Citi MYS CTSM KL AML / Sanctions / AB&C Compliance Testing SVP in Malaysia

  • Primary Location: Malaysia,Wilayah Persekutuan,Kuala Lumpur

  • Education: Master's Degree

  • Job Function: Compliance and Control

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: Yes, 10 % of the Time

  • Job ID: 17032329

Description

Position Objective:

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:

  • Be an SME for the specific topic assigned to the Lead

  • Execution of CT reviews based on a plan finalized at the beginning of the year adjusted periodically for emerging trends in regulatory/Compliance risks

  • Coordinate with Country Compliance Testing (CT) Heads and/ (or) ASPAC CT team on AML-related themes and issues.

  • Manage staff in a manner which contributes to an inclusive and positive team oriented work environment

  • 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 compliance function

  • Responsive to current compliance (including AML) events and issues, and apply them as appropriate to identify key compliance risks and controls to be covered in reviews.

Qualifications

Experience:

  • 10 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 6 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.

  • Bachelor’s Degree with professional qualifications as applicable. Related certifications (CPA, ACA, CFA, CIA, CISA or similar) are a plus.

  • Certification from the Association of Certified Anti- Money Laundering Specialists (ACAMs)