Business Risk and Control Officer, Citi

Citi

Location:

Singapore, Singapore

Category:

Finance

Contract Type:

Employment contract

Salary:

Not provided

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Job Description:

The Business Risk and Control Officer plays a strategic role by staying abreast of developments within the field and contributing to directional strategy. Responsibilities include governance, risk assessments, control framework implementation, operational risk monitoring, and process improvement.

Job Responsibility:

Help contribute to governance and the facilitation of the execution of the Manager Control Assessment (MCA, i.e. Risk & Control Self-Assessment) as required by the MCA Standard including the assessment and appropriate approval of risk associated with business changes
support teams in the quality, completeness, and accuracy of the implementation of the Control Framework, including Risk Control Policy, Control Standard, Issue Management Policy, Lesson Learned Policy and Control Inventory
assist in performing a detailed analysis on the identification of issue root cause, partnering with control and process owners to recommendations holistic corrective actions and improvements, provide check and challenge to ensure appropriate escalation in according with Issue Management and Escalation Policies
help contribute to the Lessons Learned Policy, including monitoring of control breaches and dissemination and learnings across other business units for process improvement to limit the occurrence of similar future events and where similar risk exposure might exist
support the review and challenge process, within the FLUs, on the effective design and management of controls to mitigate risks as required by the Control Standards, including implementation and operation, conducting the control monitoring, handling deficiencies, and escalating issues for resolution
help contribute to the timeliness, accuracy and completeness of the MCA through controls prior to the execution of a process (QC)
assist in the monitoring of the adherence to the MCA Standard through controls after the execution of a process (QA)
support in dealing with Operational and Compliance Risk in accordance with established Policy requirements
assist in performing a detailed analysis to identify, assess, escalate, and manage risk exposures across Risk Categories (Operational Compliance, Strategic, Reputational, etc), including material, emerging and concentration risks in accordance with enterprise Policies and the establishment of Key Indicators to monitor risk exposures
assist in supporting Risk Appetite and monitor/assess exposures against this in accordance with enterprise requirements (if applicable)
be part of the process to identify, assess, record and response to Operational and Compliance Risk events, ensuring these are captured accurately, timely and in accordance with requirements
help ensure that adequate governance and training are in place to support management of Risk profiles
contribute to the risks associated with New Activities and changes to the Business, ensuring these are well understood and adequately controlled (if applicable)
support operational risk scenario analysis and stress testing for Operational Risk Capital requirements
support with risk and control assessments or coordination for programs within various risk stripes and ensure sufficient subject matter expertise exists to enable management of these risks within the Business (e.g. third party, fraud, sanctions etc) (if applicable)
coordinate risk and control responsibilities and ensure accountabilities are embedded within FLUs, including providing training and leading by example
support with standards and procedures that conform to enterprise requirements and support sound operational and compliance risk management
apply knowledge of the business, products or services to identify and implement control points and processes throughout the business
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 behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Requirements:

6-10 years of experience
MS Excel, MS Access, SAS, SQL, Visual Basic a plus
5+ years’ experience in financial services
consistently demonstrates clear and concise written and verbal communication skills
effective organizational influencing skills required
third party vendor management preferred
demonstrated ability to lead global team efforts
excellent problem-solving skills
ability to comprehend the big pictures with high attention to critical details
demonstrated ability to develop and implement strategy and process improvement initiatives.

Nice to have:

MS Excel, MS Access, SAS, SQL, Visual Basic
third party vendor management.

Additional Information:

Job Posted:

March 21, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Business Risk and Control Officer