Citi GF - Control Officer – Testing / Vice President in Singapore, Singapore

  • Primary Location: Singapore,Singapore,Singapore

  • Education: Bachelor's Degree

  • Job Function: Compliance and Control

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 17034900

Description

Function Background

Citi’s Compliance organization proactively identifies, assesses reports and mitigates compliance and reputational risks across business lines, products, legal entities and jurisdictions to the benefit of our franchise, customers and employees. Compliance sets standards, and uses an enterprise-wide compliance risk management approach in partnership with the business and other Global Functions to drive a strong culture of compliance and control, and support the principles of Responsible Finance. Compliance Testing, one of the pillars of Compliance Assurance together with Monitoring and Surveillance; aims to provide business owners with assurance that the firm has effective controls to allow it to comply with relevant rules and regulations. The APAC Compliance Testing Team (‘Compliance Testing’ or ‘CT’) is part of Citi’s Global Compliance Testing function and comprises teams structured to support geographical as well as functional coverage.

The Compliance Testing Business Desk Review Team forms part of the APAC Core Compliance Testing Team and has been created to support the execution of reviews of sales and trading global Markets and Securities Services (MSS) activities to satisfy regulatory requirements to assess the effectiveness of controls established to mitigate conducts risks.

Job Purpose

The Business Desk Review Specialist (Control Officer –Testing) will be responsible for managing the execution of complex reviews within the Business Desk Review Program. The objective of these reviews is to verify whether the firm has effective controls in place mitigate conduct risks and to comply with the relevant rules and regulations. This would include the design and implementation of standard review programs to facilitate the effect coverage of emerging risks within the Global MSS business and leading key initiatives to improve various aspects of the Compliance Testing activities e.g. Development of MSS Training programs, Identification and timely escalation of emerging risks, governance reporting and leading/participating on regional and global thematic reviews, working with virtual teams.

Key Responsibilities

Key responsibilities of the Business Desk Review Specialist (Control Officer - Testing) will include but are not limited to:

  • Act as a Subject matter expert (SME) in the execution of global markets reviews, providing leadership to the Business Desk Review teams and guidance to the Country teams in the execution of local regulatory reviews

  • Lead complex, regional or thematic global markets reviews for the APAC region. As a team Lead, the Business Desk Review Specialist will be responsible for the review from initial planning, through execution and to final reporting

  • A key component of the Business Desk Review Specialist’s responsibilities is the management of controls testing of business supervisory activities to mitigate conduct risks in the Markets businesses, through the Business Desk Review program that forms part of the wider regional test plan

  • Ensure that key milestones are met and Testing review programs provide robust challenge to the Business in accordance with the Global Compliance Testing Standards

  • Ensure consistent high quality documentation of testing work performed in the region to meet regulatory standards

  • Manage reviewers assigned to the review to ensure timely delivery in accordance with the plan

  • Develop, maintain and manage relationships with key stakeholders within Global Markets, Product Compliance and risk functions. The successful candidate is expected to be able to leverage these relationships in ensuring the smooth conduct of the reviews.

  • Effective partnerships and co-ordination with Regional and Global Markets and Securities Services Testing Teams as well as the Core Compliance Testing teams

  • Conduct regular training sessions for MSS reviewers regionally and provide subject matter expertise on MSS business activities, regulatory developments, on-going business initiatives, emerging risks and consistent MSS testing standards

  • Support the implementation of wider ICG Compliance Testing thematic reviews and initiatives

Qualifications

Qualifications / Knowledge / Experience:

  • 12 Year+ financial services industry experience including monitoring and assessment of risks related to vanilla and complex financial Markets products such as Commodities, FX, Rates, Equities and credit and Rates

  • Experience in the execution of controls testing around benchmarks - rate contribution and submissions processes, Electronic trading activities and complex markets sales and trading processes

  • Strong Audit or Controls background, with an in-depth understanding of testing or audit methodology, risk and control analysis

  • Experience in a Risk Management or Business support or control function, with an in-depth understanding of testing or audit methodology, risk and control analysis

  • Excellent knowledge of regulatory environment and developments impacting the banking sector

  • Good understanding of transaction monitoring and surveillance tools and experience handling complex concepts

  • Strong ability to manage and facilitate work projects both on the ground and with remote units

  • Proven ability to work under pressure

  • Professional Qualification – e.g. ACA, CPA, ACAMS, CIA is desirable

  • Bachelor’s Degree is essential

Skills:

  • Excellent judgment and analytical skills

  • Excellent interpersonal and team-building skills

  • Significant accuracy and attention to detail

  • Strong written and oral communication / negotiation skills

  • Able to influence opinion, articulate/substantiate review findings and defend if challenged.

  • Strong project management and presentation skills

  • Highly organized, efficient and able to multi-task

  • Motivated, enthusiastic and positive

  • Self-Starter

  • Strategic and goal-oriented focus

  • Able to work on own initiative

  • Unwavering commitment to co-operative and collaborative working