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ICG Risk and Controls: Third Party Risk Management Alternate Control Framework VP

Job Req ID 22538358 Primary Location Jersey City, New Jersey; O'Fallon, Missouri; Irving, Texas; Rutherford, New Jersey Job Category Risk Management
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Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries  and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products  and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Our core activities are safeguarding assets, lending money, making payments and accessing  the capital markets on behalf of our clients.

Citi is currently seeking an ICG Third Party Risk Management Alternate Control Framework (ACF) Risk Analyst.  The Analyst will support the Manager of ICG ACF and Internal Third Party Risk Management.   This role will lead and support the end-to-end design, implementation, and oversee execution of ACF related Third-Party Risk Management (TPRM) policies, standards, and related controls and processes within the ICG Business. 

The ICG TPRM ACF Risk Analyst has an important role in assessing, escalating and supporting risk mitigation efforts associated with ICG’s network of external third parties included in ACFs. The candidate must have strong Third-Party Risk Management experience and have knowledge of regulatory requirements for Third Party Risk Management and Controls. The candidate must have strong leadership, communication skills and demonstrate a record of accomplishment and excellence in delivery.

Responsibilities:

  • Provide effective support, influence and execution of ICG’s strategic direction for TPRM ACF governance and processes.  This includes design, implementation, and effective execution of applicable policies, procedures, technology and tools, operating model, training, control and governance processes to create sustainable solutions.
  • Work closely with Enterprise ACF leads, ACF Category Owners and ICG Lines of Business to adopt effective standards to evaluate the effectiveness of applicable controls to manage third party risks within ICG

The Operational Risk Officer is a strategic professional who stays abreast of developments within own field and contributes to directional strategy by considering their application in own job and the business. Recognized technical authority for an area within the business. Requires basic commercial awareness. There are typically multiple people within the business that provide the same level of subject matter expertise. Developed communication and diplomacy skills are required in order to guide, influence and convince others, in particular colleagues in other areas and occasional external customers. Significant impact on the area through complex deliverables. Provides advice and counsel related to the technology or operations of the business. Work impacts an entire area, which eventually affects the overall performance and effectiveness of the sub-function/job family. 

Responsibilities:

  • Establishes and oversees 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.
  • Governance and oversight may include (not limited to) technology operational risk, risk for example.
  • Serves as a subject matter expert for Issues Management (KPI/KRI/Corrective Action Plans)
  • Resolves transactional level escalations coming from the vendor or internal partners
  • Analyzes a multitude of scorecards/performance management tools in an attempt to mitigate exposure (risk/financial/regulatory)
  • Monitors goals are met through performance, risk and relationship oversight of our extended supply chain
  • Collaborates to resolve any issues which fall within the terms of the contract.
  • Develops and maintains relationships across the business users and Lines of Defense to better understand and deliver customer requirements by responding to changes in the internal and external business environment
  • Has the ability to operate with a limited level of direct supervision.
  • Can exercise independence of judgement and autonomy.
  • Acts as SME to senior stakeholders and /or other team members.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

 Qualifications:

  • 6-10 years experience navigating and networking across an enterprise utilizing internal and external resources Third Party Oversight/Vendor Oversight experience preferred Business writing experience preferred
  • Excellent communication skills – verbal & written

   Education: 

  • Bachelor’s/University degree, Master’s degree preferred

Jersey City Salary Range: $120,710.00 - $181,070.00 USD Annual

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

Full time

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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

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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.

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