Vice President , Banking In-Business Controls Lead - Malaysia / Asia South Cluster (Hybrid)

Citigroup Inc.; Kuala Lumpur; Hybrid; MYR 150,000 - 250,000; Full time

Job summary

A leading global bank seeks a Vice President for Banking In-Business Controls in Kuala Lumpur. The candidate will manage compliance risks and controls, ensuring that business practices adhere to regulatory requirements. This role is vital for maintaining the effectiveness of controls across the banking processes and requires extensive experience and leadership skills.

Benefits

Access to telehealth options

Health advocates

Confidential counseling

Learning and development resources

Qualifications

• 10+ years of experience in In-Business Risk and Controls, Compliance, or Internal Audit.
• Knowledge of Banking/Lending products, policies, and processes preferred.
• Excellent verbal and written communication skills with senior management.

Responsibilities

• Manage Compliance Risks and Policies impacting the Banking businesses.
• Oversee the Anti-Money Laundering (AML) process.
• Evaluate and validate controls through various assessments.

Skills

Analytical Thinking

Risk Management

Controls Management

Stakeholder Management

Education

Bachelor's/University degree

Master's degree preferred

Tools

Microsoft Office

Job description

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.

We’re currently looking for a high caliber professional to join our team as Vice President , Banking In-Business Controls Lead - Malaysia / Asia South Cluster (Hybrid) (Internal Job Title: Managers Control Self-Assessment (MCA) Lead Analyst - C13) based in Kuala Lumpur, Malaysia. 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.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

Citi’s Banking franchise is organized around three lines of business: Investment Banking, Corporate Banking and Commercial Banking. The unified Banking and International (B&I) organization oversees the local delivery of the full firm to clients in each of the 95 markets where Citi has an on-the-ground presence.

In this role, you’re expected to:

• Interact with all Banking business functions and stakeholders in the Country and Cluster including ICRM, ORM, Operations, and Internal Audit, to identify key Compliance Risks and Policies impacting the Banking businesses 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.
• Oversee Anti-Money Laundering (AML) / Know-Your-Customer process, including reviewing new client acquisition due diligence
• Manage and lead Issue management in ensuring timely identification, documentation, opening and closing of issues and corrective action plans, lessons learnt exercise and support read-across reviews across the Cluster.
• 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 Events/ Issues, Conduct Risk matters, Complaints and Fraud related matters (internal and external) and ensure these are promptly escalated and reported in relevant governance forums and co-ordinate the resolution.
• Provide support during audits, regulatory reviews, risk assessments and remediation work
• Monitor outsourced functions - oversight of service providers, including conducting of due diligence reviews
• Be responsible for communicating policy and regulatory changes to Banking staff including impact analysis and impart ongoing training, as needed.
• Proactively identify emerging risks and opportunities, and perform analysis of processes and controls, and make recommendations to ensure Banking team is ready and equipped to manage them as they arise
• Responsible for the Manager's Controls Assessment testing and monitoring of critical controls and ensure control weaknesses are addressed through mitigating actions.
• Evaluate, assess and validate controls through processes and tools including Quarterly Risk Assessments, Key Risk Control Indicators, and other related processes
• 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.
• Actively support the Cluster B&I In-Business Controls Head in risk and controls framework/activities holistically for the Asia Cluster(s).
• Build synergies between Citi Commercial Bank and Corporate Bank by ensuring best practice sharing and collaborating on matters that are common to both lines of business within Banking.

As a successful candidate, you’d ideally have the following skills and exposure:

• 10+ years of experience within In-Business Risk and Controls, Compliance, Internal Audit or Operational risk management
• Knowledge of Banking/Lending/Services products, policies and processes will preferred
• Ability to identify, measure and manage key risk and controls and strong knowledge in development and execution of controls
• Ability to balance regulatory/policy requirements with business realities and pain points
• Experience working in a global, dynamic environment with strong influencing, persuasion skills
• Excellent verbal and written communication skillswith a demonstrated ability to engage at senior management level
• Must have analytical inquisitiveness, solutions-oriented approach and 'problem-solving' abilities
• Knowledge of local regulatory landscape, laws, rules and regulations.
• Ability to work independently, handle time-sensitive and complex matters and make decisions in a balanced manner
• Proficiency in Microsoft Office, particularly Excel, Word and PowerPoint
  

Education:

• Bachelor's/University degree, Master's degree preferred

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 https://jobs.citi.com/dei

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Job Family Group:

Controls Governance & Oversight

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Job Family:

Managers Control Self-Assessment

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Time Type:

Full time

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Most Relevant Skills

Analytical Thinking, Assessment, Business Insights, Communication, Constructive Debate, Controls Lifecycle, Controls Management, Data Quality Management, Risk Management, Stakeholder Management.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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