Third Party Officer

The Third Party Officer (“TPO”) is a role as part of Citi’s Third Party Risk Management program.  The Third Party Officer is responsible to focus on those third parties which carry the highest degree of risk for Citi’s businesses while also give guidance to third parties which are the lower risk relationships. The TPO requires in depth business product knowledge and expertise and will manage the third party relationship across all stages of the lifecycle.  The TPO will work in concert with business operations and technology teams, as well as internal functions, to identify, manage and mitigate risk.  The TPO will be supported by the Resource Management Organization (RMO) Third Party Utility (TPU) which is responsible for the execution of standard third party risk management activities that can be conducted centrally to drive operational efficiencies.

What you'll do

• Represent business leadership to coordinate Third Party Risk Management activities

• Evaluate current market conditions and provide insight on trends

• Complete initial Risk Assessment for third party and re-evaluate as required

• Monitor third party performance and SLAs, either directly or through coordination with other Citi stakeholders

• Review, assess and act on results of TPRM assessments/controls (e.g., Information Security, Continuity of Business, Cross-Border Data Clearance, Export, Credit Risk, Country Risk, Financial Evaluations)

• Define risk mitigation strategies and risk exceptions based on the business’ risk appetite

• Drive supplier optimization and efficiencies

• Maintain the list of SLAs/SOWs in Citi’s Contract Management System

• Enhance productivity of third party service delivery and identify cost reduction opportunities

• As appropriate, interact with larger TPO community and/or RMO category leads for sharing of best practices and coordination of services

• Prepare and present high-level metrics to applicable Citi senior management and stakeholders

What we'll need from you

• Bachelor’s/University degree, Master’s degree preferred

• 6-10 years of relevant experience in, strategic sourcing/procurement, vendor management risk management and/or regulatory compliance in one or more of the following risk disciplines: technology risk, business continuity, operational risk, supplier risk, or audit and controls

• Familiarity with other risk areas, with strong understanding of supplier or third-party risk impact in a financial services company is a plus

• Knowledge of in-scope business and product areas

• Excellent communication skills in English, both oral and written, with the ability to articulate complex and sensitive issues to management

• Experience in strategic sourcing/procurement and interacting with suppliers’ management teams with the ability to exercise sound, timely and independent judgment

• Understanding of operational capabilities of suppliers across applicable business types

What we can offer you

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

• 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

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities!

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