Job Views:  
59
Applications:  26
Recruiter Actions:  0

Job Code

1462378

Manager - Third Party Risk Management - BFS

12 - 18 Years.Hyderabad
Posted 3 weeks ago
Posted 3 weeks ago

Job Description: We are seeking a talented and experienced Third-Party Risk Management (TPRM) Manager with a primary focus on vendor risk assessment and vendor onboarding processes. The ideal candidate will have a strong background in risk management, with specific expertise in assessing and onboarding third-party vendors across various business functions. This individual will play a critical role in enhancing our TPRM framework to effectively identify, assess, and mitigate risks associated with vendor relationships.

Key Responsibilities:

- Lead the development and implementation of robust vendor risk assessment methodologies and processes to evaluate the risk exposure posed by third-party vendors across the organization.

- Conduct comprehensive risk assessments of potential and existing vendors, considering factors such as financial stability, security controls, regulatory compliance, and business continuity.

- Collaborate with internal stakeholders, including procurement, legal, compliance, and business units, to ensure alignment of vendor risk assessment processes with organizational objectives and regulatory requirements.

- Develop and maintain vendor risk profiles, including risk ratings, mitigation strategies, and ongoing monitoring requirements, to facilitate informed decision-making and risk mitigation efforts.

- Partner with vendors to address identified risks and deficiencies, including the development and implementation of remediation plans to strengthen controls and improve risk posture.

- Oversee the vendor onboarding process, ensuring adherence to TPRM policies and procedures, conducting due diligence reviews, and obtaining necessary approvals before engaging new vendors.

- Provide guidance and support to business units in understanding and managing vendor-related risks, including contract negotiations, service level agreements (SLAs), and risk mitigation strategies.

- Monitor and report on key vendor risk indicators (KRIs), emerging risks, and trends, providing regular updates to senior management and key stakeholders.

- Stay abreast of industry trends, regulatory developments, and emerging best practices in TPRM, incorporating relevant insights into vendor risk assessment and onboarding processes.

Qualifications:

- Bachelor's degree in Business Administration, Finance, Risk Management, or related field. Advanced degree (e.g., MBA, CFA, CRCM) preferred.

- 12-18 years of experience in third-party risk management, vendor management, or related field, with a focus on vendor risk assessment and onboarding processes.

- Strong understanding of regulatory requirements, industry standards, and best practices related to vendor risk management (e.g., OCC Bulletin 2013-29, ISO 27001, etc.).

- Demonstrated experience developing and implementing vendor risk assessment methodologies, including risk scoring models, assessment criteria, and evaluation frameworks.

- Excellent analytical and problem-solving skills, with the ability to assess complex risks and develop pragmatic solutions to mitigate them.

- Strong project management skills, with the ability to manage multiple initiatives simultaneously and deliver results within established timelines.

- Excellent communication and interpersonal skills, with the ability to effectively collaborate with internal stakeholders and external vendors.

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Job Views:  
59
Applications:  26
Recruiter Actions:  0

Job Code

1462378

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