approximately CAD 15,000-20,000 annually.

Benefits

Comprehensive professional development opportunities in one of the world's largest financial institutions

Access to global career mobility within Citi's extensive international network

Exposure to cutting-edge audit technologies and methodologies

Leadership development through team management responsibilities

Cross-functional collaboration opportunities with senior business leaders

Key Responsibilities

Drive strategic audit execution by developing, executing and delivering comprehensive audit reports that directly impact organizational risk management and regulatory compliance

Lead critical business monitoring initiatives through quarterly summary reviews, serving as the primary quality assurance gateway for all audit assessments

Orchestrate cross-business collaboration to assess control environment impacts and shape enterprise-wide audit strategies

Manage comprehensive audit operations for significant product lines, functions, or legal entities, directly influencing regional and country-level risk posture

Lead and develop high-performing audit teams through comprehensive expertise application and strategic guidance

Drive organizational transformation by advising on change initiatives while advancing integrated auditing concepts and technology adoption

Shape corporate strategy through risk intervention recommendations, solution development for control problems, and partnership with senior leadership on enterprise-wide issues

Apply specialized expertise in Internal Audit standards, policies and regulations to drive excellence in specific product or functional areas

Requirements

Education

Bachelor's/University degree, Master's degree preferred

Experience

6-10 years of relevant experience

Required Skills

Control Monitoring Data Analysis Industry Knowledge Issue Management Laws and Regulations Professional Standards Risk Management Root Cause Analysis Effective comprehension of business side of audit function Subject matter expertise regarding technology application Effective verbal, written and negotiation skills Effective project management skills Effective influencing and relationship management skills Demonstrated ability to remain unbiased in a diverse working environment

Certifications

CPA, ACA, CFA, CIA, CISA or similar preferred

Sauge AI Market Intelligence

Industry Trends

Financial services audit functions are experiencing unprecedented transformation driven by regulatory technology (RegTech) adoption, with organizations investing heavily in automated monitoring systems and data analytics platforms to enhance audit efficiency and effectiveness. This shift is creating demand for audit professionals who can bridge traditional audit expertise with technological proficiency. The Canadian financial services sector is undergoing significant regulatory evolution following recent banking sector consolidation and enhanced oversight requirements from OSFI (Office of the Superintendent of Financial Institutions). This regulatory intensification is driving increased investment in internal audit capabilities and creating sustained demand for experienced audit managers. Post-pandemic risk management has evolved to encompass operational resilience, cybersecurity, and ESG (Environmental, Social, and Governance) factors as core audit focus areas. Financial institutions are restructuring their audit functions to address these emerging risk categories while maintaining traditional financial and operational audit excellence. Global financial institutions are implementing integrated audit approaches that combine first, second, and third lines of defense more effectively. This trend is creating opportunities for audit professionals who can work across traditional silos and contribute to enterprise-wide risk management strategies.

Role Significance

Typically manages a team of 3-6 audit professionals including senior auditors and audit associates, while also coordinating with cross-functional teams across multiple business units. The role involves matrix management relationships with audit specialists and business stakeholders across regional operations.

This intermediate management role represents a critical junction in audit career progression, combining hands-on audit execution with team leadership and strategic business advisory responsibilities. The position demonstrates significant trust from the organization, with direct influence on risk management decisions and regulatory compliance outcomes.

Key Projects

Leading comprehensive business line audits covering retail banking, commercial lending, or investment services operations with multi-million dollar risk exposure assessments Managing regulatory examination preparedness initiatives including coordination with external regulators and internal stakeholder alignment Implementing audit technology solutions including data analytics tools, continuous monitoring systems, and automated reporting platforms Conducting enterprise risk assessments covering operational, credit, market, and compliance risks across multiple jurisdictions

Success Factors

Developing sophisticated risk assessment capabilities that enable proactive identification of emerging threats while balancing business enablement with control effectiveness. Success requires the ability to translate complex risk scenarios into actionable business recommendations that senior leadership can implement strategically. Building influential relationships across all organizational levels, from front-line business personnel to C-suite executives, while maintaining the independence and objectivity essential to effective audit function. This involves mastering the delicate balance between being a trusted business advisor and an objective risk assessor. Demonstrating technological fluency in modern audit tools and methodologies, including data analytics, continuous monitoring, and automated testing procedures. The ability to leverage technology for audit efficiency while maintaining audit quality standards is becoming increasingly critical for career advancement. Cultivating change management expertise to guide organizations through audit findings remediation and control enhancement initiatives. Success requires the ability to influence without direct authority and to drive sustainable improvements in risk and control environments.

