Citi Group Operational Risk Analyst II - C10 CHENNAI 

India, Tamil Nadu, Chennai 

568534124

The Third-Party Risk Analyst III will be responsible for executing day-to-day activities in support of Citi’s Third-Party Management Program, including the implementation of key, standardized processes related to compliance with Citi’s policies and standards; guiding internal stakeholders; Strong communication and diplomacy skills is required. Takes overall responsibility for volume, quality, timeliness of end results; Provide guidance to internal stakeholders; monitoring the timely and effective completion of activities related to Third Party lifecycle; and ensuring data accuracy for the reporting of third-party related metrics.

Responsibilities:

• Looks for ways to improve the current process and share best practices with management team.
• Participates in team meetings to analyze documentation and processes to ensure risks and control points are properly addressed.
• Assists management group in gathering data and information for supervisors reporting and to take ownership of specified projects and tasks.
• Demonstrate Strong knowledge about Third Party Lifecycle Management, Regulatory guidelines Contract Terms & conditions, Information Security, Regulations (OCC, GDPR, Data Privacy Laws, and Country specific Local Laws etc.)
• Providing process guidance and support to Third Party Officers (TPOs), Business Activity Owners (BAOs) and other business stakeholders on end-to-end Third-Party Management requirements and set up periodical review meeting with all the stakeholders.
• Facilitating and coordinating with various Policy Owners in areas such as Data Privacy, Export Licensing, Information Security and Continuity of Business (CoB)
• Provide guidance to junior TPU analysts on the process execution.
• Act as Level 2 Reviewer in the team and guide the team members as needed.
• Verify if third parties’ policies and procedures are complaint to Citi’s policies and procedures. Identify and report gaps if any, to senior management.
• Identify opportunities for better control and productivity enhancement through various process reengineering initiatives and automation projects including but not limited to Robotic Process Automations.
• Analyzing the data and forecast trends with respect to inherent risk associated with third parties and build controls to mitigate such risks
• Work with Operations standards team to identify the process gaps and take measures in mitigating the same.
• Provide all data related to management team for Internal and external Auditors and ensure timely and accurate submission of all deliverables and ensure that all comments are addressed, observations are reported correctly, and corrective action is taken accordingly
• Initiate process changes in line with new emerging risks and regulatory requirements.

Qualifications:

• Minimum 8+ years of working experience in financial services / Banking industry
• Preferred 3+ years of direct, relevant experience in third-party risk management or operational risk management or Audit related work
• Knowledge of third-party management risk and control methodologies and best practices
• Team management skills preferred
• Supply chain management experience preferred

Education:

• Bachelor’s degree required.
• Master’s Degree preferred.
• Professional Qualifications including CA/ICWA/ACS etc

Time Type:

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