Senior Risk Analyst - Third Party Management

Are you looking for a career move that will put you at the heart of a leading financial institution? Then bring your skills in risk & control and third-party management oversight to Citi’s Procurement and Third-Party Management Team.

Team/Role Overview

Procurement and Third-Party Management (P&TPM) plays a critical role in procuring products and services for Citigroup while managing the associated risks of third-party relationships.

This includes overseeing outsourced arrangements across all business lines and locations.

We define and implement policies and standards to assess and manage these risks, ensuring that third parties provide services safely, soundly, and cost-effectively.

This role offers a unique opportunity to contribute to the robust Third-Party Risk Management (TPRM) framework within Citi's Europe Cluster. You will play a crucial role in overseeing and managing third-party relationships, ensuring compliance with internal policies, regulatory requirements, and industry best practices.

Your responsibilities will encompass:

1. Governance Oversight by:

• Driving Compliance: Ensure effective adherence to local and global third-party risk management regulations, policies, and standards across the Europe Cluster.
• Supporting Governance Forums: Provide active support to Cluster and Country Third Party Governance Forums, facilitating communication and collaboration.
• Stakeholder Management: Collaborate closely with stakeholders across the Europe Cluster, including country-level teams, to ensure alignment with the TPM framework and address any compliance gaps.
• Issue Escalation: Proactively identify and escalate potential risks and compliance issues to relevant stakeholders, including In-Business Risk, Third Party Officers, and Business Activity Owners.

2. Risk Management by:

• Monitoring & Analysis: Continuously monitor Key Risk Indicators (KRIs) to identify emerging third-party risks. Conduct thorough root cause analyses to understand underlying issues and develop effective mitigation strategies.
• Collaboration with Business Units: Partner with business units, including senior leadership like the Chief Country Officer and Head of Operations, to assess the broader impact of identified risks and implement corrective action plans.
• Process Enhancement: Critically evaluate existing TPM practices and identify opportunities for improvement. Lead initiatives to enhance standards, procedures, controls, and governance processes, ensuring the ongoing sustainability and optimization of the TPRM program.

3. Advisory & Support by:

• TPM Policy Guidance: Provide expert guidance and support to country business teams on interpreting and implementing Third Party Risk Management policies, regulations, and local procedures.
• Regulatory Change Management: Stay abreast of evolving regulatory landscapes and partner with country teams to assess the impact of regulatory changes on third-party relationships.
• Audit & Regulatory Exam Support: Collaborate with internal and external stakeholders, including Independent Operational Risk Management, Compliance, Internal Audit, and Regulators, to facilitate audits, regulatory examinations, and information requests.
• Transformation Initiatives: Actively participate in and contribute to the execution of Third-Party Management Transformation Program initiatives as directed by Global programs.

What we’ll need from you:

• Experience: 5-8 years of proven experience in managing or participating in projects within the finance sector
• TPRM Expertise: Demonstrated knowledge of Third-Party Risk Management frameworks, risk management methodologies, and relevant regulatory requirements.
• Governance & Compliance: Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.
• Fluent English knowledge, any other language is an advantage
• Communication & Collaboration: Exceptional interpersonal and communication skills, with a proven ability to build strong relationships across functions and influence stakeholders at all levels.
• Analytical & Problem-Solving Skills: Strong analytical and problem-solving abilities, with a keen eye for identifying root causes and developing practical solutions. Detail-oriented approach and a structured, logical problem-solving mindset.
• Proactive & Adaptable personality: Proactive, self-driven personality who is capable of effectively manage multiple priorities in a fast-paced, dynamic environment.

What we can offer you:

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 model)
• 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.

------------------------------------------------------

Job Family Group:

------------------------------------------------------

Job Family:

------------------------------------------------------

Time Type:

------------------------------------------------------

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.

View the Pay Transparency Posting