The Client organization was established to drive enterprise-wide approaches to client coverage, identifying and filling in gaps or reducing duplication to ensure consistency throughout the firm. Additionally, it plays a leading role coordinating the allocation of capital and other financial, technology and human resources
towards the client segments with the best returns potential.
 

Client Organization Third Party Management Centralized Team manages the risks associated with Citi’s use of and reliance upon Third-Party relationships, including outsourced arrangements, across all Client business lines and locations. The organization oversees and execute policies and standards through controls to assess and manage risks related to Citi’s Third-Party relationships and outsourcing arrangements. The goal of Client Organization Third Party Management Centralized Team is to support Client Organization Service recipients and management of Third-Parties capable of providing products and services in a safe and sound manner and at a reasonable cost and to manage the risks associated with Third-Parties.

Third-Party Risk Management Analyst- C12 role sits within the business office for Client Organization serving a critical function in leading key business stakeholders through Citi’s robust Third-Party Management framework, ensuring our suppliers are compliant with Citi’s policies, standards, and overall industry regulations. The Third-Party Risk Management Analyst will be supported by The Third Party Management Team which is responsible for the execution of standard third party risk management activities that can be conducted centrally to drive operational efficiencies.

Responsibilities:

• Responsible for managing the entire end-to-end vendor management lifecycle
• Support Stakeholders and Vendors to coordinate and facilitate Third Party Risk Management activities
• Ensure vendor’s compliance to required policies and regulations (e.g., Third Party Management Policy, Information Security, Continuity of business)
• Maintain supplier systems of record, automating and optimizing vendor data sources to be self-service and provide insight for senior management
• Establish new relationships between Citi and its vendors, creating and managing Initial Risk Questionnaires (IRQ) and Third Party Management Systems (CASP, P2P,GEP)
• Review, assess, and act on results of Third Party Risk Management activities assessments/controls, facilitating and executing planning and pre-contract due diligence activities, contract, ongoing monitoring and termination
• Provide expert guidance and support on the development of Third Party Management key controls, standard processes, operating procedures, and promulgation of best practices
• Perform reviews of Vendor Lifecycle (Pre-Contract due diligence, post-contract ongoing monitoring) and provide credible challenges to accountable / responsible parties
• Assist with/review results of additional vendor monitoring activities (Adverse results)
• Manage Third Party contracts (e.g. Statements of Work) ensure contracts are properly executed and uploaded in the Vendor Contract Management System (GEP) working with Business if re-negotiations are required
• Support  Third Party Risk Management reporting activities as required and participate in continuous improvement activities
• Interface with all third-party stakeholders Third Party Officers (TPOs), Business Activity Owners (BAOs), TP-RAP Support , Supplier Oversight, Third Party Management Team (TPM) and Sector and Regional Third Party Risk teams and other Citi business stakeholders on a regular basis
• Build relationships with vendor contacts that cross regions, sectors, and functions in order to ultimately ensure third party compliance to Citi policies, contractual obligations and SLAs
• Review results of third-party risk monitoring activities providing credible challenges to, and quality checks of, such results
• Monitor the Key Indicators for the business, including vendor’s performance
• Identify any significant changes for the vendor relationships and trigger the update of Third Party Risk Assessments
• Partner with Vendor Contract Management Team to strategically manage a large portfolio of contracts, facilitating on time renewals, defining strategies, and identifying opportunities to optimize and consolidate services
• Coordinating the search, interview scheduling and execution, selection, recruitment and on-boarding of external project resources
• Effectively communicating with key stakeholders both internal and external
• Provide thought leadership to drive supplier optimization and efficiencies based on Vendor risk profiles, performance, and market trends
• Serve as point of contact with vendors and hiring managers
• Complete and update Third Party Risk Management procedures and documentation.
• Assist the project manager to procure services from the third parties in compliance with relevant Third Party Risk Management policies

Qualifications:

• 3-4 years in resource management business and management
• Experience with entitlement review processes and execution, systems oversight, documentation management and reporting, ensuring compliance with policies.
• Experience in Third Party Management.
• Working knowledge of eProcurement and TPM tools (e.g. Procure-to-Pay, eAuction, eRFX, Risk Assessment, TPU Tools)
• Demonstrated strategic sourcing/procurement skills
• Demonstrated stakeholder management and influencing skills
• Demonstrated leadership and project management skills
• Consistently demonstrates clear and concise written and verbal communication
• Proficient computer skills with a focus on Microsoft Office applications
• Proficient excel and power point skills.
• Experience of resource recruitment processes / project staffing / vendor liaison / third party onboarding and management within a project / consulting environment
• Advance English

Education:

• Bachelor’s degree/University degree or equivalent experience

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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