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Job Overview
The Head of Audit – Citibank Tanzania is a senior leadership position responsible for overseeing and managing the Internal Audit function within Citibank Tanzania. The successful candidate will be an experienced audit professional capable of navigating complex regulatory environments, building strong relationships with stakeholders both locally and globally, and providing strategic oversight of assurance activities.
The role involves conducting audits and assessments of the bank’s risk and control environment in collaboration with the global Citibank Internal Audit team. The Head of Audit will also deliver a wide range of assurance activities including audits, regulatory issue validations, business monitoring, and risk assessments across Tanzania and the broader Middle East and Africa cluster, where Tanzania operates within the bank’s regional structure.
Key Responsibilities
1. Audit Committee and Local Board Reporting
- Report to the Citibank Tanzania Board Audit Committee and provide timely, accurate, and comprehensive updates on Internal Audit activities.
- Ensure the Board Audit Committee and, where applicable, the Board of Directors receive regular reports aligned with the requirements of Banking and Financial Institutions (Internal Controls and Internal Audit) Regulations, 2014 – Regulation 21(1)(a–j).
- Present internal audit findings and governance updates during scheduled board and committee meetings.
2. Regulatory Engagement
- Serve as the main liaison with the Bank of Tanzania on audit-related matters.
- Represent the Internal Audit function in regulatory discussions and deliver required regulatory commitments.
- Advocate the bank’s operating model and compliance initiatives within the local regulatory environment.
- Maintain proactive communication with regulators, franchise management, and internal audit leadership.
- Monitor upcoming regulatory changes and adapt internal audit processes accordingly.
- Ensure all regulatory reporting requirements are completed accurately and on time.
3. Strategic Audit Leadership
- Provide strategic direction for all assurance activities and ensure alignment with global Citibank Internal Audit objectives.
- Lead and supervise assigned audits and regulatory validations, ensuring completion within set timelines and budgets.
- Manage and guide an onsite audit team, challenging management on regulatory compliance and resolution of open findings.
- Strengthen the control environment within the Tanzania franchise in response to regulatory observations and internal audit results.
- Collaborate with subject matter experts from the global audit network to address critical priorities.
- Analyze emerging regulatory risks and tailor audit scopes to meet regulatory expectations.
- Conduct both international and local audits using Citibank’s Internal Audit methodology and professional standards.
- Recommend effective solutions to mitigate risk and address control weaknesses.
4. Management Challenge and Partnership
- Provide constructive challenge to senior management to ensure robust internal control practices.
- Work closely with management to improve governance frameworks and resolve audit findings.
- Participate in governance forums such as the Country Coordinating Committee (CCC).
- Collaborate with senior leadership including the Citibank Country Officer and Banking Head (CCOBH).
- Prepare and present audit reports with actionable recommendations and corrective action plans.
Knowledge, Experience and Qualifications
- Minimum 15 years of progressive experience in audit within the financial services industry, including at least 3 years in a senior internal audit leadership role (SVP level or equivalent).
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline.
- Professional certifications such as CPA, ACCA, CIA, CISA, ACA, CFA, CAMS, or equivalent.
- Registration with the National Board of Accountants and Auditors (NBAA).
- Experience working with global teams and integrated internal audit delivery frameworks is desirable.
- In-depth knowledge of banking regulations and financial sector governance.
- Experience conducting risk-based audits and presenting results to senior management and regulators.
- Proven experience operating in highly regulated and complex environments, particularly in emerging markets.
- Prior engagement with central banks and financial regulators is essential.
- Strong understanding of audit methodologies, risk management frameworks, and internal control systems.
Required Skills
Communication and Interpersonal Skills
- Excellent written and verbal communication abilities.
- Ability to synthesize large volumes of information and present clear, concise insights.
- Strong stakeholder engagement and influencing skills across senior management, regulators, and board members.
Analytical and Problem-Solving Skills
- Advanced analytical and numerical capabilities.
- Strong proficiency in data analysis and advanced Excel tools.
- Ability to leverage Artificial Intelligence and analytics tools in audit processes.
- Strategic and forward-thinking problem-solving mindset.
Leadership and Strategic Thinking
- Proven leadership capability in managing high-performing audit teams.
- Ability to provide long-term strategic direction for the internal audit function.
Personal Attributes
- High level of integrity, ethics, and professional skepticism.
- Self-motivated with a strong work ethic and goal-oriented mindset.
Job Details
- Job Title: Head of Audit – Citibank Tanzania
- Job Family Group: Internal Audit
- Job Family: Audit
- Job Type: Full-time
Most Relevant Skills:
Control Monitoring, Data Analysis, Industry Knowledge, Issue Management, Laws and Regulations, Professional Standards, Risk Management, Root Cause Analysis.
Equal Opportunity Statement
Citibank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability status, veteran status, or any other characteristic protected by law.
