Global Third Party Risk Oversight Manager

Join our expanding Citi Operational Risk Management Third Party Risk Oversight and Enterprise Resilience Risk Team in Budapest and make your own progress in a supportive and friendly environment!

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.

The role is to serve as an Independent Third Party Risk manager focused on oversight of Citi’s Global Third Party Risk Management Control/ Due Diligence/ Risk Assessment framework.

What you’ll do

• Challenge the Third Party Risk strategy, policy, assessments and projects implemented to support the TPRM program and framework

• Manage Third Party thematic and product oversight reviews in the region (Across all sectors)

• Drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices

• Conduct and participate in various end to end third party risk management reviews across the global portfolio

• Ensure Risk Governance framework operates efficiently, and operational losses are operating within the defined Risk Appetite parameters

• Develop, implement, and analyze MIS reports to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s)

• 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, ensuring an independent review of policy compliance.

• Collaborate with other horizontal Risk SMEs (Compliance Risk, Credit Risk, Fraud, Technology, etc.) as needed to manage risks across the Third Party Risk Lifecycle

What we’ll need from you

• Bachelor’s/University degree or equivalent experience

• Fluent English language skills

• 8+ years of experience in Operational Risk Management, Third Party Risk Oversight, Information Security, 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 and hybrid third party solutions

• Knowledge of regulatory requirements underpinning the Third Party Risk Management and Outsourcing Lifecycle (OCC/FRB/EBA/PRA/MAS, etc)

We are a development-focused organization. The above qualifications and skills are considered as primary assets for the position – but we do not pursue perfectionism: we look for capable colleagues and help them grow to excellence in their fields and positions.

What we can offer you

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

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

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