Citi Group Independent Risk Quality Assurance – Banking 

Malaysia, Penang, George Town 

752465870

This role is part of the Independent Risk Quality Assurance (IRQA BIR) function, whose objective is independently assess whether the established standards, procedures, processes and controls relating to WCR management are followed and consistently applied across Citi. This objective is achieved by providing assurance to senior management through identification and reporting of thematic deficiencies, operational weaknesses, risk associated with the specific areas, training needs, and processes and quality deficiencies.

The QA Program is executed throughthe completion of Quality Assurance Reviews (QARs) and ongoing monitoring of the in-scope processes and controls. QARs are performed

The current role of IRQA BIR Senior Officer (Senior IRQAO) reports directly to one of the Function Heads responsible for driving QARs.

Key Responsibilities:

·Executing routine and complex QARs, including support and implementation of the IRQA BIR Program components and synthesizing QAR results

·Supporting Global Head of IRQA BIR and Function Heads in the execution and delivery of a robust IRQA Program

·Supporting preparation, review and challenge of the QAR execution documents and templates

·Provide ongoing mentoring, guidance and coaching to IRQA BIR staff and stakeholders as necessary

• Support with the aim to ensure wholesale credit risks within Citi are effectively identified, measured, monitored, and controlled, consistent with the bank’s risk appetite and all policies and processes established within the risk governance framework.

• Under the supervision of an IRQA Function Head, support execution of the following specific activities, including:

  • Provide effective credible challenge during QARs to Accountable Executive(s) and Portfolio Leads of the in-scope portfolios, as regards to the quality and completeness of credit underwriting processes, to ensure that weaknesses in such processes are identified and escalated as appropriate

  • Provide review of executed test scripts (as checker) completed by the IRQA Officers (as maker) to ensure consistency of work and reasonableness of conclusions reached

• Synthesize and assist preparation of QA Reports to senior management, to objectively measure and communicate results of QA testing

• Subsequent follow-up on corrective actions that were raised duringQARs

• Assisting in creation of, and providing feedback on, or updates to, new and existing IRQA assessment document templates and other templates used in the IRQA Program, including test scripts, and assisting IRQA Function Heads in the sampling process as necessary.

• Support IRQA Function Head(s) in staying abreast of relevant changes to rules/regulations and other industry news including regulatory findings.

• Provide ongoing guidance and coaching to IRQA staff, IRQA Guests and to staff of portfolios being subjected to the QA process

• Support the Global Head of IRQA on internal projects and initiatives

• Support IRQA Voice of the Employee (VOE) initiatives

• Travel (less than 10%)

Qualifications/Experience/Skills/Competencies:

• Bachelor’s degree in finance/accounting, or any other related subject

• 9+ years in banking, wholesale credit risk management, internal audit, portfolio management, loan review or quality assurance review function at an investment or large commercial bank.

• Understanding of Wholesale Credit Processes, and organizational awareness of covered portfolios, and processes; practical experience in wholesale lending and/or counterparty credit risk would be an added advantage

• Understanding of risk management and controls frameworks related to corporate/counterparty credit risk management or another financial risk discipline, past experience in problem credit assessment and risk mitigation is a plus

• Understanding of the markets and lending wholesale credit risk covered processes, to evaluate findings within the Quality Assurance process, determine materiality, and partnering with in-line makers and checkers for ongoing improvement, problem detection, and sustainable remediation

• Good background on end-to-end credit risk management processes and controls for large corporate and finance industries to properly evaluate processes, controls design and quality breaks within the quality assurance function

• Understanding of QA policies and procedures with the ability to execute change seamlessly.

• Strong awareness and adherence to the control environment including Quality Assurance and Quality Control.

• Strong interpersonal skills, with the ability to build relationships and exert influence with and without direct authority

• Good organizational skills with ability and willingness to work under pressure and manages time and priorities effectively

• Clear written and verbal communication skills, with the ability to communicate clearly and concisely to audiences of varying levels of seniority

• Intermediate Microsoft Office (Word, Excel, and PowerPoint) skills

Time Type:

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