Senior Third Party Risk Management Specialist

2 days ago

bhavnagar, India beBeeRiskManagement Full time

Job Role OverviewThe role of AVP - Third Party Risk Management supports the strategic development and implementation of a firm-wide Third-Party Risk Management Framework.Lead the design and deployment of a firm-wide TPRM framework including outsourcing governance framework.Manage the ongoing TPRM program which includes an integrated approach for assessing and mitigating the risk of new and existing third-party suppliers.Ensure that risks associated with Third Party relationships are sufficiently identified assessed monitored and controlled.Responsibilities:Key responsibilities include monitoring and updating third-party risk assessment frameworks to respond to regulatory guidelines and initiatives.Lead third-party risk segmentation deploy and maintain up-to-date annual attestations by contract owners.Develop reports for use by business areas and senior management regarding third-party risks.Identify and escalate key items of concern regarding new and existing current third–parties including concentration risk and fourth-party risk exposures.Partner with sourcing partners Operational Risk Team Information Security Technology Risk Team Compliance Legal business areas and other assurance functions in the second and third line of defense to identify third-party risks.Support Head of TPRM in addressing Central Bank Internal Audit and Compliance observations.Collaboration and CommunicationRegular interaction and working relationship with Heads of Segments Divisions Countries Subsidiaries and Affiliates.Heads of Second Line functions including Fraud Prevention & Intelligence Compliance & Information Security; and Senior Management of outsourced service providers.Problem Solving AbilitiesAbility to influence Business Units for effective Third Party Risk management.Ability to assimilate emerging practices and developments in Third Party Risk Management.Flexibility and AdaptabilityThis role requires the ability to adapt quickly to changing requirements and priorities.

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