The Third‑Party Risk Management Market Lead is accountable for driving the execution of Citi’s TPM program for TPM International Market, ensuring alignment with Group policies and compliance with applicable 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 protected and sound manner and at a reasonable cost and to manage the risk associated with third parties.
Responsibilities:
Lead and drive Third Party Risk Management regime for the TPM International market,
ensuring effective compliance to local third-party and outsourcing regulations, including Citi’s Global policies and standards.
Drive 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 and Head of Operations, to properly assess broader impact, and require implementation of correct action plans where broader applications were identified.
Assess the effectiveness of the current TPM practices and lead enhancement opportunities to standards and procedures, control, and governance processes, to help ensure sustainability and optimization of the country 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
📌 Vice President, Third Party Risk Management Market Lead (India)
🏢 Citi
📍 India