Operational Risk Third Party Oversight Functional Lead - SVP

Company: Citi
Location: Bogota
Posted on: May 15, 2022

Job Description:

The Operational Risk Management (ORM) team at Citi is part of the second line of defense intended to provide oversight over many operational risks across the Bank. - ORM's mission 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.As a member of the -broader Enterprise Technology and Cyber Risk team within Operational Risk Management, the role applicant will be a proactive and pragmatic risk manager who understands the risk of supply chain, third party, and outsourcing exposure and can expertly articulate views, provide challenge and risk opinions at various levels in the organization. - Excellent communication skills are required to guide, influence and build relationships across all line of defense. The role also requires attention to detail and comprehensive experience in all aspects of Third Party Risk Management and the Third Party Lifecycle.Responsibilities include:

• Work closely with the Head of TPRO on implementation and sustainment of a robust program to perform end-to-end reviews of Third Party Risk Lifecycle, Third Party Risk Assessment Processes, Outsourcing, Alternative Third party frameworks (FMIs, Broker Dealers, etc), and Inter-affiliate Service structure
• Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
• Provide challenges on Key Indicators and Material Operational Risks; Aid in the establishment of appropriate risk indicators.
• Identify emerging operational risks related to Third Party Risk in the context of the current economic, regulatory and business environment and assure that measures are being taken to mitigate these risks.
• Analyzes operational risk data (typically losses, metrics or assessment results) to identify areas of excessive risk and to ensure that mitigation efforts are having the desired effect(s).
• Apply operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
• Ensure FLOD program is effective and within in Risk Appetite set by Citi.
• Investigates causes for metrics that are deviating from trends and escalate situations that pose excessive risk(s).
• Identifies root causes of major internal losses and ensure actions are taken to reduce the risk of loss from similar causes.
• Supports corporate initiatives, including those related to Operational Risk.
• Lead and coordinate test of controls and challenge sampling to ensure the appropriate level of coverage for the review of the Third Party and Outsourcing Risk and all associated documentation.
• Assist in key policy adherence and monitoring/reporting
• Keep Management aware of the risk and control environment through continuous and open communication, and follow-up on issues, concerns, and corrective action plans.
• Ensure adherence to the Citi Operational Risk Policy regarding operational loss approvals and reporting.
• Collaborate with other horizontal Risk SMEs (Fraud, Technology, etc.) as needed to manage risks across the Third Party Risk Lifecycle
• Serve as main point of contact for audit groups for Third Party Risk related open issues and ensure that all audit requests are timely and appropriately provided.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy.
• Applies sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing, and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.Qualifications:
  • Experienced Operational Risk and Third Party Risk Management practitioner with extensive first Line and/or second Line experience
  • Excellent oral and written communications skills; Must be articulate and persuasive.
  • Ability to drive change to business practices by working effectively. Self-starting with the ability to multitask and prioritize
  • Ability to work in a team environment, listen and work well with others
  • Client-focused and open to different ideas/viewpoints.
  • Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.
  • Demonstrated analytical skills with follow-up and problem-solving capability
  • Ability to analyze a process and recommend ways to improve quality, controls, and efficiency
  • Demonstrated effectiveness across all components within Third Party Risk management and the TP Lifecycle.
  • Demonstrated data analysis skills
  • > 5 years' experience in Operational Risk Management, Third Party Risk Oversight, Information Security, or Business Continuity/Operational ResiliencyEducation:
    • Bachelor's/University degree, or a minimum of 10 years equivalent experience
    • Certification within the Third Party Risk Management (CTPRP, CISM, CRISC etc.)-------------------------------------------------Job Family Group: Risk Management-------------------------------------------------Job Family:Operational Risk------------------------------------------------------Time Type:Full time------------------------------------------------------Citi is an equal opportunity and affirmative action employer.Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review .View the "" poster. View the .View the .View the -----------------------------Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

Keywords: Citi, Clifton , Operational Risk Third Party Oversight Functional Lead - SVP, Other , Bogota, New Jersey