VP, Third Party Risk Management (C13 - CHENNAI)
Citi Bank
2 - 5 years
Chennai
Posted: 30/07/2025
Job Description
Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services and managing the risk associated with Citi's third-party relationships, including outsourced arrangements. This role, based in Chennai, is part of the TPM International team, covering the JANA and Asia South clusters, blends leadership and hands-on support. The VP will execute and oversee the implementation and adherence to global TPM policies and standards, as well as local regulations, while providing crucial support to in-country teams. This role requires a strategic thinker with strong collaboration and communication skills, capable of navigating complex regulatory landscapes, and comfortable balancing strategic oversight with direct support to teams.
Responsibilities:
Risk Management & Support: Provide leadership and/or hands-on support for third-party risk management activities across cluster/countries, offering expert guidance and resources to in-country teams.
Root Cause Analysis and Corrective Action: Lead and support root cause analysis of third-party risk issues, partnering with business and risk control functions to develop and implement effective corrective action plans, considering regional and cross-border implications.
Continuous Improvement and Optimization: Proactively identify and implement opportunities to enhance third-party risk management standards, procedures, controls, and governance processes, working closely with in-country teams. Support process improvement and transformation initiatives.
Change Management: Facilitate change management, assessing readiness and developing plans in collaboration with in-country teams. Ensure smooth transitions and adoption of new processes.
Stakeholder Management and Collaboration: Build and maintain strong relationships with key stakeholders, including regional and country Third-Party Risk Management leads, business unit heads, Compliance, Operational Risk, Internal Audit. Foster a collaborative environment across functions and locations.
Regulatory Compliance: Support in-country teams in maintaining TPM procedures aligned with Global policies, standards, and Local Regulatory requirements across the designated regions. Oversee local third-party inventories and support the full lifecycle of TPM, including onboarding assessments, continuous monitoring, and termination processes.
Reporting and Governance: Support relevant committees and forums, documenting and communicating discussions and actions. Provide regular updates and reporting on key risk indicators.
Qualifications:
10+ years of experience in third-party risk management, preferably within the financial services industry.
In-depth knowledge of TPRM frameworks, risk management methodologies, and regulatory requirements, specifically within Asia South jurisdictions.
Proven ability to analyze complex risks, identify root causes, and develop practical solutions.
Strong leadership, interpersonal, and communication skills, with an emphasis on collaboration and support.
Experience in influencing and collaborating with stakeholders across multiple functions and locations.
Solid understanding of governance frameworks and experience in supporting audits and regulatory reviews.
Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities simultaneously.
Bachelor's/University degree required;
About Company
Citi Bank, officially known as Citibank, is a global financial institution and the consumer division of Citigroup, a leading multinational banking corporation. Established in 1812, Citibank provides a wide range of financial services, including retail banking, credit cards, personal loans, wealth management, and investment banking. With a strong presence in over 100 countries, it serves millions of customers worldwide, offering both individual and business banking solutions. Citibank is known for its digital banking innovations, global reach, and commitment to financial inclusion and economic growth.
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