Asst Vice President, Fund Accounting Risk and

5 months ago


Kuala Lumpur, Malaysia Citi Full time

At **Citi**, we get to connect millions of people across hundreds of cities and countries every day. And we've been doing it for more than 200 years. We do this through our unparalleled global network. We provide a broad range of financial services and products to our clients - whether they be consumers, corporations, governments or institutions - to help them meet their biggest opportunities and face the world's toughest challenges.

**Shape your Career with Citi**

Citi’s **Securities Services** **(SS)** supports our clients’ business by drawing on the strength of our unmatched global footprint, which provides them with access to local expertise and scalable solutions to support their ambitions.

We’re currently looking for a high caliber professional to join our team as **Asst Vice President, Fund Accounting Risk and Control Management - Hybrid** (Internal Job Title: Fund Accounting Sr Analyst - C12) 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.
- We have a variety of programs that help employees balance their work and life.

**In this role, you’re expected to**:

- The Fund Accounting Risk and Control Management is an intermediate level position responsible to assist in the effective governance and management of risk in the first line of defense and driving the implementation of risk issues on timely basis.
- ** Responsibilities**:

- Promote accountable risk and control decision-making based on quality data analysis
- Enable the business to clearly, consistently and comprehensively articulate the risk profile of the business/service/process including the integrity of processes and controls
- Support Risk and Control Owners in identifying anomalies in control effectiveness or the aggregation of risks that may take the risk profile of the business outside of tolerance
- Assess and promote improvements to the Accountability, Roles and Responsibilities for a given set of activities
- Support In
- Business Risk Owners through proactive advice based on risk and control knowledge and insights and present risk management solutions where appropriate
- Identify trends to anticipate future developments in the risk and control environment
- Actively challenge poor, inefficient or excessive controls, related tasks and behaviors and engage in the development of more efficient and streamlined processes
- Challenge Control Owners on the design and implementation of control monitoring to confirm it is fit for purpose
- Promoting desired behaviors and a positive risk culture, and supporting the delivery of the conduct outcomes
- Develop close and constructive relationships with stakeholders across 3 lines of defense
- Conducting investigations and liaising with key stakeholders on any operational risk events
- Ensure all risk reporting for FA Malaysia and FA APAC are prepared and reviewed before submission. Risk actions from governance meetings are followed through completion
- Ensure Information Security Risk is managed in accordance to the standards set for the bank
- Develop and manage the risk assessment framework through MCA (Manager’s Control Assessment) for Fund Accounting Malaysia.
- Data gathering of FA APAC ARA for review and deliberation with Assessment Unit Heads
- Assisting in Annual Risk Assessment process with inputs from Fund Accounting APAC Operations Heads to ensure activity and risk coverage and consistent risk ratings
- Work with operations on continuous enhancement and monitoring methodology
- Drive efficiency enhancement initiatives e.g. ORE and EUC monitoring, Key KPI monitoring that are risk related
- Ensure appropriate Corrective actions plans are put in place for any operational events and KRI breaches
- Manage annual testing for Operations processes is completed in time with no material observations
- Coordinating and assisting client initiated and regulatory required Due Diligence to ensure no material observations
- Participate and assist in E2E pre, present and post Internal Audit conducted for the site Reporting to the Site Head and Senior Leadership team on all Issues and corresponding CAPs across all Operations and Functions to ensure timely remediation of all the issues
- 5-8 years of experience.
- Experience in fund accounting
- Extensive knowledge of funds services and process
- Strong interpersonal skills and stakeholder management, including the ability to influence senior stakeholders
- Independent and able to work under mín



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