Shape your Career with Citi
Citi’s Banking franchise is organized around three lines of business: Investment Banking, Corporate Banking and Commercial Banking. The unified Banking and International organization oversees the local delivery of the full firm to clients in the markets where Citi has an on-the-ground presence.
Citi Commercial Bank (CCB) is a solutions-led business for the demands of mid-sized and emerging corporates. We’re currently looking for a high caliber professional to join our team as Assistant Vice President, In Business Operational and Compliance Risk – Hybrid, covering Singapore.
In this role, you’re expected to:
- Interact with all CCB business functions and stakeholders, including ICRM, ORM, Operations, and Internal Audit, to identify key Compliance Risks and Policies impacting the Commercial business and working closely with the front line and support staff to ensure execution of key controls
- Promote a strong culture of risk and control awareness and compliance with policies and requirements in CCB
- Oversee Anti-Money Laundering (AML) / Know-Your-Customer process, including reviewing new client acquisition due diligence
- Evaluate, assess and validate controls through processes and tools including Quarterly Risk Assessments, Key Risk Control Indicators, and other related processes
- Manage key risk and control initiatives and various initiatives to strengthen controls, compliance with key regulations, efficiency of processes etc
- Act as a first escalation point for complaints and fraud related matters (internal and external)
- Provide support during audits, regulatory reviews and remediation work and facilitate assessments of issues to proactively identify and mitigate risks
- Support the management of issues in ensuring timely identification, documentation, opening and closing of issues and corrective action plans, lessons learnt exercise
- Be responsible for communicating policy and regulatory changes to CCB staff including impact analysis and training, as needed
- Proactively identify emerging risks and opportunities, and perform analyses of processes and controls, and make recommendations to ensure CCB is ready and equipped to manage them as they arise
As a successful candidate, you’d ideally have the following skills and exposure:
- 5+ years of experience within In-Business Risk and Controls, ICRM, Internal Audit and/or compliance or operational risk management
- Knowledge of Commercial bank’s products, policies and processes will be preferred
- Ability to balance regulatory/policy requirements with business realities and pain points
- Excellent verbal and written communication skills
- Must have analytical inquisitiveness and problem-solving ability
- Must be a team player and be able to work collaboratively with key partners within and outside of CCB, e.g. cross-functional groups such as ICRM, Operations and Technology
