Third Party Risk Management Intermediate Analyst – C11 (Hybrid) CHENNAI

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.

Team/Role Overview

Opportunity to work in a dynamic team that supports every business and functions Third Party Governance needs within TPM International.

The role applies project management skills, in-depth disciplinary knowledge, contributing to the development of new processes and the improvement of work-flows and controls for Third Party Management International team.

regulatory requirements.

Key Responsibilities:

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

1. Governance Oversight:

• Driving Compliance: Ensure effective adherence to local and global third-party risk management regulations, policies, and standards

• Supporting Governance Forums: Provide active support to Cluster and Country Third Party Governance Forums, facilitating communication and collaboration.

• Stakeholder Management: Collaborate closely with stakeholders across the Europe Cluster, including country-level teams, to ensure alignment with the TPM framework and address any compliance gaps.

• Issue Escalation: Proactively identify and escalate potential risks and compliance issues to relevant stakeholders, including In-Business Risk, Third Party Officers, and Business Activity Owners.

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.

• Process Enhancement: Critically evaluate existing TPM practices and identify opportunities for improvement. Lead initiatives to enhance standards, procedures, controls, and governance processes, ensuring the ongoing sustainability and optimization of the TPRM program in Malaysia.

3. Advisory & Support:

• TPM Policy Guidance: Provide expert guidance and support to country business teams on interpreting and implementing Third Party Risk Management policies, regulations, and local procedures.

• Audit & Regulatory Exam Support: Collaborate with internal and external stakeholders, including Independent Operational Risk Management, Compliance, Internal Audit, and Regulators, to facilitate audits, regulatory examinations, and information requests.

• Transformation Initiatives: Actively participate in and contribute to the execution of Third-Party Management Transformation Program initiatives as directed by Global programs.

Qualifications:

• 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.

• ​TPRM Expertise: Demonstrated knowledge of Third-Party Risk Management frameworks, risk management methodologies, and relevant regulatory requirements.

Qualifications:

• 2-5 years relevant experience working on project management activities including regulatory change and remediation work

• Good at stakeholder management and working collaboratively with partnering teams to achieve an outcome

• Good Excel and Powerpoint skills

Education:

• Bachelor’s/University degree