Vendor Risk Review-Team Member IS Risk

3 days ago

Mumbai, Maharashtra, India Yes Bank Full time

Job Code

Cost Center

Job Title

Team Member Vendor Risk Review

Functional Title

Management Band

Junior Management

Business Unit

Risk Management

Division

Information Security

Department

Information Security

Location

Mumbai

Reporting to

No. of Direct Reports

SECTION II: ROLE SUMMARY

Yes Bank is a Universal Bank and its mission is to establish a high-quality, customer-centric, service-driven, private Indian Bank catering to the 'Future Businesses of India'. This role is for managing payment data (including card data) security in Bank's Information Security Department.

SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIES

Strategic/ Managerial Responsibilities

NA

Core Responsibilities

  • Handle the Vendor (Third-Party) Risk Review Management Program independently
  • Ensure support to Operations Risk Management Team on vendor onboarding process (review of details from cyber security perspective)
  • Maintain and update Third-party Policies, Procedure & Process documents.
  • On demand review of vendor agreements (cyber security requirements)
  • Review and update third party audit checklists based on the industry events, internal policies / process changes / regulatory requirements / advisories.
  • Prepare yearly calendar for vendor audits and circulate the same to business owners.
  • Conduct risk based and checklist-based vendor audits as per calendar in stipulated time.
  • Ensure new vendors are included in vendor audits calendar as per defined criteria.
  • Prepare the reports and track the observations raised for closure with business teams.
  • Maintain and manage audit and observations tracker / dashboards.
  • Present periodic updates and dashboards to relevant management team and during management presentations
  • Handle the escalation related to Vendor risk review.
  • Handle periodic audits from regulator / government agencies / internal audits independently for Vendor risk review.

People Management or Self-Management Responsibilities

  • NA

Risk and Internal Control Responsibilities

  • NA

SECTION IV: KEY INTERACTIONS

Key Internal Interactions

Purpose of Interaction

Operational Risk

  • Work Along with OR team for performing Vendor Risk

Business

  • Liaise with business teams at the time of vendor on-boarding, vendor risk reviews

Compliance

  • CSITE Submissions
  • Clarifications for guidelines
  • CSITE Audit

IAD

  • Internal audit of Information Security

Key External Interactions

Purpose of Interaction

RBI

  • Clarifications for guidelines
  • Submission of feedback to draft guidelines
  • CSITE Audit query resolutions

SECTION V: KNOWLEDGE & EXPERIENCE

KNOWLEDGE

Minimum Qualifications

  • 3-5 years of relevant Vendor Audit Experience
  • Graduate/Post-graduate

Professional Certifications

  • NA

Language Skills

  • Excellent written and verbal communication

EXPERIENCE

Years of Experience

  • 3-5 years of experience
  • CISA, CRISC, CISSP, CISM, PCI DSS – QSA, ISO 27001:2013 LA are added advantage

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