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Manager/Senior Manager- Third Party Risk Management
2 months ago
The incumbent will be a part of Risk Management Function in Portfolio Management & Operational Risk Department with focus on Outsourcing/Vendor/Third party risk management
Role & responsibilities
The incumbent will work with a team of risk professionals in India and will be responsible for identifying, measuring, monitoring, and reporting on enterprise-wide risks.
Manage and maintain an effective Outsourcing/Vendor Risk Framework.
Generate dashboards to monitor IT/IS /third party risks for reporting to the Risk Management Committee and Senior Management
Develop Standard Operating Procedure (SOP) for vendors providing financial services.
Identify, evaluate, control, and mitigate the organization wide operational risks by developing a pre- emptive control strategy.
Provide support to units in conducting process and procedure reviews, User Acceptance Test from OR perspective.
Be a point of reference for business units and share knowledge and skills
Principal Accountabilities:
Coordinating and performing reviews of third-party outsourced vendors including IT and non-IT vendors.
Coming up with ideas and presenting them via reports and presentations and making suggestions or recommendations for improvements and enhancements based on research or findings.
Regular review of complaints against the vendor (risk events) reported and perform root cause analysis in consultation with business units.
Identification of Key Risk Indicators (KRIs) and regular monitoring and reporting of KRI breaches to senior management.
Tracking of action plans developed and monitor the closure of the same within timelines.
Preferred candidate profile
Over 5-10 years of experience in Banking and Financial Services Industry preferably 3-4 years of experience in Operational risk or outsourcing risk experience.
Excellent stakeholder management skills with the ability to build productive relationships across leadership levels and teams.
Strong analytical skills, good communication skills.
Graduate / Postgraduate, with specialization in Enterprise risk management (preferred)
Experience working with SQL (preferred), Excel and PowerPoint
Third-Party Risk management
