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Operational Risk Third Party Oversight Functional Lead - SVP

Company: Citi
Location: Clearwater
Posted on: November 24, 2022

Job Description:

OverviewThe mandate of the Independent Operational Risk Management function to drive comprehensive and consistent practices designed to identify, measure, monitor, report and manage risks while promoting the implementation of actions to address root causes which may lead to unintended losses. - This position will be part of a high-caliber team challenging Citi's effort to mitigate Third Party Operational Risk.As a member of the -broader Operational Resilience and Third Party Risk team within Operational Risk Management, the role applicant will be a proactive and pragmatic risk manager who understands the risk of supply chain, third party, and outsourcing exposure and can expertly articulate views, provide challenge and risk opinions at various levels in the organization. - Excellent communication skills are required to guide, influence and build relationships across all line of defense. The role also requires attention to detail and comprehensive experience in all aspects of Third Party Risk Management and the Third Party Lifecycle.The role is to serve as an Independent Third Party Risk leader focused on oversight of Citi's Global Third Party Risk Management Framework, Governance, & Execution

  • Implement program to challenge effectiveness of Citi's Third Party Risk Management Program at the Enterprise level
  • Oversee challenge of Third Party Risk strategy, policy and projects implemented to support the TPRM program and framework
  • Conduct Third Party thematic and product oversight reviews in the region (Across all sectors)
  • Independently assess Enterprise Third Party Risk and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
  • Provide challenges on Key Indicators and Material Operational Risks; Aid in the establishment of appropriate risk indicators.
  • Identify emerging operational risks related to Third Party Risk in the context of the current economic, regulatory, and business environment and assure that measures are being taken to mitigate these risks
  • Ensure FLOD program is effective and within in Risk Appetite set by Citi.Key Responsibilities:Process:
    • Conduct and participate in various end to end third party risk management reviews across the global portfolio.
    • Develop, implement, and analyze MIS reports to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
    • Guide and assist in the implementation of sound and effective third party risk processes across the enterprise, sectors, and regions
    • Provide counsel on third party related risk issues, ensuring an independent review of policy compliance. -
    • SME challenge in Third Party risk-related scenarios
    • Collaborate with other horizontal Risk SMEs (Compliance Risk, Credit Risk, Fraud, Technology, etc.) as needed to manage risks across the Third Party Risk LifecyclePeople:
      • Assist Third Party Risk Oversight management and their teams to manage staff including training and career development plans and to ensure high morale among prevention, detection, and recovery staff.
      • Champion third party risk awareness and best practice sharing with various stakeholders and aid in the development of third party risk management training modules.
      • Raise the level of third party risk awareness among global, sector, and country third party risk officers and other related staff.Qualifications:Knowledge/Experience:
        • 12+ years in Operational Risk Management, Third Party Risk Oversight, Information Security, or Business Continuity/Operational Resiliency
        • Thought leadership and clarity in presenting ideas to senior management.
        • Experienced Operational Risk and Third Party Risk Management practitioner with extensive first Line and/or second Line experience
        • Understanding and management of various drivers and metrics and the impact on Citi's ability to manage third party risk -
        • Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
        • Demonstrated effectiveness across all components within Third Party Risk management and the TP Lifecycle.Skills:Management:
          • Ability to work effectively with individuals with diverse backgrounds and positions
          • Ability to drive change to business practices by working effectively. Self-starting with the ability to multitask and prioritize
          • Ability to work independently
          • Ability to communicate complex analytical ideas effectively and persuasively
          • Ability to influence and stablish relationships with key stakeholders from remote locations
          • Client-focused and open to different ideas/viewpoints.Functional Background:
            • Project management
            • Understanding of consumer banking business , systems and processesTechnical Skills:
              • Demonstrated analytical skills with follow-up and problem-solving capability
              • Ability to analyze a process and recommend ways to improve quality, controls, and efficiency
              • Thorough understanding of global Third Party Risk practices and industry trendsCompetencies
                • Operational Risk skills and understanding
                • Strong business drive and ability to mobilize organizational commitment and support for Global Programs
                • Regulatory Risk and Compliance
                • Leadership skills and ability to deliver results, working with cross-functional and virtual teams
                • Good business understanding and working knowledge of Risk, Legal, Operations, Technology and FinanceEducation:
                  • University degree; Graduate or postgraduate in Business Administration, Finance, Risk, or any other computationally intensive discipline.
                  • Certification within the Third Party Risk Management (CTPRP, CISM, CRISC etc.) a plusExceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Operational Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Primary Location:New York New York United States------------------------------------------------------Primary Location Salary Range:$152,050.00 - $228,080.00------------------------------------------------------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 .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Clearwater , Operational Risk Third Party Oversight Functional Lead - SVP, Other , Clearwater, Florida

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