Business Risk and Control Sr Analyst - C12 - SINGAPORE

Citi Wealth is an integration of Citi Private Bank and the Consumer Wealth organization into a single business enabling Citi to serve its clients across the wealth spectrum and capitalize on Citi’s industry leading capabilities to support the goal of Wealth, which is to be the leading wealth management provider globally. As we embark on this journey, it is imperative to have a strong Risk & Control framework, supporting this goal through an independent but integral Internal Control organization.

Citi’s Wealth Control organization enables to achieve sustainable client-driven growth within risk appetite, champion business compliance with laws, rules, regulations and policies, Identify, assess and manage risk of sustained impact to business strategic objectives, provide oversight to mitigate negative public opinion impacting financial condition and drive optimization of controls and monitoring. We’re currently looking for a high caliber professional to join our team as Assistant Vice President, Business Risk and Control Sr Analyst based in Singapore as part of Global Investment Solution Risk Assessment and Control Design team. The Citi Wealth business delivers a comprehensive wealth solution to clients across the wealth continuum, with integrated advice and execution, as well as traditional and alternative investments, managed account strategies, world-class research and investment guidance. Our Wealth business serves ultra-high-net-worth individuals and family offices through Citi Private Bank, operates in the affluent and high-net-worth customer relationship tiers of Citigold® and Citigold Private Client and offers wealth management in the workplace through Citi Global Wealth at Work.

Reporting to the Asia Investment Solution Risk Assessment and Control Design Head, the Risk and Control Program Lead is responsible to identify and mitigate regulatory risks in the end-to-end process to operate within the approved risk appetite.  The candidate will operate in close partnership with the teams across 1st line of defense (in particular, Product, Front office Risk & Control leads) and 2nd line of defense (in particular, Independent Compliance Risk Management, Legal and Independent Operational Risk Management) responsible for challenging and monitoring business adherence with all laws, regulations and rules and internal policies. The candidate will also collaborate with Businesses and Functional Teams across Hong Kong, Singapore, Singapore IPB and Private Bank to ensure regulatory risks are adequately managed end-to-end, rather than within functional silos.

Key responsibilities:

• Responsible for Control Design Assessment, ARCM Management and Review including Inherent Risk Rating, Back Testing for Issues and Losses, for Asia Investment Solution business covering 3 trading Desk and Investment Solution BE activities across Private Bank and CG CPC.
• Accountable for oversight and consistent implementation of the MCA Standard for Investment Solution business. Responsible for acting as a supporting partner and consultant throughout the MCA lifecycle and supporting businesses and functions in implementing MCA with operational and compliance risk and control SMEs.
• Produce reports on outcome-based insights and identify control issues across common processes.
• Individual engages with respective business stakeholders across Capital Market & Manages Investment teams in Asia to evaluate each control and whether objective is appropriate in context of inherent risk and controls are adequately designed.
• This resource is required to engaged with CTU and Global Controls team (CMU) and business stakeholders in execution of control design, informing control owners on outcome of control design and reporting of results of control design assessment across 600 Local ARCMs and 400 odd EMP and SMPs across sub assessment Unit for Investment Solution business in Asia.
• As part of continuous enhancement, this role needs engagement with Control Owners to design new or augment existing controls, which may be required whether as a result of New Activity Roll out, Process enhancements, Audit and Compliance Testing Findings, escalation events, Lesson Learned activities and Self-identified Issues.
• This resource is one point contact within Asia Investment Solution Risk and Control team to engage with business and stakeholders on MCA Control Design and the ongoing effort on GPMP adoption/enrichment, addressing QC issues and continuous monitoring of the control’s basis any triggered events.
• Work with product teams across Investment Solution and DCAAF team in designing new Digital Monitoring Tools including supporting business in disposition of outliers, identifying root cause for any confirmed outliers including supporting business in raising corrective action, wherever applicable. 

Required Qualifications:

• University graduate with at least 6-8 years of experience with strong strategic, analytical and product management skills
• Candidate should have good knowledge on Investment Products
• Must have exposure to 2-3 years of Risk, Control, Audit or Compliance roles.
• Working-level knowledge of core end-to-end processes performed in the Consumer and Private Bank business
• Experience with governance, risk and control management, risk approvals, as well as engaging with 2nd/3rd lines of defense
• Understanding / familiarity with new product development (e.g. first and second line of defense risk/control mechanisms
• Ability to move from granular detail to strategic level, with effective executive presentation skills
• Comfortable operating with limited guidance and under significant time pressure

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