Officer | C11

The Enterprise Operations and Technology (EO&T) Third Party Utility (TPU)provides operational support, process guidance, and quality assurance and quality control oversight to businesses across Citi, leveraging a central utility infrastructure, standardized processes, and operating procedures to execute robust risk management activities throughout the third-party management life cycle.

The Operational Risk Intermediate Analyst provides full leadership and supervisory responsibility. Provides operational/service leadership and direction to team(s). Applies in-depth disciplinary knowledge through provision of value-added perspectives or advisory services. May contribute to the development of new techniques, models and plans within area of expertise. Strong communication and diplomacy skills are required. Generally, has responsibility for volume, quality, timeliness of end results and shared responsibility for planning and budgets; Provide guidance to internal stakeholders; monitoring the timely and effective completion of activities related to Third Party lifecycle; and ensuring data accuracy for the reporting of third-party related metrics. They also ensure to keep the motivation and development of team through professional leadership to include duties such as performance evaluation, compensation, hiring, disciplinary and terminations as well as direction of daily tasks and responsibilities.

The FRA Analyst, as part of the TPU unit, is a key position managing the FRA control. Detailed responsibilities are as under:

Responsibilities:

Detailed review of Financial Statements of the Suppliers including audit reports, notes to accounts, cash flow statements
Preparation of financial spreads and FRA templates
Identification of trends in revenue, costs, profitability, and leverage ratios
Recommending Financial Capacity to Perform (FCP) Ratings for each Supplier basis review of financials, Country Risks, Supplier’s performance scorecard.
Discussions with the approving authorities for providing justifications for the proposed FCP Ratings
Interaction with the Independent Risk Team for challenges raised by them on the FCP Ratings, if any.
Updation of the FCP Ratings in Risk Ratings system / Tools / Share point
Identification of Early Warning signs basis review of financials, macro-economic environment, management changes etc.
Acts as SME to senior stakeholders and /or other team members
Establishes and oversees the application of operational risk policies, technology and tools, and governance processes to create lasting solutions for minimizing losses from failed internal processes, inadequate controls, and emerging risks.
Independently assess risks and drive actions to address the root causes that persistently lead to operational risk losses by challenging both historical and proposed practices.
Looks for ways to improve the current process and share best practices with senior leadership.
Participates in senior leadership meetings to analyze documentation and processes to ensure risks and control points are properly addressed.
Assists senior level management in gathering data and information for executive level reporting and to take ownership of specified projects and tasks.
Can exercise independence of judgement and autonomy.
Acts as SME to senior stakeholders and /or other team members.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency, as well as effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Qualifications:

Minimum 6 years’ of relevant experience in third-party risk management
Knowledge of third-party management risk and control methodologies and best practices
Good understanding of Country Risks and its potential impact on the Financial statements and FCP Ratings of the suppliers
Good understanding of various systems and tools in launching, monitoring and reporting requirements for Third Party Financial Risk Assessments
Education:

Chartered Accountants / Cost Accountants required
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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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