VP, Third Party Risk Management (C13 - CHENNAI)

Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services and managing the risk associated with Citi's third-party relationships, including outsourced arrangements. This role, based in Chennai, is part of the TPM International team, covering the JANA and Asia South clusters, blends leadership and hands-on support. The VP will execute and oversee the implementation and adherence to global TPM policies and standards, as well as local regulations, while providing crucial support to in-country teams. This role requires a strategic thinker with strong collaboration and communication skills, capable of navigating complex regulatory landscapes, and comfortable balancing strategic oversight with direct support to teams.

Responsibilities:

• Risk Management & Support: Provide leadership and/or hands-on support for third-party risk management activities across cluster/countries, offering expert guidance and resources to in-country teams.

• Root Cause Analysis and Corrective Action: Lead and support root cause analysis of third-party risk issues, partnering with business and risk control functions to develop and implement effective corrective action plans, considering regional and cross-border implications.

• Continuous Improvement and Optimization: Proactively identify and implement opportunities to enhance third-party risk management standards, procedures, controls, and governance processes, working closely with in-country teams. Support process improvement and transformation initiatives.

• Change Management: Facilitate change management, assessing readiness and developing plans in collaboration with in-country teams. Ensure smooth transitions and adoption of new processes.

• Stakeholder Management and Collaboration: Build and maintain strong relationships with key stakeholders, including regional and country Third-Party Risk Management leads, business unit heads, Compliance, Operational Risk, Internal Audit. Foster a collaborative environment across functions and locations.

• Regulatory Compliance: Support in-country teams in maintaining TPM procedures aligned with Global policies, standards, and Local Regulatory requirements across the designated regions. Oversee local third-party inventories and support the full lifecycle of TPM, including onboarding assessments, continuous monitoring, and termination processes.

• Reporting and Governance: Support relevant committees and forums, documenting and communicating discussions and actions. Provide regular updates and reporting on key risk indicators.

Qualifications:

• 10+ years of experience in third-party risk management, preferably within the financial services industry.

• In-depth knowledge of TPRM frameworks, risk management methodologies, and regulatory requirements, specifically within Asia South jurisdictions.

• Proven ability to analyze complex risks, identify root causes, and develop practical solutions.

• Strong leadership, interpersonal, and communication skills, with an emphasis on collaboration and support.

• Experience in influencing and collaborating with stakeholders across multiple functions and locations.

• Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.

• Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities simultaneously.

• Bachelor's/University degree required;

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