Global Third Party Risk Manager 1LOD – Banking and International – Budapest

About the role:

Individuals in Operational Risk establish and manage operational risk policies, propose strategies, and governance processes designed to minimize losses from inadequate controls, fraud, and potential bankruptcy. This includes supervision over technology operational risk, cyber risk, and fraud risk. These individuals are also responsible for the development of tools and infrastructure that support fraud monitoring and prevention, using advanced analytical and statistical skills to identify policy gaps and recommend changes to current policies. This role is crucial to the company as it fortifies against potential operational risks, thereby protecting the company's financial stability and reputation, and contributing towards the overall business resilience and success.

What you will do:

• Develop and implement resilience and third-party risk management processes, staying updated with the latest risk management trends.
• Utilize advanced analytics to identify, measure, monitor, and report on residual and emerging risks, providing strategic insights to stakeholders.
• Lead initiatives to address root causes of unexpected losses, developing innovative solutions to enhance operational effectiveness.
• Influence technical strategy through informed understanding of Citi’s Third-Party Management Policy and ORM Third-Party Risk Standard.
• Supervise third-party thematic and product reviews, taking responsibility for business sub-functions and making complex decisions impacting significant business results.
• Implement corrective measures to manage persistent operational risks, enhancing risk resilience
• Conduct comprehensive third-party risk management reviews across the global portfolio, instilling a culture of risk awareness and accountability
• Operate efficiently within the Risk Governance framework, managing operational risk within set Risk Appetite parameters.
• Oversee the design, deployment, and review of MIS reports to detect areas of excessive risk and verify efficacy of risk mitigation strategies.
• Establish robust third-party risk processes across diverse sectors and geographies.
• Provide expert advice on third-party risk-related issues and ensure policy and regulatory compliance.
• Promote latest best practices and develop continuity/resiliency risk management training modules.
• Manage and mentor staff, leading training and career development plans, ensuring understanding and engagement.
• Collaborate with Resilience teams and other Risk Subject Matter Experts (Compliance Risk, Credit Risk, Fraud, Technology, etc.) for a holistic approach to risk management.
• Serve as a point of contact to ensure sufficient remediation of third-party audit or exam issues and escalate as necessary.
• Inspire people with a compelling and aspirational future vision; demonstrate optimism when leading the organization through challenges and uncertainty.
• Create a highly resilient organization in which people persist through challenges, transparently communicate and own mistakes, and actively apply learnings to make Citi better.
• Establish a safe environment where people candidly communicate opinions, seek diverse opinions, and actively debate decisions.
• Foster a culture that rewards teams to pursue breakthrough ideas and improve business results; proactively invests resources in innovation initiatives.
• Establish a culture that strongly encourages teams to prioritize enterprise success over individual agendas and do the right thing for the organization.
• Boldly creates focus by aligning critical priorities across businesses, functions, and regions; eliminates nonessential work that could distract the organization from executing key priorities.
• Champion innovative ways to manage risk through streamlining processes and building common methods.
• Create and reinforce a culture of exceptional controls that support client satisfaction and operational effectiveness.
• Proactively solve systemic enterprise challenges by investing time and resources to gather cross-enterprise data; builds sustainable solutions that fully address the root causes of issues.
• Build a performance culture of high expectations that inspires people to continuously deliver excellence and exceed company goals.
• Energize and reinforce an ethical environment where doing the right thing for clients and Citi is expected in every decision and action.
• Establish a culture where teams actively cultivate collaborative partnerships across organizational boundaries; creates synergies that deliver added value for Citi.
• Champion strategies for leveraging Citi’s resources to have a positive impact on society; demonstrates deep understanding of client and community needs.
• Proactively implements systemic solut