Compliance Risk Officer

1 day ago

Singapore 11112 Citibank, N.A. Singapore Full time

Shape Your Career with Citi

Citi's Global Legal Affairs and Compliance (GLAC) empowers and protects Citi by providing legal, compliance, investigative, and security services to our firm. We manage compliance risk, provide legal analysis and advice, protect Citi's people and businesses, advocate for legal and regulatory outcomes that benefit our firm and our clients, and ultimately promote behavior that is consistent with Citi's mission and culture.

We're currently looking for a high-caliber professional to join our team as Vice President, Compliance Testing Officer - VP Wealth - Hybrid (Internal Job Title: Compliance Testing Officer - C13) based in Singapore. As a Compliance Risk Officer for Independent Compliance Risk Management (ICRM)'s Testing team, you'll be responsible for assessing compliance risks and controls implemented by the first and second line of defense. You'll also perform risk assessments of Citi's compliance risks, conduct independent testing activities to assess the design and effectiveness of key controls, and report and escalate control issues and any violations of laws or breaches of policy.

In this role, you'll:

  • Develop, implement, and execute compliance testing, continuous assurance, and reporting programs within an assigned region in accordance with the Compliance Testing (CT) Plan.
  • Participate in the planning, executing, and reporting of compliance testing reviews and compliance and regulatory issue validation activities for a component of a product line, function, or legal entity within an assigned region in accordance with CT Plan.
  • Analyze and document report findings and have preliminary discussions with corresponding control/process owners.
  • Assist with development of Compliance Testing Risk Assessments, Monitoring Monthly, and Quarterly Summaries and the development and enhancement of the Compliance Testing Methodologies and Standards for auditing, testing, monitoring, and reporting.
  • Utilize innovative compliance testing solutions, including Data Analytics, to increase value and reduce costs of compliance-related activities.
  • Develop effective relationships within CT function and with other stakeholders, including Business process owners and Internal Audit function.
  • Identify industry best practices and share insights with the CT teams on a regular basis.
  • Inform CT management of significant compliance matters that require their attention or action.
  • Identify compliance training resources and tools available centrally to support country/business compliance programs training and research needs.
  • Additional duties as assigned.

As a successful candidate, you'll ideally have:

  • 6-10 years of experience in Financial Services Industry, particularly wealth advisory and retail investments.
  • Experience in planning, executing, and reporting on compliance testing reviews and regulatory issue validation activities.
  • Knowledge and extensive experience with auditing principles, including audit planning, risk assessments, development of risks and controls matrices, processes and controls design assessments, controls effectiveness testing, transactional access segregation of duties, transactional testing, surveillance systems, and reporting activities.
  • Knowledge of Compliance laws, rules, regulations, risks, and typologies and private banking-related requirements.
  • Understanding of rules, laws, and regulations, and specific regulatory requirements within the Singapore/Hong Kong securities framework to include MAS/HKMA, et al.
  • Demonstrated knowledge in Wealth businesses, including retail brokerage and private banking. Investment Advisory and Insurance background a plus as are securities licenses.
  • Excellent oral communication and writing skills in interacting with non-executives and executive management across a number of business lines and control functions.
  • Strong interpersonal skills for building strong relationships with stakeholders with the ability to work collaboratively at all levels of the organization.
  • Ability to work collaboratively and independently; ability to navigate a complex organization.
  • Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues, and strength in sustaining independent views.
  • Must be a self-starter, flexible, innovative, and adaptive.
  • Advanced analytical skills.
  • Excellent project management and organizational skills and capability to handle multiple projects at one time.
  • Proficient in MS Office applications (Excel, Word, PowerPoint).
  • Willingness to travel.
  • Education:
  • Bachelor's/University degree, Master's degree preferred.
  • Bachelor's degree; experience in compliance, legal, or other control-related function in the financial services firm, regulatory organization, or legal/consulting firm, or a combination thereof; experience in area of focus; Advanced degree a plus.
  • Financial services or banking industry credentials/certifications (CFE, ACAMS, CRCM, etc.) a plus.

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community, and make a real impact.

Take the next step in your career, apply for this role at Citi today

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