Assistant Vice President - Third Party Risk Management (Singapore)

The Singapore Third-Party Management is accountable for drive execution of Citi's TPM Program within Singapore and lead a team of professionals to maintain conformance to Group Policies and Local Regulatory requirements.

Procurement and Third-Party Management (P&TPM) is responsible for procuring products and services for Citigroup and manages the risk associated with Citi's use of and reliance upon third party relationships, including outsourced arrangements, across all business lines and locations. P&TPM defines and oversees the implementation of policies and standards that provide controls to assess and manage risk related to Citi's third-party relationships and outsourcing arrangements. The goal of P&TPM is to support Citi's selection and management of third-parties capable of providing products and services in a safe and sound manner and at a reasonable cost and to manage the risk associated with third parties.

Responsibilities:

• Drive the root cause analysis of third-party risk issues, and work with business and in-business risk and control, on effective correction action plans.
• Partner with businesses, including Chief Country Officer, to properly assess broader impact, and require implementation of correct action plans where broader applications was identified.
• Support enhancement opportunities to standards and procedures, control and governance processes, to help ensure sustainability and optimization of the Singapore TPM landscape.
• Leverage change management approaches and methods, assess capacity and readiness for change. Use the assessment to work with P&TPM and business leaders to establish implementation plan for process improvement/transformation.
• Partner in supporting updates, reviews and request fulfilment to Independent Operational Risk Management, Compliance, Internal Audit and Regulators.
• Support the committee/forum as per charter and ensure that all discussions/actions are documented and communicated to all members.
• Responsible in maintaining country TPM procedure and ensure both Global policies and standards, and Local Regulation requirement are met. This includes overseeing and maintaining of local third-party inventory, and the end-to-end life cycle of TPM (not limited to onboarding assessment, continuous monitoring, termination process).

Qualifications:

• 7+ years of experience
• Good negotiation, influencing and stakeholder management skills

Education:

• Bachelor’s/University degree or equivalent experience, potentially Masters degree.

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