Senior Third Party Risk Professional

1 week ago


Tirupati, India beBeeThirdPartyRisk Full time

Role OverviewThe Third-Party Risk Manager plays a crucial role in the bank's Operational Risk Management Framework, working closely with the Head of TPRM to develop and implement effective strategies for mitigating third-party risks.This includes designing and deploying a firm-wide TPRM framework, incorporating outsourcing governance and risk management best practices.The successful candidate will also be responsible for managing the ongoing TPRM program, including the identification, assessment, monitoring, and control of risks associated with third-party suppliers.Key responsibilities include ensuring that risks are adequately identified, assessed, and controlled before and after contract execution, as well as maintaining an up-to-date annual attestation process for contract owners.Regular reports will be generated for business areas and senior management on third-party risks, enabling informed decision-making and strategic planning.Collaboration with sourcing partners, Operational Risk Team, Information Security, Technology Risk Team, Compliance, Legal, and other assurance functions is essential to identify and escalate key concerns related to new and existing third-party suppliers.Supporting the Head of TPRM in addressing Central Bank Internal Audit and Compliance observations is also a critical aspect of this role.Maintaining an awareness of first-line Business Units' status regarding RCSA ORE KRI Issues & Actions and NPPA programs is vital, along with performing detailed analysis on operational risk management outputs.Compliance with regulatory requirements and fostering an environment for continuous improvement are paramount.Effective user support and management of the Group operational risk program design on Prism, the bank's Operational Risk Management Information System, will be required.



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