Third-Party Risk Management

2 weeks ago


Bengaluru India Wisdom Square Technologies Full time

Job Description Third-Party Risk Management (TPRM) Analyst / Senior Analyst- IMMEDIATE JOINERS ONLY Experience Level: 35 Years Location: Bengaluru, Hybrid, Remote Job Type: Full-Time Job Summary We are seeking a proactive and analytical Third-Party Risk Management (TPRM) Analyst to join our risk and compliance team. The ideal candidate will have 3-5 years of direct experience in vendor risk management, information security, or IT audit. This role involves managing the day-to-day execution of the TPRM lifecycle, conducting comprehensive vendor risk assessments, and ensuring compliance with established internal policies and regulatory requirements. The analyst will collaborate with cross-functional stakeholders to identify, assess, and mitigate potential risks associated with our third-party vendors. Key Responsibilities - Risk Assessments & Due Diligence: Conduct end-to-end third-party risk assessments during onboarding and periodic reviews, including inherent risk scoring and detailed due diligence. - Compliance & Frameworks: Evaluate vendor compliance with internal policies and industry standards, including regulatory frameworks such as ISO 27001, NIST, SOC 2, and GDPR. - Risk Mitigation & Monitoring: Identify control gaps in vendor responses, recommend actionable mitigation strategies, and track the remediation of identified issues in collaboration with internal stakeholders and vendors. - Documentation & Reporting: Maintain accurate documentation of all TPRM activities, including risk assessments, contracts, and supporting evidence (e.g., SOC reports, insurance documents). Prepare risk reports and dashboards for management and governance committees. - Stakeholder Collaboration: Partner with internal teams (e.g., Procurement, Legal, Information Security, Business Units) to facilitate due diligence activities and ensure alignment with the enterprise risk management program. - Process Improvement: Proactively identify opportunities to improve and streamline TPRM processes and procedures, contributing to the continuous maturity of the program. Required Qualifications and Skills - Education & Experience: A Bachelor's degree in any discipline with 3-5 years of relevant experience in Third-Party Risk Management, Vendor Risk Management, IT Risk Compliance, or internal audit. - Technical Knowledge: Strong understanding of risk management principles, information security controls, and control testing methodologies. - Analytical Skills: Excellent analytical and problem-solving skills with strong attention to detail, capable of analysing complex information and making data-driven decisions. - Communication: Strong verbal and written communication skills, with the ability to effectively communicate complex risk concepts to technical and non-technical audiences. - Project Management: Proven ability to manage multiple concurrent projects, prioritize tasks, and meet deadlines. Preferred Qualifications and Certifications - Certifications: Professional certifications such as Certified Third Party Risk Professional (CTPRP), Certified Information Systems Auditor (CISA) or CRISC are highly desirable. - Industry Knowledge: Familiarity with specific regulatory guidance relevant to the financial services, regulations like OCC or FFIEC.



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