Third Party Compliance Officer
6 days ago
**Job Summary**
Citigroup is seeking a highly skilled Third Party Compliance Officer to join its team. The ideal candidate will have a strong understanding of third-party risk management principles and be able to apply them in a fast-paced financial services environment.
The successful candidate will be responsible for executing day-to-day activities in support of Citigroup's Third-Party Management Program. This includes implementing key standardized processes related to compliance with Citigroup's policies and standards, guiding internal stakeholders, and ensuring data accuracy for the reporting of third-party related metrics.
Main Responsibilities:
- Develop and implement effective third-party risk management strategies to mitigate potential risks associated with third-party relationships.
- Provide process guidance and support to Third Party Officers, Business Activity Owners, and other business stakeholders on end-to-end Third-Party Management requirements.
- Facilitate and coordinate with various Policy Owners in areas such as Data Privacy, Export Licensing, Information Security, and Continuity of Business (CoB).
- Act as Level 1 Reviewer in the team and understand the nuances of the Third-Party Management process in detail.
- Participate in team meetings to analyze documentation and processes to ensure risks and control points are properly addressed.
- Assist management group in gathering data and information for supervisors reporting and to take ownership of specified projects and tasks.
- Verify if third parties' policies and procedures are compliant to Citigroup's policies and procedures, Identify and report gaps if any to senior management, Identify opportunities for better control and productivity enhancement through various process reengineering initiatives and automation projects including but not limited to Robotic Process Automations.
- Analyze data and forecast trends with respect to inherent risk associated with third parties and build controls to mitigate such risks.
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