22460529 Compliance Business Control Officer

**Location**
- Singapore, Central Singapore**Job Type**
- Full Time**Salary**
- $12,000 - $19,000 Per Month**Date Posted**
- 3 hours agoAdditional Details

**Job ID**
- 107398**Job Views**
- 1Roles & Responsibilities

**Key Responsibilities**:

- Work with the Regional Retail Bank team to execute a robust control and governance framework for Insurance Products across Asia and EMEA markets. Enhance the focus on controls and governance related to Insurance products, to ensure that controls are keeping in pace with the evolving business landscape.
- Work with Regional counterparts (E.g.: KL COE, IPR, AML, Compliance, Legal) to provide oversight and help develop effective surveillance and monitoring parameters, including but not restricted to sales surveillance, customer pre/post-purchase call backs, customer complaint monitoring, etc.
- Work with Regional Retail Bank team to develop standards and enhance implementation procedures around Insurance Product Risk, Insurance sales surveillance for APAC/EMEA Retail Bank
- Coordinate with Regional/country technology and product teams to ensure successful implementation of new regulatory/Citi policy requirements related to Insurance product launches.
- Participate in Insurance DPAC (Distributed Product Approval Committee) during product and provider approvals, and quarterly Insurance supervisory committees/meetings to update Sales Surveillance trends, MCA (Managers Control Assessments), escalate significant issues and help in standardization of key control processes etc
- Drive critical Insurance MCA program enhancements through alignment with evolving risks, lessons learnt, integrating it with KAAC (Key Automated Application Controls) and Digital Monitoring Tools (DMT), including ensuring the mapping of the Regulatory Control Matrix to the MCA, is comprehensive.
- Provide summarized update to Regional and Country Heads/Seniors on Retail Control Updates including Internal Audit, Compliance Assurance, Regulatory Examinations, summarized focus areas, incidents and ongoing initiatives for Insurance Product.
- Work with Retail Bank team to identify and track potential Key Indicators (KI), aligned to respective Key Operational Risks (KOR) on matters related to Insurance.
- Help drive a strong control culture and ensuring permanent controls readiness through proactive risk and issue self-identification.
- Providing advisory and support to the Retail Bank team on Compliance Monitoring, Internal Audit reviews and regulatory exams on matters related to Insurance.
- Refining and augmenting the Regional Consumer Control Procedure Manual (RCCPM) to align with business strategy and cater for changes arising from evolving issues, trends and emerging risks.
- Performing root cause analysis on significant control breaks and sharing lessons learned with the country and region teams.
- Performing targeted Peer Reviews with teams of regional and country process, function and control Subject Matter Experts to perform onsite reviews with the support of local management.
- Support the Retail Bank Transformation and strategic initiatives to ensure that risk and controls are adequately managed and included prior to implementation.
- Active participation in Global initiatives and work groups representing Asia GCB.

**Qualifications**
- Bachelor / Master degree
- Strong strategic, analytical and product management (Investment, Insurance and Liabilities) skills
- Minimum 10+ years of experience.
- Good working knowledge of Insurance products.
- Good understanding of various Branch, digital and other customer engagement channels
- Strong Stakeholder Management Skills (e.g. communication, influencing skilled & negotiation)
- Strong people skills
- Strong interpersonal skills, situational awareness and emotional intelligence
- Job may require some travel

Tags

22460529

compliance

business

control

officer

vp