Market Demand

High demand driven by regulatory compliance requirements, digital transformation initiatives in financial services, and the critical nature of risk management functions in major banking institutions. The specialized skill set combining audit expertise with technology understanding creates strong market positioning.

Important Skills

Critical Skills

Risk Management expertise is absolutely essential as it forms the foundation of all audit activities, requiring deep understanding of credit, market, operational, and compliance risks. This skill directly impacts the organization's ability to identify, assess, and mitigate potential threats to business objectives and regulatory compliance. Data Analysis capabilities are increasingly critical as audit functions become more technology-driven and data-centric. The ability to analyze large datasets, identify patterns, and draw meaningful conclusions directly impacts audit efficiency and effectiveness while enabling proactive risk identification. Industry Knowledge of financial services regulations, products, and market dynamics is fundamental to audit credibility and effectiveness. This knowledge enables auditors to ask the right questions, assess risks appropriately, and provide valuable business insights that go beyond compliance checking. Professional Standards mastery including internal audit standards (IIA), regulatory requirements, and industry best practices is non-negotiable for audit managers who must ensure all work meets required quality standards and regulatory expectations.

Beneficial Skills

Technology application skills including familiarity with audit management systems, data analytics tools, and emerging technologies like artificial intelligence and machine learning, which are increasingly important for audit efficiency and competitive advantage. Cross-cultural communication and international business understanding, given Citi's global operations and the increasing importance of cross-border regulatory coordination and risk management in multinational financial institutions.

Unique Aspects

The C13 designation indicates a specific level within Citi's global compensation and responsibility framework, providing clear career progression pathways and standardized development expectations across the organization's international operations.

This role offers unique exposure to Citi's integrated audit approach, combining traditional financial auditing with technology risk assessment, operational resilience evaluation, and regulatory compliance verification across multiple jurisdictions.

The position provides access to Citi's proprietary audit technologies and methodologies, including advanced data analytics platforms and continuous monitoring systems that represent industry-leading practices in financial services auditing.

Located in Canada's financial hub, this role offers exposure to both domestic Canadian banking regulations and international financial services requirements, providing valuable cross-border regulatory expertise.

Career Growth

Progression to Senior Audit Manager typically occurs within 3-5 years with demonstrated performance excellence, while advancement to Director-level positions generally requires 5-8 years of continued development and expanded scope of responsibility.

Potential Next Roles

Senior Audit Manager or Director positions within Citi's global audit organization, typically involving broader geographic or functional responsibility Chief Audit Executive roles at mid-sized financial institutions or regional banking organizations Risk Management leadership positions including Chief Risk Officer or Deputy CRO roles Regulatory Affairs leadership positions with banking regulators or consulting firms specializing in financial services compliance

Company Overview

Citi

Citi operates as one of the world's largest and most globally integrated financial services organizations, serving consumers, corporations, governments and institutions across more than 160 countries. The company's Canadian operations represent a significant component of its North American strategy, focusing on institutional banking, capital markets, and wealth management services.

Citi maintains a dominant position in global banking with approximately $2.4 trillion in assets and leading market positions in investment banking, trading, and cash management services. In Canada, Citi operates as a key player in the institutional banking market while maintaining a smaller but strategic presence in retail financial services.

The Mississauga location serves as Citi's primary Canadian operational hub, supporting both domestic Canadian operations and serving as a regional center for North American back-office and audit functions. This positioning provides significant exposure to international operations and cross-border banking activities.

Citi emphasizes a performance-driven culture with strong focus on diversity, inclusion, and professional development. The organization is known for its commitment to internal mobility, comprehensive training programs, and exposure to global financial markets through its extensive international network.

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Audit Manager I - C13 - Job Opportunity at Citi

Benefits

Key Responsibilities

Requirements

Education

Experience

Required Skills

Certifications

Sauge AI Market Intelligence

Industry Trends

Role Significance

Key Projects

Success Factors

Market Demand

Important Skills

Critical Skills

Beneficial Skills

Unique Aspects

Career Growth

Potential Next Roles

Company Overview

Citi

Data Sources & Analysis Information

Job Listings Data

Sauge AI Market Intelligence