New Citi unit to bring jobs to Wilmington – Delaware Business Times

Citi is bringing new jobs to Wilmington to perform internal audits of the multinational bank. | PHOTO COURTESY OF CBRE/COSTAR GROUP

WILMINGTON – The multinational banking giant Citi is bringing new jobs to Wilmington after expanding its internal auditing team, officials announced Thursday.

Citi will reportedly add more than 100 positions in its internal auditing team, split between Wilmington and its Jacksonville, Fla., offices. Earlier this year it also hired such teams to work out of New York; Tampa; and Irving, Calif.

Company officials did not immediately respond to a request for comment Thursday regarding exactly how many of those positions would end up in Delaware, but the bank is already actively recruiting for the roles, according to online job application sites. Citi already employs about 2,800 in the First State.

Citi’s internal audit team is a global organization of more than 2,000 who provide coverage across the company’s global businesses and products. The team provides independent assessments of the company’s governance, risk management and internal controls, and regularly reports to key stakeholders, including Citi’s senior management and regulators globally.

Citi reportedly chose Wilmington and Jacksonville to “leverage and build upon its existing presence, infrastructure and capabilities, and to attract the professional resources available in both cities.”

“This is a very exciting time for Citi Internal Audit, which serves a vital role in ensuring safe and sound operations as we continue to meet the growing needs of our global business,” said Jessica Roos, chief auditor of Citi, in a statement announcing the new jobs. “We look forward to bringing talented, diverse and solutions-oriented individuals on board to join our team, who will become trusted partners to our businesses across Citi and help deliver on our work to foster a best-in-class risk and controls environment.”

Citi has been quietly building a foundation in New Castle County over the past two years, having renewed its lease at the Brandywine Building in downtown Wilmington for 69,000 square feet in 2020 and earlier this year buying its longtime Delaware Operations Center from the county government for $10 million.

The job additions come as Wilmington has seen a large growth in financial services and fintech roles over the past year. Barclays will hire more than 600 to fill call center and core product positions as it invests in its Riverfront headquarters. Meanwhile, fintech startup Investor Cash Management (ICM) announced the arrival of its headquarters to Wilmington this week, bringing nearly 400 jobs along with it.