Third Party Utility Risk Analyst

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  • Location:
  • Salary:
    negotiable / month
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  • Posted:
    4 months ago
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The Resource Management Organization (RMO) supports the end-to-end supplier lifecycle process, from supplier risk assessment, through competitive bidding and selection to contracting and payment. The RMO organization’s purpose is to ensure we manage our supply chain in an efficient and standardized manner through all stages of the supplier lifecycle, leveraging Citi’s scale to optimize the supply chain while ensuring rigorous controls. The 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 in order to execute robust risk management activities throughout the third-party management life cycle. Key Responsibilities: Facilitate Citi businesses’ ongoing compliance with Third Party Management requirements outlined in Citi policies and standards Perform pre-contract due diligence and post-contract ongoing monitoring activities based on specific third-party risk profile, country, and / or business requirements Monitor reports to ensure third-party management policy required pre-contract due diligence and post-contract ongoing monitoring is carried out by responsible and / or accountable parties Review third-party records across Citi systems to ensure accuracy of data and supporting artifacts Facilitate and coordinate with Subject Matter Experts (SMEs) Ensure timely completion and updates to third-party related risk information based on required frequency; track outstanding items for follow-up Responsible for quality and timely processing of third party related requests, activities. Engage with Third Party Officers (TPOs) as well as Sector and Regional Risk teams as necessary Execute common, standardized third-party risk management processes, managed centrally by the TPU, including gathering documentation and third-party artifacts, researching third-party information, and inputting data into relevant repositories.   For example: Monitor news information on third parties and issue alerts for those items deemed noteworthy Research third party litigation history, regulatory filings/findings Monitor country risk for potential impact to third-party relationships Evaluate third-party geographic concentration and level of dependency Verify Third Parties’ Insurance Coverage Conduct Sanctions Screening Obtain financial statements from privately held companies Participate in supplier selection process through evaluation of bid responses regarding specific risk and control requirements Liaise directly with third parties on pre-contract due diligence and post-contract ongoing monitoring activities:   Gather and review relevant third-party procedures and control assessments (e.g., HR Onboarding and training procedures, internal operating procedures) Gather and review documentation related to a third party’s internal controls (e.g., SOX compliance,  internal / external audit reports, third party Continuity of Business (CoB) testing results, fourth party/subcontractor management) Provide support to Citi businesses for the execution of third-party risk management activities, including: Monitoring third party’s performance to SLAs Monitoring customer complaints related to third parties Monitoring compliance to Citi Records Management standards Evaluation and monitoring of third party’s dependence on subcontractors Supporting the preparation for third party onsite reviews Maintain relevant databases and provide data input to support reporting and metrics Ensure high-level of Customer interaction and satisfaction Responsible for adaptation to new business processes/procedures. Participate in continuous improvement activities Qualifications: 0-1 years of relevant experience Working knowledge of supplier risk management Working knowledge of industry practices and standards Ability to work under pressure and manage deadlines or unexpected changes in expectations or requirements Education: Bachelor’s degree/University degree or equivalent experience Specific language knowledge beside Fluent English knowlegde: Romanian / Polish / Bulgarian / Italian / Russian (one the listed languages is required) ————————————————- Job Family Group: Corporate Services ————————————————- Job Family: Supply Chain —————————————————— Time Type: Full time —————————————————— Citi is an equal opportunity and affirmative action employer. Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Citigroup Inc. and its subsidiaries (“Citi”) invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi . View the ” EEO is the Law ” poster. View the EEO is the Law Supplement . View the EEO Policy Statement . View the Pay Transparency Posting

Citi is an equal opportunity and affirmative action employer.
Minority/Female/Veteran/Individuals with Disabilities/Sexual Orientation/Gender Identity.