Global Third Party Risk Oversight Manager – Operational Risk Management

The mandate of the Independent Operational Risk Management function is 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.

The role is to serve as an Independent Third Party Risk manager focused on oversight of Citi’s Global Third Party Risk Management Control/ Due Diligence/ Risk Assessment framework.

Responsibilities:

• Drive comprehensive and consistent practices to identify, measure, monitor, report and manage risks.
• Serve as an independent Third-Party Risk manager with focus on Citi’s Party Third Management Policy and ORM Third Party Risk Standard.
• Guide actions to address the root causes that lead to operational persist risk.
• Lead, Conduct and participate in end -to-end third party risk management reviews across the global portfolio.
• Ensure efficient operation of Risk Governance framework and managing operational risk within defined Risk Appetite parameters.
• Develop, implement, and analyze MIS reports to identify areas of excessive risk and ensure effectiveness of mitigation efforts.
• 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 and ensure an independent review of policy and regulatory compliance.
• Collaborate with other Risk SMEs (Compliance Risk, Credit Risk, Fraud, Technology, etc.) to manage risks across the Third-Party Risk Lifecycle.

Qualifications:

• Bachelor’s/University degree or equivalent experience.
• 8+ years of experience in Operational Risk Management, Third Party Risk Oversight, Compliance, or Business Continuity/Operational Resiliency

Knowledge/Experience

• Understanding of Third Party Risk management lifecycle and risk assessment processes.
• Thought leadership and clarity in presenting ideas to senior management.
• Proven technical knowledge of Third-Party Risk principles and processes, to include up to date knowledge of current technology solutions, including Cloud.
• Experience in implementing risk processes across a large and diverse organization.
• Knowledge of regulatory requirements underpinning the Third-Party Risk Management and Outsourcing Lifecycle (OCC/FRB/EBA/PRA/MAS, etc).

Skills

• Excellent analytical skills to interpret and present complex data.
• Proficiency in the use of MIS and other risk management tools
• Excellent project management skills to oversee risk reviews and mitigation efforts.
• Strong communication skills to provide counsel and collaborate with various stakeholders.
• Ability to challenge and scrutinize established practices.
• Strong collaboration skills to work with different risk SMEs.
• Problem-solving skills to identify and address root causes leading to operational risk losses.

What we can offer you

This role will offer you the opportunity to build a solid understanding of financial services operations and deepen your knowledge about effective regulatory requirements.  Since the regulatory landscape is continuously changing it will support your development that can drive your career.

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• Cafeteria Program

• Home Office Allowance (for colleagues working in hybrid work models)

• Paid Parental Leave Program (maternity and paternity leave)

• Private Medical Care Program and onsite medical rooms at our offices

• Pension Plan Contribution to voluntary pension fund

• Group Life Insurance

• Employee Assistance Program

• Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

• Flexible work arrangements to support you in managing work - life balance

• Career progression opportunities across geographies and business lines

• Socially active employee communities with diverse networking opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive. 

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

#LI-LJ2

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