Posted By

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Poonam Verma

Senior Relationship Manager at Waytogo Consultants.in

Last Login: 11 April 2024

94

JOB VIEWS

36

APPLICATIONS

3

RECRUITER ACTIONS

Job Code

1380865

AVP - Third Party Operational Risk Management - Bank

7 - 14 Years.Mumbai
Posted 1 month ago
Posted 1 month ago

AVP - Third Party Operational Risk Management -Bank

Risk Management Group works closely with our business partners to manage the bank's risk exposure by balancing its objective to maximise returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure

Job Purpose: To assist in monitoring inherent risk in operational processes and to ensure the Outsourcing Management in the bank runs well in accordance with existing policies and processes so that any risks that can arise can be prevented earlier.

Job Description & Responsibilities:

- Provide input and aid in the development of policies focused on the managing risks involved with third party business processes including Outsourcing arrangements

- Review and maintain the Outsourcing Governance Guide to ensure that outsourcing governance frameworks and requirements are relevant, current and effective

- Perform outsourcing risk reviews to evaluate risks associated with outsourcing arrangements and assess service providers' ability to employ high standard of care in performing the outsourced services

- Conduct third party risk assessments (including Outsourcing arrangements) in alignment with Banks policies, Industry standards and Regulatory Requirements

- Perform on site / off site assessments (Thematic Reviews) of vendors to identify opportunities for improvement

- Liaison with stakeholders (owner units of outsourcing activities) and key SMEs (Financial Crime & Security Services, Information Security Services, Group Business Continuity Management, Risk Management Group, Compliance) on risk and control matters including ad-hoc projects

- Work with service delivery managers to ensure compliance to outsourcing governance requirements

- Prioritise and implement system enhancements to support new outsourcing governance requirements and continuously improve existing system functions/ controls.

- Review and Challenge control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively

- Monitor and report bank-wide outsourcing risks in periodic outsourcing risk forums

- Responsible for regulatory submissions and periodic updates to Board and Senior Management

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Posted By

user_img

Poonam Verma

Senior Relationship Manager at Waytogo Consultants.in

Last Login: 11 April 2024

94

JOB VIEWS

36

APPLICATIONS

3

RECRUITER ACTIONS

Job Code

1380865

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