Third party management ,Credit bureau and Business activity owner- Assista at Citi

Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

11 Apr, 26

Salary

0.0

Posted On

11 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Data Governance, Risk Management, Compliance, Negotiation, Cross-Functional Collaboration, Analytical Thinking, Communication, Interpersonal Skills, Process Execution, Policy and Regulation, Financial Oversight, Data Accuracy, Operational Efficiency, Continuous Improvement, Stakeholder Engagement, Credit Risk Management

Industry

Financial Services

Description

Ensure that all data furnished to and consumed from credit reporting agencies aligns with legal and regulatory standards. Ensure the accuracy, integrity, and timeliness of data exchanged with third parties, minimizing risks related to non-compliance, inaccuracies, or delays. Collaborate with legal and compliance teams to stay ahead of evolving FCRA regulations, ensuring that business processes, data governance practices, and third-party relationships are continually aligned with regulatory expectations Ensure that data furnished to credit reporting agencies is accurate, timely, and meets all FCRA obligations to protect both the organization and consumers. Participate in negotiations and manage relationships with third-party credit bureaus and data providers, ensuring that Master Service Agreements (MSAs) and Request for Proposals (RFPs) are structured to meet compliance and financial objectives. Ensure that all third-party invoices are aligned with contractual terms, verifying accuracy and overseeing payment processing to ensure compliance with both FCRA and internal financial controls. Implement financial oversight practices that align the consumption of third-party data with cost management strategies, ensuring that all services provided by credit bureaus are utilized efficiently and within budget. Develop processes to monitor and audit data usage, ensuring that both furnished and consumed data meet the highest standards of accuracy and timeliness. Collaborate with internal stakeholders, including Risk, Compliance, Technology, Legal, and Finance, to ensure that all credit reporting and data-related activities align with FCRA compliance and business objectives. Actively participate and work to fill gaps in cross-functional initiatives aimed at optimizing the organization's use of third-party data for credit risk management, ensuring alignment between data strategies and business goals. Act as a key liaison between the organization and internal customers, credit bureaus, and third-party vendors, ensuring that all relationships are managed transparently and compliantly. Actively contributes as a collaborative team member, sharing knowledge and supporting colleagues to achieve collective goals. Foster a culture of regulatory excellence, continuous improvement, and operational efficiency within the team, ensuring that all FCRA-related activities are conducted in a manner that protects the organization's reputation and regulatory standing. Actively seek feedback and mentorship inside and outside the direct team, supporting a culture of accountability, innovation, and financial discipline across all data governance functions. Bachelor's degree in a relevant field (e.g., finance, risk management, information technology) are highly preferred, but not required. Exceptional communication and interpersonal skills, with the ability to engage stakeholders, external vendors, internal teams on complex data and process and procedure topics. Proven ability to drive cross-functional collaboration and engage high-performing teams in dynamic, fast-paced environments. Experience negotiating and managing MSAs and RFPs with third-party vendors, ensuring alignment with both compliance requirements and cost management strategies is preferred but not required. Experience in data governance, particularly in the context of credit risk decisioning and regulatory reporting, with a focus on maintaining data accuracy, integrity, and compliance. Strong risk management capabilities, with the ability to identify, mitigate, and resolve data-related risks that impact any compliance or operational performance. Analytical Thinking, Constructive Debate, Escalation Management, Industry Knowledge, Policy and Procedure, Policy and Regulation, Process Execution, Product Knowledge, Risk Controls and Monitors, Risk Identification and Assessment. ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------

Responsibilities

Ensure the accuracy, integrity, and timeliness of data exchanged with credit reporting agencies while minimizing compliance risks. Collaborate with various internal teams to align business processes with regulatory expectations and manage relationships with third-party vendors.