Third Party Risk Analyst Lead at Citi

, Northern Ireland, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

19 Mar, 26

Salary

0.0

Posted On

19 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment, Project Management, Communication Skills, Problem-Solving Skills, Collaboration Skills, Technical Knowledge, Thought Leadership

Industry

Financial Services

Description

Represent business leadership to coordinate and facilitate Third-Party Risk Management activities. Evaluate current market conditions and provide insight on trends/issues that could impact the business by external third parties. Advise the BAO on risk assessment for third parties and reassess as required; identify significant relationship changes to trigger risk assessment updates. Verify compliance of third parties with required policies and controls. Partner with business operations, technology teams, and internal functions to conduct on-site visits of third parties, as required. Interact with third parties on escalations of non-performance and contractual issues to drive resolution when appropriate. Review, prioritise, assess, and act on results of Third-Party Risk Management assessments/controls with support from various internal functions, in conjunction with business and operations teams. Facilitate remediation of issues or gaps identified as part of ongoing monitoring. Define risk mitigation strategies and risk exceptions based on the business's risk appetite. Provide thought leadership to drive supplier optimisation and efficiencies based on third parties' risk profiles, performance, and market trends. Standardise SLAs performance monitoring measures for like services, where possible. Liaise with the ESC Third Party Utility to review and respond to centrally conducted third-party risk management activities. This involves adhering to laws, rules, and policies, applying ethical judgment, and managing control issues transparently. Is an enthusiastic and early adopter of change; takes ownership for helping others see a better future and stay positive during uncertainty. Demonstrates and inspires curiosity in seeking new ways to overcome challenges; actively applies learning from failures. Challenges self and others to seek out and communicate alternative views even when unpopular; welcomes diverse ideas to improve outcomes. Acts as a change catalyst by identifying and helping others see where new ideas could benefit the organisation. Proactively seeks to understand and act in alignment with organizational decisions; helps others prioritise team and enterprise success over their own personal agenda Focuses on highest-priority work aligned to business goals; helps others effectively manage competing priorities. Proactively identifies opportunities to streamline work; creates process improvements that enhance efficiency for self and the team. Takes personal accountability for escalating, identifying, and managing potential risk; implements controls that enhance the client experience and operational effectiveness. Anticipates problems and proactively identifies solutions that address the root causes and result in meaningful improvements. Sets high expectations and invests the necessary effort to deliver excellence and exceed performance goals. Engages key stakeholders early and often and actively looks for opportunities to improve collaboration in achieving common goals. Enthusiastically promotes the unique needs and preferences of colleagues; makes active commitment to help colleagues achieve balance, well-being, and development. Leverages varied networks to recruit diverse talent; advocates for colleagues with diverse skillsets, styles, and experiences to gain career opportunities. Empathetically listens and understands others' positions before acting on issues; works to amplify voices that are minimised in the workplace Understanding of Third Party Risk management lifecycle and risk assessment processes. Thought leadership and clarity in presenting ideas to senior management. Proven technical knowledge of resilience and Third-Party Risk principles and processes, to include up to date knowledge of current technology solutions, including Cloud. Experience in implementing risk processes across a large and diverse organization. Knowledge of regulatory requirements underpinning resilience and the Third-Party Risk Management and Outsourcing Lifecycle Excellent analytical skills to interpret and present complex data. Proficiency in the use of MIS and other risk management tools Excellent project management skills to oversee risk reviews and mitigation efforts. Strong communication skills to provide counsel and collaborate with various stakeholders Ability to challenge and scrutinize established practices. Strong collaboration skills to work with different risk SMEs. Problem-solving skills to identify and address root causes leading to operational risk losses. ------------------------------------------------------ Job Family Group: Risk Management ------------------------------------------------------ Job Family: Operational Risk ------------------------------------------------------ Time Type: Full time ------------------------------------------------------ Analytical Thinking, Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment. ------------------------------------------------------ For complementary skills, please see above and/or contact the recruiter. ------------------------------------------------------

Responsibilities

The Third Party Risk Analyst Lead will coordinate Third-Party Risk Management activities and evaluate market conditions impacting the business. They will also advise on risk assessments, verify compliance, and facilitate remediation of identified issues.