Hybrid Vice President – Third Party Resilience 2nd LOD Lead Analyst – Risk

at Citi

• Job title: Vice President – Third Party Resilience 2nd LOD Lead Analyst – Risk
• Job type: Full Time
• Experience level: Senior
• Salary: HUF 14,768,850 - HUF 24,762,350 per year
• Degree requirement: Bachelor's Degree
• Tech skills: Cloud
• Location requirements: Hybrid, Budapest, Hungary

About the role

• Vice President responsible for Third-Party Risk Management and resilience initiatives at Citi. Overseeing operational risk policies and collaborating with stakeholders to enhance business resilience.

Responsibilities

• Provide strategic support in the formulation and implementation of operational risk management policies and procedures, prioritizing resilience and third-party risk management
• Oversee Operational Risk Management related to the Third-Party Resiliency program, including business continuity, enterprise resilience, and recovery and resolution planning to ensure the organization’s ability to anticipate, withstand, recover, and adapt to disruptive events
• Manage oversight of Third-Party Risk, including risk assessment, contract execution, and exit strategies for external and internal service providers, ensuring alignment with enterprise risk appetite and regulatory standards
• Oversee risk identification, assessment, and monitoring of external and internal service providers pertaining to concentration risk, dependency mapping, and lifecycle controls
• Provide independent 2nd Line challenge to business and 1st Line processes on third-party resilience standards, onboarding, ongoing monitoring, risk acceptance, and issue remediation
• Drive the identification, measurement, monitoring, and management of residual and emerging risks, ensuring consistent practices across the organization
• Champion continuous improvement initiatives, incorporating lessons learned from resilience tests, simulations, and third-party risk analysis
• Act as a liaison with internal and external stakeholders, fostering effective collaboration in risk management
• Lead oversight reviews, addressing root causes of unintended losses and ensuring policy and regulatory compliance in resilience and third-party risk management
• Assess the effectiveness of business and technology capabilities and controls across the organization, promoting the implementation of sound risk management processes
• Facilitate the dissemination of operational risk management best practices, raising awareness of resilience and third-party risk
• Support oversight activities of first Line of Defense entities that have responsibility for Business Disruption & Safety Risk; including Crisis Management, Continuity of Business processes, People and Premises safety risk, as well as the physical aspects of Climate Risk

Requirements

• 6-10 years of experience
• 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 resilience and 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 resilience and the Third-Party Risk Management and Outsourcing Lifecycle (OCC/FRB/EBA/PRA/MAS, etc.)
• Excellent analytical skills to interpret and present complex data
• 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.

Benefits

• Health insurance
• Retirement plans
• Paid time off
• Flexible work arrangements
• Professional development opportunities