AVP, Third Party Risk Management – Operational Risk

This is a fully remote position, open to applicants in India.

📋 Description

• Spearhead the creation and implementation of a comprehensive TPRM framework across the organization, including an outsourcing governance framework.

• Oversee the continuous TPRM program, which encompasses a holistic approach to evaluating and mitigating risks from both new and current third-party suppliers.

• Ensure that the risks associated with Third Party relationships are thoroughly identified, assessed, monitored, and controlled both prior to and following contract engagement.

• Manage and enhance the governance model to facilitate ongoing monitoring and oversight of risks presented by third parties.

• Continuously update the third-party risk assessment framework to comply with and adapt to new and existing regulatory guidelines and initiatives.

• Lead the segmentation of third-party risks and ensure the deployment and maintenance of current annual attestations by contract owners.

• Create reports for various business areas and senior management detailing third-party risks.

• Identify and escalate significant concerns regarding both new and existing third parties, including potential concentration risks and fourth-party risk exposures.

• Collaborate with sourcing partners, the Operational Risk Team, Information Security and Technology Risk Team, Compliance, Legal, business units, and other assurance functions in the second and third lines of defense to identify and appropriately escalate third-party risks.

• Assist the Head of TPRM in addressing observations from the Central Bank, Internal Audit, and Compliance.

• Monitor the status of the RCSA, ORE, KRI, Issues & Actions, and NPPA programs within the first line Business Units.

• Conduct detailed analyses of the outputs from the Group’s operational risk management programs.

• Maintain ongoing surveillance of the Bank’s Operational Risk profile at the Business Unit level.

• Ensure compliance with regulatory requirements and foster an environment of continuous improvement.

• Provide user support and ensure the effective management of the Group operational risk program design on Prism, the Bank’s Operational Risk Management Information System.

⛳️ Requirements

• A minimum of 5-7 years of specialized experience in Third-Party Risk Oversight, Vendor Governance, Risk Management, and Operational Risk.

• Demonstrated relevant experience in the financial services sector, with a strong preference for risk and regulatory-related expertise.

• Preferred experience with Third Party Vendors.

• Extensive and in-depth technical knowledge of third-party risk.

• Excellent people management, internal consulting, and collaboration skills.

• Capability to influence outcomes with or without formal authority.

• Ability to balance and effectively manage competing priorities.

🏝️ Benefits

• Health insurance

• Flexible work arrangements

• Professional development opportunities