Avp, Third Party Risk Manager

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 Citi s Services 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 AVP Third Party Risk Manager - Hybrid Internal Job Title Cross-disciplinary Controls Sr Analyst - C12 based in Chennai India 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 Individuals in Cross Disciplinary Controls are responsible for multiple activities within the Controls capabilities such as assessment design MCA QA Monitoring Testing Issue Management and or Governance Reporting Analysis for effective end to end oversight design implementation and execution of controls Individuals in this role may cover a broad range of in-business function risk and control responsibilities rather than focusing on one specific role The Third Party Officer TPO role is as part of Citi s Third Party Risk Management program The Third Party Officer is responsible to focus on those third parties which carry the highest degree of risk for Citi s businesses The TPO requires in depth business product knowledge and expertise and will manage the third party relationship across all stages of the lifecycle The TPO will work in concert with business operations and technology teams as well as internal functions to identify manage and mitigate risk The TPO will be supported by the Enterprise Supply Chain Third Party Utility which is responsible for the execution of standard third party risk management activities that can be conducted centrally to drive operational efficiencies Responsibilities Gain thorough knowledge and understanding of Citi Third Party Risk Management requirements Represent business leadership in coordinating third party risk requirements Evaluate current market conditions and provide insight on trends issues Complete initial Risk Assessment for third party and reevaluate as required identify any significant changes in relationship to trigger update of Risk Assessment Verify third party s compliance to required policies and controls Conduct on-site visits of third party as required Develop document and update Citi s Exit Strategy Plans as required when the exit strategy poses significant risk to Citi work with business contacts to establish appropriate risk mitigation activities to minimize risk to Citi Monitor third party performance and SLA s Interact with BAO on escalations of third parties non-performance and contractual issues to drive resolution when appropriate Review assess and act on results of Due Diligence and Ongoing Monitoring Risk Management Assessments Analysis including but not limited to IS COB DPO Export Credit Risk Country Risk Financial Evaluations etc Own and lead remediation of any issues or gaps identified from ongoing monitoring Support defining risk mitigation strategies and risk exceptions based on the business risk appetite Support Leadership to drive supplier optimization and efficiencies Support initiatives to enhance productivity of third party service delivery and identify cost reduction opportunities from efficiency alternative demand scenarios Standardize SLA performance monitoring measures for like services where possible As appropriate interact with larger TPO community and or ESC category leads for best practices sharing and coordination of services Liaise with the ESC Third Party Utility as necessary to review and respond to the results of third party risk management activities conducted centrally by the Utility Support drafting and presentation of executive briefs prepare and present high-level metrics to applicable Citi senior management and stakeholders Serve as point of contact to ensure Third Party s remediation of audit or exam issues is sufficient and escalate as necessary As a successful candidate you d ideally have the following skills and exposure Bachelor s University degree or equivalent experience Minimum of 5-8 years of experience in operational risk management compliance audit or other control-related functions in the financial services industry Ability to identify measure and manage key risks and controls Strong knowledge in the development and execution for controls Proven experience in control related functions in the financial industry Proven experience in implementing sustainable solutions and improving processes Understanding of compliance laws rules regulations and best practices Understanding of Citi s Policies Standards and Procedures Strong analytical skills to evaluate complex risk and control activities and processes Strong verbal and written communication skills with a demonstrated ability to engage at the senior management level Strong problem-solving and decision-making skills Ability to manage multiple tasks and priorities Proficiency in Microsoft Office suite particularly Excel PowerPoint and Word 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 https jobs citi com Job Family Group Controls Governance Oversight Job Family Cross-disciplinary Controls Time Type Full time Most Relevant Skills Analytical Thinking Business Acumen Communication Constructive Debate Controls Assessment Controls Lifecycle Escalation Management Issue Management Risk Management Stakeholder Management Other Relevant Skills For complementary skills please see above and or contact the recruiter Citi is an equal opportunity employer and qualified candidates will receive consideration without regard to their race color religion sex sexual orientation gender identity national origin disability status as a protected veteran or any other characteristic protected by law 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 View Citi s and the poster