Global Third Party Risk Oversight Manager, Citi

Global Third Party Risk Oversight Manager

Citi

Location:

Hungary, Budapest

Category:

Finance

Contract Type:

Employment contract

Salary:

Not provided

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Job Description:

The mandate of the Independent Operational Risk Management function is to drive comprehensive and consistent practices designed to identify, measure, monitor, report and manage risks while promoting the implementation of actions to address root causes which may lead to unintended losses. This position will be part of a high-caliber team challenging Citi’s effort to mitigate Third Party Operational Risk.

Job Responsibility:

Drive comprehensive and consistent practices to identify, measure, monitor, report and manage risks
Serve as an independent Third-Party Risk manager with focus on Citi’s Party Third Management Policy and ORM Third Party Risk Standard
Guide actions to address the root causes that lead to operational persist risk
Lead, Conduct and participate in end-to-end third party risk management reviews across the global portfolio
Ensure efficient operation of Risk Governance framework and managing operational risk within defined Risk Appetite parameters
Develop, implement, and analyze MIS reports to identify areas of excessive risk and ensure effectiveness of mitigation efforts
Guide and assist in the implementation of sound and effective third-party risk processes across the enterprise, sectors, and regions
Provide counsel on third party related risk issues and ensure an independent review of policy and regulatory compliance
Collaborate with other Risk SMEs (Compliance Risk, Credit Risk, Fraud, Technology, etc.) to manage risks across the Third-Party Risk Lifecycle.

Requirements:

Bachelor’s/University degree or equivalent experience
8+ years of experience in Operational Risk Management, Third Party Risk Oversight, Compliance, or Business Continuity/Operational Resiliency
Understanding of Third Party Risk management lifecycle and risk assessment processes
Thought leadership and clarity in presenting ideas to senior management
Proven technical knowledge of Third-Party Risk principles and processes, to include up to date knowledge of current technology solutions, including Cloud
Experience in implementing risk processes across a large and diverse organization
Knowledge of regulatory requirements underpinning the Third-Party Risk Management and Outsourcing Lifecycle (OCC/FRB/EBA/PRA/MAS, etc).

Nice to have:

Proficiency in the use of MIS and other risk management tools
Excellent project management skills to oversee risk reviews and mitigation efforts
Strong communication skills to provide counsel and collaborate with various stakeholders
Ability to challenge and scrutinize established practices
Strong collaboration skills to work with different risk SMEs
Problem-solving skills to identify and address root causes leading to operational risk losses.

What we offer:

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.

Additional Information:

Job Posted:

March 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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