GF - Compliance Testing Senior Lead

Citibank NA
07 Aug 2017
14 Aug 2017
Contract Type
  • 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: 17034906


Position Objective
Citi, one of the top global banks, is looking for driven and motivated individuals to join the Asia Pacific (APAC) Compliance Testing team in KL.  This is an excellent prospect for qualified candidates to exercise auditing/testing skills, in support of APAC countries' adherence to specific banking regulatory requirements, including Citi internal policies and procedures.  As part of a dynamic team with a regional scope, the individual will have the unique opportunity to bring in new perspective when performing Reviews, deep diving into the various Consumer and Markets businesses of Citi, as well as the AML space.  The successful candidate must be able to apply critical and logical thinking and exhibit effective organizational skills, in objectively assessing the design and operating effectiveness of controls vis-à-vis regulatory requirements and policies/procedures.  Travel to other Citi locations within APAC may be required.
Compliance Testing is a one bank function and cuts across the multiple businesses that Citi is into. Compliance Testing is one of the mechanisms utilized by Compliance to determine whether selective controls and procedures for addressing compliance risk are working as intended.  Jointly with Compliance Monitoring and Surveillance, they form the foundation of an effective Compliance Program. Also covers AML, OFAC Sanctions and Anti-Bribery & Corruption areas.
An member of the Regional Asia Compliance Testing (CT) team involved, from a Center of Excellence in KL, in the execution of the risk based Anti- Money Laundering, Sanctions and AB&C assurance reviews.  Compliance Testing reviews [including Anti-Money Laundering, Sanctions and Anti-Bribery & Corruption (together referred as "AML") CT reviews] reporting to the Regional AML Compliance Testing Head/Compliance Testing Lead COE.
Key Responsibilities:
  • Advise the Asia testing teams on AML/Sanctions/AB&C specific risks
  • Support the AML/Sanctions/AB&C Compliance Testing head in the overall program
  • Participate in QA discussions and develop plans to address deficiencies highlighted in QA reviews
  • Coordinate with Country Compliance Testing (CT) Heads and/ (or) ASPAC CT team on AML-related themes and issues
  • Lead and/ (or) participate in Compliance testing reviews including; planning/ scoping the review, developing/ modifying a test program where required, executing test steps, discussing potential findings with relevant stakeholders
  • Review/ assess the risk level of exceptions identified, and communicate effectively with the related parties
  • Propose solutions and help process owner develop corrective action plan (CAP), ensuring that CAPs adequately address the issues/risks Ensure high quality Work Papers and Documentation from the team Monitor test progress and CAPs from reviews performed by the team
  • Interactions within the broader Anti- Money Laundering, Sanctions and AB& Compliance function
  • Responsive to current Anti- Money Laundering, Sanctions and AB&C Compliance events and issues, and apply them as appropriate to identify key compliance risks and controls to be covered in reviews
  • Understanding the complexities of Citi Legal Vehicle structures and the corresponding regulatory expectations
  • Understanding and developing a good knowledge of AML/ Sanctions/ AB&C regulatory requirements across all Citi businesses in ASPAC
  • Developing skills of testing, analytical and proactive assessment of emerging risks/trends with a 'big picture" view
  • Building and cultivating connections and partnerships across the business/function


  • 12-15 or more years in the financial services industry or in a reputed Big Four/ Accounting firm with financial institution engagement
  • Experience in compliance, control &/or audit /risk management role is  required
  • Knowledge and 8 years' experience in AML Compliance(Retail or Corporate), including one or more of the following areas, is highly preferred:
  • AML compliance advisory
  • Review of client due diligence files
  • Sanctions advisory
  • Suspicious transaction report (STR) filing and investigations
  • Implementation of AML programs and internal controls
  • Report writing experience in the context of audits or Compliance Monitoring and Testing reviews would be an added advantage
  • Certification from the Association of Certified Anti- Money Laundering Specialists (ACAMs)
  • Leadership ability
  • Highly effective oral and written communication skills
  • Able to influence peers and senior management to accomplish shared goals
  • Great interpersonal skills
  • Balanced approach to Review exceptions
  • Strategic thinking and problem solving
  • Ability to use technology and analytics in problem solving
  • Strong Execution and coordination skills
  • Ability to interpret AML/OFAC/AB&C compliance manuals and review other bank policy and procedure manuals as appropriate
  • Good expertise and experience in AML, sanctions and/ (or) AB&C laws and regulations in ASIA
  • Familiar with client due diligence and AML standards
  • Positive attitude
  • Bachelor's Degree with professional qualifications as applicable. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus
  • Strategic ability to identify emerging Compliance risks
  • Ability to think outside the box
  • Ability to speak one's mind and be able to stand firm, while balanced, on key issues specially when confronted with senior management with opposing views