Business Risk Analyst, Citi

Citi

Location:
Hungary, Budapest

Category:
-

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

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 fortifies against potential operational risks, protecting the company's financial stability and reputation, and contributing towards business resilience and success.

Job Responsibility:

Lead and coordinate third-party risk management activities, including assessments, reassessments, and ongoing monitoring
conduct risk assessments of third parties, considering market trends and the business's risk appetite
develop and implement risk mitigation strategies, including exit strategies, to address identified gaps and issues
ensure third-party compliance with required policies and controls
oversee contract management, ensuring proper execution and upload of contracts into the Contract Management System
monitor third-party performance against service level agreements
address escalations related to non-performance and contractual issues
facilitate remediation of identified issues
participate in the identification, measurement, monitoring, and reporting of operational risks
assist in developing and implementing operational risk management protocols and promoting best practices
continuously evaluate and improve third-party risk management processes
design and advocate for risk reduction strategies and process improvements that enhance efficiency
support the development, execution, and analysis of reports related to third-party risk management activities
engage with key stakeholders for on-site visits and collaboration on risk management activities
anticipate potential risks, escalate concerns, and implement controls to mitigate them
implement solutions that address root causes and result in meaningful improvements
ensure compliance with applicable laws and regulations
volunteer in community support programs

Requirements:

5-8 years of experience in risk management, specializing in resilience and third-party risk, with a strong understanding of related policies, procedures, governance, and risk appetite
proven ability to implement and manage third-party and resilience risk processes across diverse sectors and regions, including conducting comprehensive risk reviews
solid understanding of relevant regulations and standards, demonstrating a consistent ability to ensure compliance in various organizational contexts
strong analytical skills to interpret complex data, create and analyze management information systems (MIS), and present findings in clear and concise reports
demonstrated ability to proactively identify, assess, and mitigate potential risks, ensuring adherence to regulatory standards and minimizing operational losses
excellent communication, collaboration, and stakeholder management skills to effectively interact with diverse teams, providing counsel and implementing risk management strategies
adaptability, critical thinking, and problem-solving skills to challenge established practices and drive continuous improvement in risk management processes
bachelor’s/University degree or equivalent experience

Additional Information:

Job Posted:
July 03, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Business Risk Analyst