Citi Group Agent Bank Risk Oversight Officer 

Hungary 

906217701

The Agent Bank Risk function is responsible for managing risks associated with External Third-Party Correspondent, Custody and Clearing Banks, which are (generally) regulated financial institutions that provide operational banking services to Citi.

Responsibilities:

• Perform due diligence review over the third party agent bank portfolio of BNM
• Work closely with the Relationship Head for NAM/LATAM clusters & Agent Bank Risk and other BNM teams to deliver goals set forth in individual goalsetting as well as ‘Must win battles’ for BNM
• Help to co-ordinate department deliverables and contribute to projects
• Contribute to the onboarding and integration of the third party vendor application to automate the due diligence framework for BNM
• Gain thorough knowledge and understanding of Citi Third Party Risk Management requirements on an ongoing basis
• Contribute to BNM efforts to coordinate Third Party Risk Management activities
• Evaluate current market conditions and provide insight on trends/issues
• Complete initial Risk Assessment for third party and reevaluate as required; identify any significant changes in relationship to trigger update of Risk Assessment
• Verify third party’s compliance to required policies and controls
• Develop, document and update Citi’s Exit Strategy Plans as required; when the exit strategy poses significant risk to Citi, work with business contacts to establish appropriate risk mitigation activities to minimize risk to Citi
• Interact with third parties on escalations of non-performance and contractual issues to drive resolution when appropriate
• Monitor third party performance and SLAs, either directly or through coordination with other Citi stakeholders
• Maintain summary dashboard of third party performance and understand performance, including SLA breaches
• Review, assess and act on results of TPRM assessments/controls (e.g., IS, CoB, DPO, Export, Credit Risk, Country Risk, Financial Evaluations)
• Own remediation of issues or gaps identified as part of ongoing monitoring
• Define risk mitigation strategies & risk exceptions based on business’ risk appetite
• Provide thought leadership to drive supplier optimization and efficiencies
• Enhance productivity of third party service delivery and identify cost reduction opportunities from efficiency/alternative demand scenarios
• Standardize SLA performance monitoring measures for like services, where possible
• As appropriate, interact with larger TPO community and/or ESC category leads for sharing of best practices and coordination of services
• Provide data to succinct executive briefs; contribute to prepare and present high-level metrics to applicable Citi senior management and stakeholders
• Serve as point of contact to ensure that third party’s remediation of audit or exam issues is sufficient, and escalate as necessary

Ideal background:

• 10+ years of relevant experience in Supply Chain Management, risk management and/or regulatory compliance in one or more of the following risk disciplines: technology risk, business continuity, operational risk, supplier risk, or audit and controls
• Broad knowledge of other risk areas, with strong understanding of supplier or third-party risk impact in a financial services company is a plus
• Minimum BS/BA degree. Advanced degree a plus
• Demonstrates knowledge of in-scope business and product areas
• Excellent communication skills in English, both oral and written, with the ability to articulate complex and sensitive issues to management
• Experience in Supply Chain Management and interacting with suppliers’ management with the ability to exercise sound, timely and independent judgment
• Demonstrates understanding of operational capabilities of suppliers across applicable business types
• Ability to organize and prioritize multiple deliverables while working with minimal supervision in a large, global corporate environment

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• 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

Time Type:

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