Global Third Party Risk Oversight Senior 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 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

Job Responsibility:

Collaborate in the formulation and execution of operational risk management policies, with a focus on resilience and third-party risk management
Identify, measure, monitor, and report residual and emerging risks
Support continuous improvement initiatives, incorporating lessons learned from operational resilience tests, simulations, and third-party risk scenarios
Collaborate with internal and external stakeholders, building relationships and understanding risk management perspectives
Monitor Key Risk Indicators and Material Operational Risks, learning to ensure resilience and third-party risks stay within defined Risk Appetite parameters
Participate in third-party risk management reviews and product oversight reviews, developing an understanding of the global portfolio
Work with First Line of Defense technical experts and management on aspects of Business and Technology recovery planning and testing
Devise methods to enhance existing processes, understand root causes of unintended losses, and advocate for risk mitigation strategies
Assist in evaluating the effectiveness of business and technology capabilities and controls across the organization
Support the development, implementation, and analysis of MIS reports to identify areas of excessive risk and measure the success of risk mitigation efforts
Contribute to the dissemination of operational risk management best practices, raising awareness of resilience and third-party risk

Requirements:

5-8 years of experience
Knowledge in risk management, particularly Resilience and Third-Party Risk Management
Understanding of Third-Party Management policy and procedures
Familiarity with risk governance structures and risk appetite parameters
Ability to create, apply, and analyze MIS of reports
Background in the implementation of third-party and resilience risk processes across various sectors and regions
Experience in conducting comprehensive third-party and resilience risk management reviews
Knowledge of relevant regulations and standards related to risk management, and ability to ensure compliance
Adapt to work across a diverse organization, managing various sectors and regions
Utilize strong analytical skills to interpret complex data and present it in a clear and understandable manner
Identify and address potential risks, ensuring adherence to regulatory standards
Communicate effectively with various stakeholders, providing counsel and collaborating on risk management strategies
Utilize project management skills to oversee risk reviews and implement mitigation efforts
Challenge established practices, showing adaptability and critical thinking in diverse organizational contexts
Solve complex problems by identifying and addressing root causes leading to operational risk losses

What we offer:

Cafeteria Program
Home Office Allowance (for colleagues working in hybrid work models)
Paid Parental Leave Program (maternity and paternity leave)
Private Medical Care Program and onsite medical rooms at our offices
Pension Plan Contribution to voluntary pension fund
Group Life Insurance
Employee Assistance Program
Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed
Flexible work arrangements to support you in managing work - life balance
Career progression opportunities across geographies and business lines
Socially active employee communities with diverse networking opportunities

Additional Information:

Job Posted:
May 30, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Global Third Party Risk Oversight Senior Analyst