Financial Crimes Risk Director, Citi

Citi

Location:

Singapore, Singapore

Category:

Finance

Contract Type:

Employment contract

Salary:

Not provided

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Job Description:

The Financial Crimes Risk Director role is a first line function responsible for supporting Services business in managing and mitigating financial crime risks, primarily focusing on the Asia region. The role involves leadership, guidance, assessment of control environments, execution compliance with regulations, and forming a partnership with risk management stakeholders.

Job Responsibility:

Understand business-owned products, services, as well as corresponding financial crimes-related controls, and processes
Provide financial crimes compliance/risk management subject matter expertise to the Services businesses in Asia to ensure the design and implementation of a coherent and effective control environment
Assess complex issues, structure potential solutions, and drive effective resolution with other senior stakeholders
Assess existing control framework, identify potential compliance gaps
Drive execution ensuring compliance with applicable laws, rules, and regulations, as well as effectiveness of the control environment
Ensure adequate mapping of risk and processes and clear control ownership
Create & maintain a robust partnership with the business heads, operations, technology and the second line of defense
Ensure clear and timely escalation of control issues, while assisting their adequate management and internal reporting
Drive a consistent and holistic approach to Financial Crimes risk management across Services
Ensure early engagement on new business initiatives to ensure timely support of commercial priorities and full adherence to global and regional risk management policies and procedures
Conduct reviews of financial crimes processes and procedures to ensure that both controls and processes are in keeping with policy and business expectations
Assure that controls have been implemented consistently, with appropriate supporting documentation
Maintain current knowledge and understanding of product innovation, client needs and of changing regulatory requirements to continuously assess impact and changes needed to existing control environment
Serve as an escalation point for issues or emerging from Services in Asia
Maintain oversight through review of metrics, monitoring of activity, and tracking of corrective action plans
Prepare and provide regular updates to senior management and various governance committees on control issues and/or enhancements
Work with other Financial Crime Risk teams to ensure a consistent holistic approach to financial crimes risk management
Ensure robust and adequate reporting to senior management
Support the timely response to regulatory inquiries
Lead on significant Financial Crime initiatives within the business ensuring alignment to group policies
Assess impact of proposed changes to Financial Crimes policies/procedures/guidelines and work with Compliance to ensure the business operates in line with regulatory requirements
Participate actively in several senior management governance forums and produce high-quality reports and management information
Support the Business in internal or external reviews, including managing exam preparation and deliverables
Identify opportunities for streamlining processes and implement efficiencies that will lead to enhanced client experience.

Requirements:

Bachelor’s/University degree required
master’s degree desirable
15+ years’ experience in financial crime compliance or risk management
Financial Crime certification preferred (ACAMS, ACSS etc.)
Strong understanding of international Sanctions
Strong professional experience in Financial Services, in Financial Crime Compliance and/or Financial Crime Risk & Controls
Knowledge and understanding of Payments, Correspondent Banking, Trade, Working Capital, and Liquidity Management products
Excellent interpersonal skills
Able to work independently and deliver according to strict timelines and quality standards
Demonstrated ability and confidence to challenge business management, escalate issues and press for change
Good oral and written communications skills
must be articulate and persuasive with the judgement and authority to provide insightful commentary to senior stakeholders
Able to drive change to business practices by working effectively across a global organization
Self-starting with the ability to multitask and prioritize
Proven people and team management skills
Project management and change capabilities are essential
Capable of prioritizing and multi-tasking in a dynamic, fast paced environment
Demonstrated analytical skills with follow-up and problem-solving capability
Ability to analyze a process and recommend ways to improve quality, controls, and efficiency.

Additional Information:

Job Posted:

March 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Financial Crimes Risk Director