EDO Sr Business Associate – VP

EDO Sr Business Associate – VP

Requirements

• 6+ years of experience in a financial services role
• Bachelor’s Degree/University degree or equivalent experience
• Consistently demonstrates clear and concise written and verbal communication skills

Responsibilities

• Responsible for managing the entire end-to-end vendor management lifecycle.
• Support Stakeholders and Vendors to coordinate and facilitate Third Party Risk Management activities.
• Ensure vendor’s compliance to required policies and regulations (e.g., Third Party Management Policy, Information Security, Continuity of business)
• Maintain supplier systems of record, automating and optimizing vendor data sources to be self-service and provide insight for senior management.
• Establish new relationships between Citi and its vendors, creating and managing Initial Risk Questionnaires (IRQ) and Third-Party Management Systems (CASP, P2P,GEP)
• Review, assess, and act on results of Third-Party Risk Management activities assessments/controls, facilitating and executing planning and pre-contract due diligence activities, contract, ongoing monitoring, and termination.
• Provide expert guidance and support on the development of Third-Party Management key controls, standard processes, operating procedures, and promulgation of best practices.
• Perform reviews of Vendor Lifecycle (Pre-Contract due diligence, post-contract ongoing monitoring) and provide credible challenges to accountable / responsible parties.
• Assist with/review results of additional vendor monitoring activities (Adverse results)
• Manage Third Party contracts (e.g. Statements of Work) ensure contracts are properly executed and uploaded in the Vendor Contract Management System (GEP) working with Business if re-negotiations are required.
• Support Third-Party Risk Management reporting activities as required and participate in continuous improvement activities.
• Interface with all third-party stakeholders Third Party Officers (TPOs), Business Activity Owners (BAOs), TP-RAP Support, Supplier Oversight, Third Party Management Team (TPM) and Sector and Regional Third-Party Risk teams and other Citi business stakeholders on a regular basis
• Build relationships with vendor contacts that cross regions, sectors, and functions to ultimately ensure third party compliance to Citi policies, contractual obligations, and SLAs.
• Review results of third-party risk monitoring activities providing credible challenges to, and quality checks of, such results
• Monitor the Key Indicators for the business, including vendor’s performance.
• Identify any significant changes for the vendor relationships and trigger the update of Third-Party Risk Assessments
• Partner with Vendor Contract Management Team to strategically manage a large portfolio of contracts, facilitating on time renewals, defining strategies, and identifying opportunities to optimize and consolidate services.
• Coordinating the search, interview scheduling and execution, selection, recruitment, and on-boarding of external project resources
• Effectively communicating with key stakeholders both internal and external
• Provide thought leadership to drive supplier optimization and efficiencies based on Vendor risk profiles, performance, and market trends.
• Serve as point of contact with vendors and hiring managers.
• Complete and update Third Party Risk Management procedures and documentation.
• Assist the project manager to procure services from the third parties in compliance with relevant Third-Party Risk Management policies.

Preferred Qualifications

• Communications or marketing experience preferred
• Demonstrated working knowledge of financial services industry