Business Risk Officer, Vice President - Singapore
The Third Party Officer (TPO) is responsible to focus on those third party relationships which carry the highest degree of risk for Citi’s businesses. The TPO requires in depth business product knowledge and expertise and will support the management of third party relationships across all stages of the lifecycle. The TPO will work in concert with the Business Activity Owners (BAO), business operations and technology teams, as well as internal functions, to identify, manage and mitigate risks.
Responsibilities:
Complete initial Risk Assessment for third party and reevaluate as required; identify any significant changes in relationship to trigger update of Risk Assessment
Collaborate with business and other relevant stakeholders to ensure contracts meet Citi requirements
Verify third party’s compliance to required policies and controls
Interact with BAOs and third parties on escalations of non-performance and contractual issues to drive resolution when appropriate
Maintain summary dashboard and manage third party performance, including SLA breaches
Review, assess and act on results of Risk Management Assessments/Analysis (including but not limited to: IS, COB, DPO, Export, Credit Risk, Country Risk, Financial Evaluations, etc.)
Lead remediation of any issues or gaps identified from ongoing monitoring
Define risk mitigation strategies and risk exceptions based on the business’ risk appetite
Monitors exceptions to dispute policy and identifies drivers of exceptions
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:
5-8 years relevant work experience in Business Risk & Controls
MS Excel, MS Access, SAS, SQL, Visual Basic a plus. 5+ years’ experience in financial services.
Consistently demonstrates clear and concise written and verbal communication skills
Effective organizational influencing skills required
Third party vendor management preferred. Demonstrated ability to lead global team efforts
Excellent problem solving skills
Ability to see the big picture with high attention to critical details
Education:
Bachelor’s/University degree or equivalent experience, potentially Masters degree
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Job Family Group:
Risk Management------------------------------------------------------
Job Family:
Business Risk & Control------------------------------------------------------
Time Type:
Full time------------------------------------------------------
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.
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