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Posted on 2 April 2020 | 2:40 pm
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Vice President - Business Risk and Control -AML & Sanctions, HYBRID
Citi
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Vice President - Business Risk and Control -AML & Sanctions, HYBRID

Citi

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Details
Posted:
November 21, 2023
Location:
Singapore, Singapore
Salary:
Open
Type:
Full Time
Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, you'll have the opportunity to expand your skills and make a difference at one of the world's most global banks. We're fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You'll also have the chance to give back and make a positive impact where we live and work through volunteerism.

Shape your Career with Citi

Citibank serves as a trusted advisor to our retail, mortgage, small business and wealth management clients at every stage of their financial journey. Through Citi's Access Account, Basic Banking, Citi Priority, Citigold and Citigold Private Client, we offer an array of products, services and digital capabilities to clients across the full spectrum of consumer banking needs worldwide.

We're currently looking for a high caliber professional to join our team as Vice President, : Compliance Business Control Officer C13 based in Singapore. Being part of our team means that we'll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:
  • Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
  • We believe all parents deserve time to adjust to parenthood and bond with the newest members of their families. That's why in early 2020 we began rolling out our expanded Paid Parental Leave Policy to include Citi employees around the world.
  • We empower our employees to manage their financial well-being and help them plan for the future.
  • Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.
  • We have a variety of programs that help employees balance their work and life, including generous paid time off packages.
  • We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.
The Compliance Business Control Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family.

In this role, you're expected to:
  • Contribute to the development, maintenance and implementation of enterprise wide standards and strategies to strengthen and enhance the Bank's Global AML Monitoring program.
  • Provides guidance to AML officers and their business partners globally in all matters affecting the program and works closely with AML Operations and Technology to ensure the most effective use of tools and resources in the Monitoring process.
  • Drives various global projects to advance the Monitoring Risk Management Program and is a key contributor to many other strategic AML initiatives.
  • Manages framework for identifying and assessing AML regulations and the AML risks for each line of business to determine appropriate risk coverage.
  • Identifies and analyzes AML risks, emerging risks, and regulations specific to transaction monitoring
  • Establishes framework to assess the AML regulations and risks to identify typologies and required monitoring controls
  • Leads Strategic Program Implementations for the Global Monitoring Risk Mangement & Policy team
  • Has the ability to operate with a limited level of direct supervision.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and /or other team members.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
As a successful candidate, you'd ideally have the following skills and exposure:
  • Competent with AML experience in financial services with a demonstrated understanding of AML relevant business domains.
  • Experience in AML Transaction Monitoring and/or AML Risk Assessment and the development and compilation of policies and procedures
  • Management experience
  • Balanced blend of analytical skills, problem solving, and reporting and communication skills
  • Ability to assess business transactions and products in terms of the associated AML risks
  • Advanced organizational skills including attention to detail, multi-tasking and following up
  • Experience using databases and other tracking tools to enforce global consistency
  • Excellent writing and presentation skills
  • Experience working collaboratively across various areas of the organization and presenting to senior management
  • Required Licensing/Registration: Series 7, Series 24,
Education:
  • Bachelor's/University degree or equivalent experience, potentially Masters degree
Job Summary

The role c ontributes to the development, maintenance and implementation of enterprise wide standards and strategies to strengthen and enhance the Bank's Global AML program & Sanctions screening activities and projects across CSL Singapore in compliance with Global, regional and local AML and Sanctions policies and regulations. Responsible for advising the business on operational implementation of new/changes to the above and regulatory requirements, and in ensuring such process control changes are executed in compliance with the requirements. Providing the business on update on the control performance on QAP and MCA and escalating any control issues with recommendation of resolution to effectively address any gaps identified.

Job Description
  • Lead and implement various program initiatives, audits and projects on AML & Sanctions across Retail Bank, Cards, Operations and all units at GCB and coordinating within CSL overall to ensure in line with OCC's, FRB's, Global/Regional and MAS requirements.
  • Ensure the consumer business is ready for audit reviews by performing health checks and coordinate for audit deliverables and responses to queries for Internal audits, Compliance testing, Regional and Global audit reviews and annual KPMG external audit.
  • Manage policy and process compliance for Individuals across Retail & Cards and in payments and transactions across all operations units. Manage data quality clean ups through digital monitoring tools and process control design.
  • Manage essential quality assurance activities such as MCA testing, Regional standard monitoring tool adoption review, Regulatory inventory mapping to GRC, Corrective Action Plans and issue management.
  • Leading & driving compliance in policy requirement on activities across the bank including CBSU, Retail Bank, Cards, and Operations.
  • Escalate issues promptly when identified and propose control action plan to appropriate management levels and resolve in a timely fashion.
  • Own data quality, while adhering to data governance standards and established data domains.
Requirements:
  • Minimum ten years in the Financial Services industry and minimum three years in Control Management-related role
  • Experienced in AML & Sanctions requirements and screening process for onboarding Retail Bank clients and Card customers and the respective risk and controls.
  • Familiar with bank process for account opening and account maintenance.
  • At least 4 years in handling AML and Sanctions audit reviews.
  • Familiar with local MAS 626 and Sanctions regulations
  • Strong communication skills dealing with senior management and business stakeholders management.
  • Project management skills and exposure to system development projects.
  • Team player who can gather cooperation and buy-ins from key business stakeholders
  • Proven people and team management skills
  • Risk-based thinking and analytical mindset
  • Ability to multi-task and manage concurrent projects and deliverables
Qualification
  • Minimum Bachelor's Degree or equivalent professional qualification
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

https://jobs.citi.com/
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Job Family Group:
Compliance and Control
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Job Family:
Business Control
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Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

View the Pay Transparency Posting

Internal Number: 20155722
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