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GF CPB Financial Intelligence Unit Head Single Analyst Work Flow Model
June 11, 2018
Primary Location: Singapore,Singapore,Singapore
Education: Bachelor's Degree
Job Function: Compliance and Control
Shift: Day Job
Employee Status: Regular
Travel Time: No
Job ID: 18038720
The Citi Private Bank in Asia manages over USD90 billion in client assets across three booking centres in Hong Kong, Singapore and India. To be considered for opening a relationship a Client requires a minimum balance of around USD10M and in most instances the clients will have levels significantly beyond this threshold. The private banking products, client profiles, Citi Trust business and geographic focus results in an inherently high risk business from an AML perspective. The CPB APAC Monitoring and Investigations have historically been managed on a multi analyst workflow "MAWF" basis with Level 1 "L1" Alerts either disposed in the transactional monitoring hub or escalated to the CPB Financial Intelligence Unit for Level 2 investigations "L2". The proposal with the Single Analyst Workflow "SAWF" model is to merge these L1 and L2 processes into one thereby creating a single unit with a single unit head that is responsible for managing the Monitoring and Investigations room of the "AML House" for CPB APAC.
An exceptional candidate is being sought to combine these responsibilities and functions seamlessly into the future and manage the delivery component as a part of the end-to-end CPB AML Program in Asia. Requirements:
Excellent organizational, time management and project management skills.
The candidate must have the ability to work effectively under pressure, autonomously and collectively across the broader CPB AML program.
Ability to manage a diversified and multi-faceted team across country, region, global stakeholders and relevant business parties.
Strong written and oral communication and negotiations skills with a proven track record working with senior business leaders to manage conflict and provide strong corporate challenge.
A proven track record in organizing resourcing, business and capacity planning to deliver key AML program metrics in a methodical and disciplined approach.
Strong risk awareness and discipline to report and articulate AML risk matters relating to cases and trends.
Awareness for process efficiencies and flexibility for change.
Ability to apply Risk Based assessment and recommendations aligned to the risk appetite tolerance. Good practical approach to decision making and assessments.
Very good to expert understanding of private banking client types preferably with previous hands on experience.
Strong analytical skills and the ability to apply this across complex client arrangements, structures and Private Banking typologies.
Ability to undertake detailed research and apply investigative logic to a range of private banking scenarios.
Roles and Responsibilities:
Manage the end-to-end Monitoring and Investigation process for CPB APAC.
Leadership for the CPB FIU team bringing together L1 & L2 processes.
Present Investigation Findings to AML and business management.
Engage in necessary debate and case discussion on an informal and formal basis.
Draft STR and include Account Strategy Recommendations.
Apply strong governance for the tracking and determination of accounts/relationships that fall under AML scrutiny.
Document findings in a "regulator ready" standard and able to allow for wider and action to be taken.
Lead M&I Projects relating to the CitiAML program when required.
Ensure QA and MCA process are followed to highlight any shortcomings and/or enhancements needed.
Develop, nurture and maintain a SAWF FIU team with sound line management and leadership principals.
Team Recruitment and Training delivery.
Apply operational implementation principals and across the team structure and required processes to ensure effective M&I program.
Chair the necessary FIU Governance Meetings required for oversight.
Support the Regional CPB ACRM Head in certain key projects, initiatives and activities (ie Annual SPF/HRC Review) and potentially deputize across the wider CitiAML program for CPB as and when required.
Minimum graduate level from a recognized University
Minimum 7 years' experience in conducting AML Investigations and 3-4 years in a leadership role.
Law Enforcement background is not essential but is a preference.