Third-Party Risk Management

3 days ago


bangalore district, India Wisdom Square Technologies Full time

Third-Party Risk Management (TPRM) Analyst / Senior Analyst Experience Level: 3–5 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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