M1 Manager - Vendor & Third-Party Risk

7 - 11 years

0 Lacs

Posted:1 day ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

As a Third-Party Risk Management Lead, you will be responsible for developing, implementing, and maintaining a comprehensive risk management framework aligned with industry standards and regulations. Your key responsibilities will include: - Leading vendor due diligence processes, conducting risk assessments, onboarding reviews, and ongoing monitoring of critical vendors - Overseeing the Business Continuity Management System (BCMS) and ensuring compliance with ISO-22301 standards - Conducting periodic risk assessments of third-party service providers and developing risk mitigation strategies - Coordinating the development, testing, and maintenance of business continuity plans, disaster recovery plans, and crisis management procedures - Leading incident response activities during disruptions and ensuring timely and effective communication with stakeholders - Collaborating with procurement, legal, and business teams to incorporate risk considerations into vendor selection and contract negotiations - Creating and delivering regular reports on third-party risk posture and BCMS effectiveness to senior management - Staying current with regulations, standards, and best practices related to third-party risk management and business continuity - Training and educating internal stakeholders on third-party risk management principles and business continuity awareness - Leading internal and external audits related to third-party risk management and business continuity Qualifications required for this role include: - Bachelor's degree in Business, Risk Management, IT, or related field; Master's degree or professional certifications (CRISC, CISA, ISO-22301, CBCP) preferred - 7+ years of experience in risk management, vendor management, or related fields within financial services or fintech - Proven experience in developing and implementing third-party risk management programs - In-depth knowledge of business continuity management systems and ISO-22301 standards - Experience in crisis management, disaster recovery planning, and business continuity implementation - Strong understanding of regulatory requirements related to third-party oversight in the financial services industry - Experience conducting vendor risk assessments and due diligence reviews - Proficiency in risk assessment methodologies and tools - Excellent project management skills with the ability to manage multiple priorities simultaneously - Strong analytical thinking and problem-solving abilities - Exceptional communication and stakeholder management skills - Experience leading cross-functional teams and influencing without direct authority In addition to the challenging role and responsibilities, you can expect a positive, get-things-done workplace in a dynamic environment that encourages continuous learning and development. The company is committed to building a diverse and inclusive workforce, ensuring that a range of voices are heard when making decisions.,

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