Citi GF - Compliance Officer (Asset Products - GCB) in Singapore, Singapore

  • Primary Location: Singapore,Singapore,Singapore

  • Education: Bachelor's Degree

  • Job Function: Compliance and Control

  • Schedule: Full-time

  • Shift: Day Job

  • Employee Status: Regular

  • Travel Time: No

  • Job ID: 16062943


Brief description of organization

Citibank Singapore Limited (CSL) – Compliance

The CSL Compliance function is part of the independent Singapore Country Compliance organization. Our main goal is to maintain satisfactory compliance and control environment with full adherence to laws, regulations and Citi policies/procedures to support Business Growth

Job Description:

As a member of the Singapore Compliance Team, the incumbent needs to provide compliance oversight to the GCB Business mainly on Credit Cards, Ready Credit Personal Loans, Installment Loans, Balance Transfers, Debt Consolidation products, Mortgage products and Margin Backed Financial loans. The incumbent is expected to perform relevant compliance processes and provide guidance to the businesses so that they will comply fully with the letter and spirit of all applicable laws.

Key Responsibilities:

  • Support the APAC Regional and Singapore Compliance Head for Asset Products in the following areas for Singapore Cards and Unsecured Loans and Mortgage

  • Provide regulatory guidance and advice on Citi Policies to business on day-to-day matters relating to Credit Cards, Ready Credit Personal Loans, Debt Consolidation products, Mortgage loans and Margin backed Securities Finance

  • Work with Business during implementation of new regulations/compliance policies in the unsecured loans and Mortgage loans areas including update the iTrac in a timely manner

  • Update and Maintain the RCM Requirements/Rules for key regulatory requirements

  • Liaise with Business units to ensure timely reporting by Compliance to the Monetary Authority of Singapore (MAS) of 6 Monthly, 5 Quarterly, 4 Semi Annual, 2 Annual reports (102 report submission annually) plus approximately 5 regulatory adhoc surveys during the year

  • Analyze Regulatory breaches and work with Business to ensure corrective actions are robust

  • Prepare regulatory correspondence for all product related interaction with the Regulator

  • Provide Compliance consultation to Business on new business initiatives/projects and any product related outsourcing activities.

  • Review and provide Compliance and TCF approvals of Marketing material and Product Documentation

  • Compliance review and approval of Customer promotions, Sales Staff Annual Variable Compensation and Tactical incentives programs

  • Provide Compliance Training

  • Work with relevant units in case of escalated Customer Complaints to regulator in above product areas to ensure a timely and satisfactory response is sent by Business

  • Perform Unit MCA testing and Quarterly Compliance Monitoring for above products

  • Complete Annual CARAs for Cards and Mortgage AUs


  • You should preferably have a Bachelor Degree along with 3 to 5 year’s experience in Consumer Banking Cards and Ready Credit Loans, Mortgage product, credit risk management or compliance/control Experience in local regulatory knowledge would be preferable

  • You should possess strong analytical, interpersonal and communication skills

  • You are also expected to be a committed, flexible and independent contributor, with strong organizational and time management skills

  • Good oral and written communication skills and ability to convey information appropriately are expected