AVP - UK Cluster TPM Analyst (Hybrid) Mumbai

About Citi:

Citi is a leading global bank with a vast customer base and operations in over 160 countries. We provide a wide range of financial products and services to consumers, corporations, governments, and institutions. Our core activities revolve around safeguarding assets, lending, facilitating payments, and providing access to capital markets.

About Procurement and Third-Party Management (P&TPM):

P&TPM plays a critical role in procuring products and services for Citigroup while managing the associated risks of third-party relationships. This includes overseeing outsourced arrangements across all business lines and locations. We define and implement policies and standards to assess and manage these risks, ensuring that third parties provide services safely, soundly, and cost-effectively.

About the Role:

We are seeking a highly motivated and detail-oriented individual to join our International Third-Party Management team in the United Kingdom Cluster. This role will be instrumental in ensuring ongoing compliance with UK Third Party Management regulations which requires overseeing and managing third-party relationships, ensuring compliance with internal policies and regulatory requirements.

Key Responsibilities:

This role offers a unique opportunity to contribute to the robust Third-Party Risk Management (TPRM) framework within Citi's Third Party Management team in United Kingdom. You will play a crucial role in ensuring compliance with internal policies, regulatory requirements, and industry best practices. Your responsibilities will encompass:

Governance Oversight:

• Register maintenance - Execute and maintain the Committee Register, Reconciliation and Validation Processes including annual production of the Annual Material Register and submission to the Regulator within required timeline including maintaining required processes document and evidence of execution / approvals.

• Supporting Governance Forums: Provide active support to Country Third Party Governance Forums, facilitating communication and collaboration.
• Identify new and material changes to Third Party relationships received by the UK directly or indirectly via Inter-affiliate subcontracting including maintaining required processes document and evidence of execution / approvals.
• Work with Initiative Owners to ensure that required initiative and risk information is captured correctly within UK materiality forms, including UK Senior Manager / Delegate approvals and Product / Function ICRM approval to proceed.

2. Risk Management:

• Monitoring & Analysis: Continuously monitor Key Risk Indicators (KRIs) to identify emerging third-party risks. Conduct thorough root cause analyses to understand underlying issues and develop effective mitigation strategies.

3. Advisory & Support:

• TPM Policy Guidance: Provide expert guidance and support to Initiative Owners / UK Service Recipient Owners / Business Activity Owners on interpreting and implementing local procedures.
• Regulatory Change Management: Interpretation and implementation of the UK Regulators Material outsourcing register requirements including engagement of 2nd and 3rd line to ensure ongoing compliance
• Transformation Initiatives: Actively participate in and contribute to the execution of Third-Party Management Transformation Program initiatives as directed by Global programs.

Qualifications:

• Experience: 5-8 years of proven experience in managing or participating in projects and teams within the finance sector, with at least 2 years in a professional management role.
• TPRM Expertise: Demonstrated knowledge of Third-Party Risk Management frameworks, risk management methodologies, and relevant regulatory requirements.
• Analytical & Problem-Solving Skills: Strong analytical and problem-solving abilities, with a keen eye for identifying root causes and developing practical solutions. Detail-oriented approach and a structured, logical problem-solving mindset.
• Communication & Collaboration: Exceptional interpersonal and communication skills, with a proven ability to build strong relationships across functions and influence stakeholders at all levels.
• Governance & Compliance: Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.
• Proactive & Adaptable: Proactive, self-driven, and capable of effectively managing multiple priorities in a fast-paced, dynamic environment.