Business Risk Analyst - Third Party Risk Assessments

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.

Responsibilities: 

• Lead and coordinate third-party risk management activities, including assessments, reassessments, and ongoing monitoring. This involves representing business leadership in these efforts and liaising with internal and external stakeholders (e.g., Third Party Utility).

• Conduct risk assessments of third parties, considering market trends and the business's risk appetite. Develop and implement risk mitigation strategies, including exit strategies, to address identified gaps and issues.

• Ensure third-party compliance with required policies and controls. Oversee contract management, ensuring proper execution and upload of contracts into the Contract Management System.

• Monitor third-party performance against service level agreements. Address escalations related to non-performance and contractual issues. Facilitate remediation of identified issues.

• Participate in the identification, measurement, monitoring, and reporting of operational risks. Assist in developing and implementing operational risk management protocols and promoting best practices.

• Continuously evaluate and improve third-party risk management processes. Design and advocate for risk reduction strategies and process improvements that enhance efficiency.

• Support the development, execution, and analysis of reports related to third-party risk management activities.

• Engage with key stakeholders (operations, tech teams, etc.) for on-site visits and collaboration on risk management activities. Ensure alignment with organizational decisions and prioritize team and enterprise success.

Qualifications:

• 5-8 years of experience in risk management, specializing in resilience and third-party risk, with a strong understanding of related policies, procedures, governance, and risk appetite.

• Proven ability to implement and manage third-party and resilience risk processes across diverse sectors and regions, including conducting comprehensive risk reviews.

• Solid understanding of relevant regulations and standards, demonstrating a consistent ability to ensure compliance in various organizational contexts.

• Strong analytical skills to interpret complex data, create and analyze management information systems (MIS), and present findings in clear and concise reports.

• Demonstrated ability to proactively identify, assess, and mitigate potential risks, ensuring adherence to regulatory standards and minimizing operational losses.

• Excellent communication, collaboration, and stakeholder management skills to effectively interact with diverse teams, providing counsel and implementing risk management strategies.

• Adaptability, critical thinking, and problem-solving skills to challenge established practices and drive continuous improvement in risk management processes.

• Bachelor's/University degree or equivalent experience

Benefits:

By joining Citi Hungary, you will not only be part of a 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. 

#LI-AK9

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Job Family Group:

Risk Management

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Job Family:

Operational Risk

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Time Type:

Full time

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Primary Location Full Time Salary Range:

10 627 270,00 Ft - 17 818 330,00 Ft

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Most Relevant Skills

Analytical Thinking, Controls Lifecycle, Credible Challenge, Governance, Policy, Procedure, and Regulation, Risk Management Lifecycle.

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Other Relevant Skills

Constructive Debate, Controls Design, Escalation Management, Issue Management, Operational Risk, Policy and Procedure, Policy and Regulation, Risk Controls and Monitors, Risk Identification and Assessment.

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Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

 

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