In-Business Controls Vice President, Citi

Citi

Location:
Singapore, Singapore

Category:
Banking

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The In-Business Controls (IBC) role will be part of the Singapore IBC team who is responsible for the oversight of Banking (Investment Bank, Corporate Bank and Commercial Bank) controls requirements for Singapore/Asia Clusters. The individual will provide governance & oversight of operational risk identification, assessment, monitoring and mitigation process as a First Line of Defense function. Key stakeholders include but not limited to business management, banking and product teams, in-country business teams, and functional partners. The role has a direct reporting line to the Singapore IBC Lead.

Job Responsibility:

Risk Management and Control Oversight: Oversee internal controls, identify and assess key operational and emerging risks, design and implement appropriate controls, and ensure compliance with regulations. This includes demonstrating sound ethical judgment and escalating control issues transparently
Manager's Control Assessment (MCA) Maintenance: Collaborate with the broader IBC team to update and maintain a robust global MCA within Citi's GRC framework. Participate in risk assessment, control design, KRI threshold setting, and continuous monitoring of Key Operational Risks (KORs)
Reporting and Communication: Handle local management reporting, coordinating with global and cluster risk and control teams. This involves quarterly reporting on control environment changes, significant events, lessons learned, and root cause analysis. Collaboration with global teams and participation in conference calls may be required
Collaboration with Second Line of Defense: Maintain close working relationships with internal policy owners in ICRM, ORM, IS, TPM, and other relevant functions across Asia clusters. Oversee key operational risk areas and ensure alignment with policy requirements
Audit Management and Remediation: Act as the primary contact for audit groups, ensuring timely and appropriate responses to audit requests. Conduct root cause analysis on identified issues and support the business in designing and implementing corrective and preventive action plans, discussing these plans with reviewers before validation. Coordinate the implementation of global and cluster risk and control projects, working with various teams to document processes while addressing local nuances

Requirements:

Extensive Experience: A minimum of 6-10 years of experience in operational risk management, compliance, audit, or other control-related functions within the financial services industry, preferable in the area of Investment Banking
Risk and Control Management: Demonstrated ability to identify, measure, and manage key risks and controls, including development and execution
Financial Industry Expertise: Proven experience in control-related functions within the financial industry, including implementing sustainable solutions and process improvements
Compliance and Regulatory Knowledge: A solid understanding of compliance laws, rules, regulations, and best practices, as well as Citi's specific policies, standards, and procedures
Strong Analytical and Communication Skills: Possess strong analytical skills to evaluate complex risk and control activities, coupled with excellent verbal and written communication skills, including the ability to interact with senior management
Organizational and Technical Skills: Demonstrated ability to manage multiple tasks and priorities effectively, along with proficiency in Microsoft Office applications (Excel, PowerPoint, and Word)

What we offer:

We provide access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses
We have a variety of programs that help employees balance their work and life, including generous paid time off packages

Additional Information:

Job Posted:
June 27, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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In-Business Controls Vice President