Business Risk Officer, Vice President - Singapore

Citibank N.A.; Singapore; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Third Party Officer (TPO) to manage high-risk third-party relationships. This pivotal role requires in-depth knowledge of business products and collaboration with various teams to mitigate risks effectively. The TPO will oversee risk assessments, ensure compliance with policies, and lead remediation efforts for identified issues. This position offers an exciting opportunity to operate independently while influencing senior stakeholders and shaping risk management strategies. If you have a strong background in business risk and controls, this role could be your next career milestone.

Qualifications

• 5-8 years of experience in Business Risk & Controls.
• Experience in third-party vendor management and leading global teams.

Responsibilities

• Complete and update Risk Assessments for third parties.
• Manage escalations related to non-performance and contractual issues.
• Define risk mitigation strategies aligned with the business’s risk appetite.

Skills

Business Risk & Controls

MS Excel

MS Access

SAS

SQL

Visual Basic

Written Communication

Verbal Communication

Organizational Skills

Problem-Solving Skills

Education

Bachelor’s degree

Master’s degree

Tools

MS Excel

MS Access

SAS

SQL

Visual Basic

Job description

Third Party Officer (TPO) Job Description

The Third Party Officer (TPO) is responsible for managing high-risk third party relationships for Citi. The TPO requires in-depth knowledge of business products and will oversee third party relationships throughout their lifecycle. Collaboration with Business Activity Owners (BAO), business operations, technology teams, and internal functions is essential to identify, manage, and mitigate risks.

Responsibilities:

1. Complete and update Risk Assessments for third parties, especially when significant changes occur.
2. Ensure contracts meet Citi requirements through collaboration with relevant stakeholders.
3. Verify third party compliance with policies and controls.
4. Manage escalations related to non-performance and contractual issues with BAOs and third parties.
5. Maintain a dashboard to monitor third party performance and SLA breaches.
6. Assess results from Risk Management Assessments, including IS, COB, DPO, Export, Credit, Country Risk, and Financial Evaluations.
7. Lead remediation efforts for issues identified during monitoring.
8. Define risk mitigation strategies and manage risk exceptions aligned with the business’s risk appetite.
9. Monitor and address exceptions to dispute policies and identify their drivers.
10. Operate independently with minimal supervision, exercising judgment and autonomy.
11. Serve as SME to senior stakeholders and team members.
12. Assess risks in business decisions, ensuring compliance with laws, regulations, and policies, and escalating issues appropriately.

Qualifications:

• 5-8 years of relevant experience in Business Risk & Controls.
• Proficiency in MS Excel, MS Access, SAS, SQL, Visual Basic is a plus. 5+ years in financial services.
• Strong written and verbal communication skills.
• Effective organizational and influencing skills.
• Experience in third-party vendor management and leading global teams.
• Excellent problem-solving skills.
• Ability to focus on critical details while understanding the big picture.

Education:

• Bachelor’s degree or equivalent; Master’s degree preferred.