Financial Risk Assessment Lead Analyst will perform financial risk assessments on Third Parties (TPs) identified as applicable by the TP Risk Assessment Process (TP-RAP) and the Inherent Risk Questionnaire (IRQ). Further, this role will be engaged in the pre-contract and ongoing monitoring third party financial risk assessments process in scope of the Third Party Management (TPM) policy and provide Objections and No objections as well as provide stakeholder guidance on Third Parties with a Marginal and Poor Financial Capacity to Perform Ratings.
Reporting to the Manager of Financial Risk Assessments, this position will liaise with, Sourcing, Third Party Credit Risk, Third Party Management teams, Business Activity Owners and Third Parties.
Job Background/Context:
A key priority for the Financial Risk Assessment Team is to help strengthen Citi’s Third Party Management (TPM) framework and program. Integral to this framework is strengthening the established Citi’s Financial Risk Assessment Program to improve the quality and depth of the financial risk analysis performed on external Third Parties identified by TP-Risk Assessment Process (TP-RAP) and the Inherent Risk Questionnaire (IRQ).
Key Responsibilities:
Perform financial analysis on Third Parties and escalate concerns and provide guidance to stakeholders
Provide Go-No-go decisions on relationships that are in scope of FRA
Review and approve Adverse Results related to FRA population
Engage in initiatives to further improve the Financial Risk Assessment Program
Identify process enhancements based on changing regulatory or client requirements
Partner with the TP-RAP, IRQ, Third Party Credit Risk, Third Party Commercial Risk, Third Party Management, Sectors and Business to ensure adherence and compliance to the TPM Policy and other related policies
Act as subject matter expert and provide input into global policy, standards, procedures, and internal processes for Third Party Financial Risk Assessment
Support internal and external reviews by the OCC, Compliance and Internal audit as required
Identify and implement continuous process improvement initiatives, including defining business requirements, reviewing specifications, and providing user acceptance testing support
Ensure operating procedure documents are current and appropriate controls are established and documented
Keep abreast of business-specific policies and standards involving Third Party financial due diligence
Support TP Management (TPM) governance committees as required
Other related supplier risk governance duties as required
Knowledge/Experience:
7+ years of relevant experience in financial analysis / credit Required
Experience with credit risk - Preferred
Experience in financial analysis modeling - Preferred
Skills:
Strong understanding of financial statements, ability to perform and review financial analysis, and identify areas of concern – Required
Excellent analytical skills and the ability to present information in a succinct format to management
Strong attention to details and accuracy with a keen eye for process management and documentation
Proactive problem-solving and decision-making, with the ability to exercise sound, timely and independent judgment
Excellent organizational and interpersonal skills
Ability to quickly grasp and master new requirements and related knowledge
Ability to monitor tight deadlines or unexpected requirement changes, capacity to perform well under pressure
Cross-cultural, cross-functional, and ability to collaborate across geographic locations
Proficient in MS Office applications
Qualifications:
CA/CMA/MBA Finance - Required
Credit Officer or Equivalent - Preferred
Demonstrated success in contributing within a team environment
Fluent in English, both oral and written, with the ability to articulate complex and sensitive issues to management
Results/task orientated with excellent attention to detail
Ability to manage and prioritize effectively and resolve conflicting priorities
Ability to work well as part of a team and autonomously
Competencies:
Demonstrates optimism and agility in adjusting to new and emerging opportunities and challenges
Conveys a sense of urgency, with the ability to thrive in a fast-paced, high-energy work environment, with proven ability to meet tight deadlines
Drives issues to closure, persists despite obstacles and opposition
Well organized when working under pressure
Ability to work and thrive in a flexible matrix organization with focus on networking
Creates a positive team environment in which people of diverse backgrounds feel valued, respected and appreciated
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