AVP, Third Party Risk Management (Chennai)

Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services for Citigroup and manages the risk associated with Citi's use of and reliance upon third party relationships, including outsourced arrangements, across all business lines and locations. P&TPM defines and oversees the implementation of policies and standards that provide controls to assess and manage risk related to Citi's third-party relationships and outsourcing arrangements. The goal of P&TPM is to support Citi's selection and management of third-parties capable of providing products and services in a safe and sound manner and at a reasonable cost and to manage the risk associated with third parties.

Responsibilities:

• Drive the root cause analysis of third-party risk issues, and work with business and in business risk and control, on effective correction action plans.

• Partner with Country Third Party Risk Management Leads, Businesses, including Chief Country Officers, to properly assess broader impact, and require implementation of correct action plans where broader applications was identified.

• Support enhancement opportunities to standards and procedures, control and governance processes, to help ensure sustainability and optimization of the TPM landscape.

• Leverage change management approaches and methods, assess capacity and readiness for change. Use the assessment to work with P&TPM and business leaders to establish implementation plan for process improvement/transformation.

• Partner in supporting updates, reviews and request fulfilment to Independent Operational Risk Management, Compliance, Internal Audit and Regulators.

• Support the committees/forums as per charter and ensure that all discussions/actions are documented and communicated to all members.

• Responsible in maintaining country TPM procedure and ensure both Global policies and standards, and Local Regulation requirement are met. This includes overseeing and maintaining of local third-party inventory, and the end-to-end life cycle of TPM (not limited to onboarding assessment, continuous monitoring, termination process).

Qualifications:

• 7+ years of experience

• In-depth knowledge of TPRM frameworks, risk management methodologies, and regulatory requirements.

• Strong ability in analyzing complex risks, identifying root causes and develop practical solutions. Detailed-oriented with a structured and logical approach to problem-solving.

• Excellent interpersonal and communication skills, with proven ability to build strong relationships across functions, and skilled in influencing and collaborating with stakeholders at all levels.

• Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.

• Ability to thrive in small, high performing team environment. Proactive, self-driven and capable of managing multiple priorities in fast-paced setting.

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree.