Alternative Job Title

1 day ago

Hyderabad Secunderabad Telangana, India beBeeThirdPartyRisk Full time ₹ 1,04,000 - ₹ 13,08,780

Job Title: Third Party Risk Management Specialist

Job Description:

This role involves serving as a primary business liaison and LOB relationship manager, supporting specific CIB LOBs and/or service categories. This includes all inherent risk levels.

The successful candidate will establish a framework for the line of business to follow when engaging any third-party to support the execution of strategy. They will provide guidance and consultation on all third-party responsibilities to various business partners.

The specialist will report findings and develop business cases to influence senior management on the need for controls to mitigate risk. They will conduct regularly scheduled meetings with business partners to communicate Third-Party Service Provider Program requirements and procedures, share best practices.

The Third-Party Risk Management Specialist will review Oversight & Monitoring and KRI reports and follow-up with stakeholders regarding open, past due or over threshold/trigger items. They will escalate third-party incidents or related loss events to senior risk leaders.

The specialist will document Risk Remediation/Acknowledgement and coordinate approval processes. They will respond to audit, regulatory and IRM oversight reviews as appropriate.

Additionally, the Third-Party Risk Management Specialist will oversee third-party risk management life cycle activities and identify new risks as business requirements evolve.

Required Skills and Qualifications:

  • 8 to 11 years of experience in Risk and Compliance Management, Third-Party Risk Management, financial services, Operational Risk & Controls, reporting and analysis.
  • Good knowledge on 3rd Party Risk Management and Vendor onboarding process.

Desired Qualifications:

  • Operational Risk & Controls experience.
  • Excellent verbal, written and interpersonal communication skills.
  • Solid problem-solving and decision-making skills.
  • Proficient in Microsoft Outlook and Excel.
  • Understand and ensure compliance and risk management policies.
  • Provide support for compliance and risk management requirements.
  • Work closely with both internal stakeholders and users to meet their service needs.
  • Ability to meet deadlines.
  • Demonstrates a high degree of reliability, integrity, and trustworthiness.

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