Third Party Resilience 2nd LOD Senior Group Manager, Citi

Citi

Location:
Hungary, Budapest

Category:
-

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

This role includes establishing and managing operational risk policies, proposing strategies, and governance processes designed to minimize losses from inadequate controls, fraud, and potential bankruptcy. It requires oversight over third-party risk, linkage to technology operational risk, cyber risk, and fraud risk, along with developing tools and infrastructure to support risk monitoring and prevention. The candidate is expected to have extensive experience, lead global risk mitigation efforts, and collaborate with internal and external partners.

Job Responsibility:

Oversee and challenge third-party dependencies in the company’s business operations
develop, implement, and support third-party risk strategies, policies, and projects, applying operational risk management guidelines for identifying internal and external risks
pursue continuous improvement in third-party risk management, adopting lessons learned from operational resilience-related tests exercises, simulations, and third-party evaluations
liaise with external partners, internal departments, and industry peers to coordinate risk management efforts, promoting best practices in operational resilience and third-party risk management
ensure the Risk Governance framework operates efficiently, supervising that both operational and third-party risk-related losses are within defined Risk Appetite parameters
analyze, capture, report, and challenge risks across both internal operations and third-party relationships, working with technical Subject Matter Experts (SMEs) and management on all aspects of Business and Technology recovery planning and testing
implement and monitor sound and effective resiliency processes and third-party risk management protocols across the company’s lines of business
assist resiliency and third-party risk managers and their teams in managing staff, promoting training, career development plans, and high morale among prevention, detection, and recovery staff
raise the level of operational resilience and third-party risk awareness company-wide, aiding in the creation of risk management training modules
supervise third evaluations-party and remedial actions to strengthen organizational resilience and mitigate operational sustainable risks
conduct comprehensive risk management reviews covering internal resilience and third-party interactions across the global portfolio, fostering a culture of risk consciousness and responsibility
conceptualize, implement and, assess reports to pinpoint high-risk areas and confirm effectiveness of risk mitigation efforts in both operational resilience and third-party risk areas
provide expert counsel on resilience and third-party risk-related matters, ensuring independent evaluation of policy, regulatory adherence, and effectiveness of controls
collaborate with Risk Subject Matter Experts (Compliance Risk, Credit Risk, Fraud, Technology, etc.) to govern risks throughout the Operational and Third-Party Risk Lifecycle, advocating for a comprehensive risk management methodology
lead oversight of first Line of Defense entities that have responsibility for Business Disruption & Safety Risk
including Crisis Management, Continuity of Business processes, People and Premises safety risk, as well as the physical aspects of Climate Risk

Requirements:

15+ years of experience, including 8-10+ years' managerial experience
extensive knowledge of the impact third-party affiliations has on business risk, specifically resilience or continuity risk
proficiency in managing risks throughout the Third-Party Risk Lifecycle, with a targeted focus on resilience risk management
familiarity with a range of risk types such as credit, compliance, technology, and fraud, and how these intersect with third-party and resilience risks within a banking institution
experience in collaborating with risk management colleagues to foster a comprehensive, integrated approach to risk management, inclusive of third-party and resilience risks
understanding of the strategic role of risk management within the overarching business strategy, particularly concerning third-party and resilience risks
broad knowledge of banking processes, product offerings, and operations, paying particular attention to the management of third-party relationships and resilience risks
comprehension of regulatory mandates shaping the Third-Party Risk Management and Outsourcing Lifecycle, and their repercussions on resilience risk management
deep understanding of Risk Governance structures and Risk Appetite parameters, specifically in relation to third-party and resilience risks
proficiency in MIS reporting and analytical tools, demonstrated by a history of creating and interpreting reports concerning third-party and resilience risks
familiarity with operational risk management strategies and best practices, specifically for managing third-party and resilience risks
experience in performing risk management reviews and oversight, with a distinct focus on third-party and resilience risks
capacity to influence business strategy and oversee crucial sub-functions
proficiency in identifying, mitigating, and managing risks
skill in processing complex data, extracting insights, and forming strategic recommendations
expertise in developing, analyzing intricate reports, and translating data into actionable steps
ability to report risks effectively, negotiate internally, and select handle external communication
competence in managing multiple projects, setting priorities, and meeting deadlines
mastery in ensuring alignment with internal policies, regulations, and industry best practices
skill in managing third-party relationships mitigating risks and enhancing value

What we offer:

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

Additional Information:

Job Posted:
July 22, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Third Party Resilience 2nd LOD Senior Group Manager