Third Party Risk and Vendor Management Lead - Vice President
No salary listed
Mid, Senior
Pune, Maharashtra, India+1 moreMore locations: Vagator, Anjuna, India
Hybrid
Operations & LogisticsProcurement & Sourcing
About the job
Requirements
- Proven experience leading, mentoring, and developing teams; ideally at least 2 years in a formal people-management role, though significant team-lead, project-lead, or senior-mentor experience will also be considered.
- At least 2 years of experience in supplier/third-party management, vendor management, project management, or risk management.
- Ability to think strategically and align team execution with broader business and technology strategy.
- Ability to make independent decisions and take ownership of results.
- Ability to lead with empathy, manage team dynamics, and remain composed under pressure.
- Project management, planning, and organizational skills, including managing and tracking multiple complex tasks simultaneously.
- Interpersonal, collaboration, influencing, and negotiation skills.
- Written and oral communication skills, including presenting complex and sensitive issues clearly to senior management.
- Analytical problem-solving skills, including handling ad-hoc requests, remediating issues, and driving resolutions.
- Ability and willingness to learn, tackle new challenges, and thrive in an evolving role.
Responsibilities
- Lead, mentor, and develop a team of Business Activity Owner professionals, fostering high performance, continuous improvement, and professional growth.
- Develop and execute a strategic vision for the team, identify optimization opportunities, and align with changing technology and vendor strategy.
- Manage financial tasks and budgets related to the team and vendor portfolio.
- Guide the team through a dynamic and changing environment, while promoting work-life balance and team well-being.
- Make decisions, own outcomes, and iterate based on successes and failures.
- Act as the designated Business Activity Owner for a portfolio of vendor relationships and execute end-to-end supplier responsibilities.
- Collaborate with internal teams to define business requirements for third-party engagements.
- Initiate and complete Inherent Risk Questionnaires to determine relationship risk profiles.
- Partner with Sourcing to conduct sourcing events and select third parties.
- Manage due diligence with control assessment groups.
- Oversee contracting, obtain approvals, and ensure correct setup.
- Monitor and report third-party performance against Service Level Agreements.
- Perform ongoing monitoring control assessments and address identified gaps.
- Serve as the primary third-party contact and manage escalations.
- Identify trends, drive supplier optimization, and recommend process improvements.
- Monitor industry regulations and ensure relationships remain compliant, including managing renewals and amendments.
- Manage termination decisions and execution, ensuring smooth transitions.
Desired Qualifications
- Experience with Governance, Risk, and Compliance platforms such as Aravo and OneTPM.
- Experience working with other countries and business areas in a global organization.
- Multilingual reading, writing, and speaking capabilities.
About the company
Citi runs banking, investment and payment services for companies, governments and individuals around the world. Its global network connects institutions with local banking systems, while its US consumer business sells credit cards and deposit accounts. Corporate clients use Citi to manage cash, finance trade and raise capital, and investors use its trading, custody and wealth services to hold and manage assets. The bank earns interest on loans and fees from payments, securities transactions, financial advice and account services. Citi traces its banking roots to 1812; the Citigroup holding company was formed in 1998, and its headquarters are in New York City.
Company Size
10,001+
Company Stage
IPO
Headquarters
New York City, New York
Founded
1812
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Simplify's Take
What believers are saying
- Revenue is expanding: Citi reported $24.8 billion in the June 2026 quarter, up 14% year over year.
- US parents get protected time: eligible Citi employees receive 16 weeks of bonding leave at full base pay.
- Institutional deposits are sticky: Citi says around 80% of Services deposits come from clients with relationships exceeding 15 years.
What critics are saying
- Lending losses remain substantial: Citi's net credit losses reached $2.4 billion in the June 2026 quarter.
- Australian hybrid roles require office time: Citi sets a minimum of three office days weekly for designated hybrid positions.
- Job cuts carry a cost: Citi booked roughly $500 million in severance in the March 2026 quarter.
What makes Citi unique
- Corporate payments move at scale: Citi processes around $6 trillion daily through its Treasury and Trade business.
- Deposits move beyond banking hours: Citi Token Services transfers cash between participating Citi branches around the clock.
- Employees use a shared AI workspace: Citi's Stylus platform reaches over 180,000 people for research and multi-step workflows.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- 401(k) Retirement Plan
- 401(k) Company Match
- Wellness Program
- Paid Vacation
- Paid Sick Leave
- Paid Holidays