Citi Group Director- Procurement Third-Party Management 

India, Maharashtra, Mumbai 

377870363

Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services for Citigroup and manages the risks associated with Citi’s third-party arrangements, across all business lines and locations. P&TPM defines and oversees the implementation of policies and standards that provide controls to assess third parties and outsourcing arrangements. The goal of P&TPM is to support Citi’s selection and management of third parties capable of providing products and services in a safe and sound manner and at a reasonable cost and to manage the risks associated with third parties.

Key Responsibilities:

• Develop strategy, working framework and execute on P&TPM comprehensive remediation plans to address compliance deficiencies identified by regulators and internal audits.
• Develop cross-functional relationships with stakeholders to ensure successful execution of the plan.
• Identify, analyze risks, and develop strategies to mitigate them.
• Provides regular updates and reports to senior management and at necessary governance forums regarding the progress of the remediation plan.
• Develop and maintain best practices for regulatory compliance and ensure adherence to these practices.
• Maintain knowledge of third-party risk management and their associated compliance requirements
• Partner with P&TPM management and their organizations on third-party risk, remediation, and strategies to ensure robust operational risk management capability and effective management of third-party inventories including outsourcing.
• Proactively identify continuous improvement opportunities to de-risk P&TPM Operations
• Manage a small team of individuals with similar capabilities.

Qualifications:

• Extensive experience in audit, risk and control, supervision, quality assurance / control and monitoring processes.
• Extensive experience in risk and control (including regulatory) remediation activities.
• Ability to effectively drive and lead change in an organization with Citigroup’s size.
• Meaningful knowledge of the risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
• Experience working horizontally across an organization and participating in enterprise-wide implementations of major policy and relevant risk programs.
• Broad understanding of relevant Third-Party Risk Management regulation and supervisory expectations for large complex financial institutions preferred.
• Well-developed listening skills and a strong ability to engage at the executive management level by providing proactive support and advice on a variety of risk matters.
• Superior oral and written communication skills, and in particular ability to assess and contribute to the content of key risk and control reporting.
• Strong leadership skills and demonstrated experience with a proven track record in driving positive and sustained change.
• Strong ability to engage at the senior management level and demonstrated communication experience at different levels of organization.

Time Type:

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