Senior Third Party Risk Management Specialist - Inter-Affiliate Risk

Discover your future at Citi

Working at Citi is far more than just a job. A career with us means joining a team 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.

Job Overview

Are you looking for a career move that will place you in a global financial organization? Then bring your skills in analysis, problem solving, communication and stakeholder engagement to Citi’s Third Party Risk Dedicated Support Team.

We are a people-oriented organization that appreciates and promotes personal and professional aspirations. Our corporate culture is empathic: we acknowledge life-work balance throughout your career path.

By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Team/Role Overview

The Inter-Affiliate Support Team handles various third party risk management related activities for our internal third parties. The team collaborates with both local and global teams to make sure that each of the Third Party Relationships under the Service Provider are being appropriately onboarded and then monitored in compliance with Citi’s Third Party Management Policy and all the applicable regulations.

What you’ll do

• Deep Expertise: Help develop a center of excellence with expertise in both TPM and HR's Inter-Affiliate service catalog across business lines and countries.
• Process Transformation: Analyze the current business model and re-engineer processes for optimized efficiency and a best-in-class risk framework.
• Billing Expertise: Partner with Finance to ensure accurate billing for HR services within the Allocation Processing System (APS). This requires a deep understanding of cost allocation processes.
• Audit & Regulatory Support: Assist HR Control Team in obtaining deliverables for audits and regulatory exams.  Reduce burden on individual HR teams and ensures consistent responses
• Oversee and execute the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks
• Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices
• Participate with senior leadership meetings to analyze documentation and processes to ensure risks and control points are properly addressed
• Assist senior level management in gathering data and information for executive level reporting and to take ownership of specified projects and tasks
• Build trusted internal and external customer relationships

What we’ll need from you

• 5-8 years of working experience, preferably in Third Party Operational Risk
• University/College degree
• Excellent verbal and written English, additional language capabilities a plus
• Strong analytical and communication skills
• Strong PC skills in Excel, Word.
• Minimum 1 year of Operational Experience including delivering in a high-volume, goal-based production/operations-based environment

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

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 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.

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Job Family Group:

Project and Program Management

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Job Family:

Program Management

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Time Type:

Full time

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Most Relevant Skills

Please see the requirements listed above.

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Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

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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 Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.