Citi Group Assistant Vice President - Business Risk -Shariah Controls Officer Hybrid 

Malaysia, Kuala Lumpur 

666171764

Whether you’re at the start of your career or looking to discover your next adventure, your story begins here. AtCiti, you’ll have the opportunity to expand your skills and make a difference at one of the world’s most global banks. We’re fully committed to supporting your growth and development from the start with extensive on-the-job training and exposure to senior leaders, as well as more traditional learning. You’ll also have the chance to give back and make a positive impact where we live and work through volunteerism.

based in Kuala Lumpur, Malaysia. Being part of our team means that we’ll provide you with the resources to meet your unique needs, empower you to make healthy decision and manage your financial well-being to help plan for your future. For instance:

• Citi provides programs and services for your physical and mental well-being including access to telehealth options, health advocates, confidential counseling and more. Coverage varies by country.
• Citi provides access to an array of learning and development resources to help broaden and deepen your skills and knowledge as your career progresses.

The Business Risk Senior Analyst is a seasoned professional role. Applies in-depth disciplinary knowledge, contributing to the development of new techniques and the improvement of processes and work-flow for the area or function. Integrates subject matter and industry expertise within a defined area. Requires in-depth understanding of how areas collectively integrate within the sub-function as well as coordinate and contribute to the objectives of the function and overall business. Evaluates moderately complex and variable issues with substantial potential impact, where development of an approach/taking of an action involves weighing various alternatives and balancing potentially conflicting situations using multiple sources of information. Requires good analytical skills in order to filter, prioritize and validate potentially complex and dynamic material from multiple sources. Strong communication and diplomacy skills are required. Regularly assumes informal/formal leadership role within teams. Involved in coaching and training of new recruits Significant impact in terms of project size, geography, etc. by influencing decisions through advice, counsel and/or facilitating services to others in area of specialization. Work and performance of all teams in the area are directly affected by the performance of the individual.

Secretariat

• Act as the Secretariat to the Shariah Committee of Citi Malaysia; Escalates any Shariah non-compliance event to Citi's SC, BoD and if required by law, to the relevant regulatory body

Risk & Controls

• Conduct periodic Shariah reviews and ad-hoc Shariah control / audit related requests as needed;
• Ensure adherence to all relevant laws, rules and regulations and these include resolutions by
• the BNM SAC, Securities Commission Shariah Committee;
• Ensures internal reviews and external examinations are well managed with clearly evidenced controls;
• Serve as the Islamic coordinator on Manager Control Assessment (MCA)

Quarterly Risk

• Assessment and the Annual Risk Assessment process;
• Pro-actively identifies emerging risks and assists the control team with resolving control gaps
• and issues and helps to create corrective action plans, inclusive of root cause identification and resolution;
• Appropriately assess Shariah risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citi Malaysia, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards;
• Actively focus on process improvement, creating efficiencies, and ensuring proactive approach and partnership to audit management.

Reporting

• Ensure relevant internal/ external Shariah Control reporting(s) are done accurately and on a timely manner, this would include Board, Senior Management, Shariah Committee

Remedial Actions

• Constructively challenge decisions that may give rise to Shariah noncompliance risks

Partnership & Support

• Partners with the team on all new or modified processes to review through the appropriate
• governance routines and launch with adequate controls which can be monitored and reported;
• Provided support of assigned business area by attending and participating in business meeting routines to provide control related updates to the team and learn about any new initiatives the team will need to support.

Qualifications:

• 5-8 years’ experience in Islamic banking and financial services in areas of governance, control compliance or legal disciplines
• Shariah secretariat, controls, audit or risk management knowledge will be an added advantage
• Outstanding relationship building and relationship management skills
• Consistently demonstrates clear and concise written and verbal communication skills
• Self-motivated and detail oriented

Education:

• Bachelor’s/University degree in Shariah/Islamic Banking or relevant certifications/qualifications in Shariah/ Islamic Banking & Finance.

Take the next step in your career, apply for this role at Citi today

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