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VP, In Unit Control - International Banking and Regulatory Reporting including Tax - Hybrid

Hong Kong, Hong Kong
Closing date
Oct 11, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
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.

Citi Global Wealth (CGW) brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices. The strategies we create help our clients maintain liquidity while maximizing yields, transact in foreign currency and across borders, and manage fluctuating expenses or cash flow. We are uniquely suited to helping our clients meet their banking needs across regions through our global network.

Whether you're at the start of your career or looking to discover your next adventure, your story begins here. At Citi, 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.

Shape your Career with Citi

Citibank serves as a trusted advisor to our retail, mortgage, small business and wealth management clients at every stage of their financial journey. Through Citi's Access Account, Basic Banking, Citi Priority, Citigold and Citigold Private Client, we offer an array of products, services and digital capabilities to clients across the full spectrum of consumer banking needs worldwide.

We're currently looking for a high caliber professional to join our team as Vice President, In Unit Control - International Banking/ Regulatory Reporting (incl. tax) - Hybrid (Internal Job Title: Compliance Business Control Officer - C13) based in Hong Kong. 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:
  • We empower our employees to manage their financial well-being and help them plan for the future.
  • 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, including generous paid time off packages.
  • We offer our employees resources and tools to volunteer in the communities in which they live and work. In 2019, Citi employee volunteers contributed more than 1 million volunteer hours around the world.

In this role, you're expected to:
  • Continuously and pro-actively monitor developments, and maintain a clear understanding, of the regulations and policies related to offshore with the objective to integrate implications to business operations control and strategies
  • Working with in country and /or regional control stakeholders, to develop and implement controls' grid and strategy and provide support to facilitate successful offshore business outcomes with reference to regulatory / policy framework.
  • Provide leadership and support to projects related to offshore regulations/ policies implementation
  • Provide superior risk and control advice and support in Client Tax Reporting to our business
  • Ensure proper compliance with FATCA and CRS reporting requirements also support on the client tax reporting from international tax
  • Work with Corporate Tax and HK Tax counsel to understand the Client Tax reporting guidelines and co-ordinate with departments to perform control assessment and/or gap analysis on Client Tax Reporting. Ensure all the regulatory requirements and compliance policies are in scope and execute during the assessment. Flag out any potential operational risk and conduct deep dive review if required
  • Leads the Client Tax Reporting initiatives in alignment with business strategy and goals. Work with business unit managers and staff to dimension and implement business process and collateral changes in line with policy and regulatory changes, formulate system implementation plans and test plans.
  • Collaborates across functions and FRSS team on FATCA, CRS reporting and Qualified Intermediary related reporting (e.g. 945, 1099, 1042s, 1042) and ensure timely and accurate filing.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.
As a successful candidate, you'd ideally have the following skills and exposure:
  • A proven track record of relevant experience in Retail Banking or Financial Services industry
  • Strong experience in tax reporting, audit, risk management or control management
  • Good understanding of FATCA/CRS reporting
  • Knowledge of system implementation an advantage where good command of automation tools an advantage
  • Good command of English and Chinese
Working at Citi is far more than just a job. A career with us means joining a family of more than 230,000 dedicated people from around the globe. At Citi, you'll have the opportunity to grow your career, give back to your community and make a real impact.

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

Job Family Group:
Compliance and Control

Job Family:
Business Control

Time Type:
Full time

Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Citigroup Inc. and its subsidiaries ("Citi) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .

View the " EEO is the Law " poster. View the EEO is the Law Supplement .

View the EEO Policy Statement .

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