Senior Manager Third Party Risk Management

10 - 15 years

5 - 10 Lacs

Posted:9 hours ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

  • Lead TPRM transformation projects in a dynamic, fast-paced environment.
  • Manage delivery of key TPRM initiatives and support execution of the global roadmap.
  • Contribute to the governance and continuous improvement of the TPRM framework, ensuring alignment with regulatory and business requirements.
  • Deliver second-line assurance activities to monitor compliance with the framework.
  • Oversee the performance and output of the outsourced TPRM operations team.
  • Collaborate with stakeholders across business units and risk domains (e.g., Information & Cyber Risk, Human Rights, Privacy, EHS, Anti-Bribery & Corruption).
  • Define and monitor KRIs and KPIs and produce regular reports on third party risk posture and programme performance.
  • Manage framework change governance, ensuring changes are well-defined, documented, assessed, and implemented particularly within the TPRM platform (currently OneTrust).
  • Maintain accurate documentation of policies, procedures, and framework updates.
  • Drive continuous improvement initiatives to enhance the maturity and efficiency of the TPRM operating model.

MUST Haves: -

8+ Strong Hands on TPRM Exp. like designing, oversight of it, governance,Transformation environment exposure.FS or PharmaAnalytical and Reporting Skills

  • 10-15 years overall experience

    in risk management, procurement, compliance, or related fields, with at least 8 years specifically in TPRM.
  • Strong understanding of TPRM frameworks, lifecycle risks, and regulatory expectations.
  • Experience working in or with second-line risk and compliance functions.
  • Proven experience managing outsourced or offshore operational teams.
  • Strong stakeholder engagement and relationship-building skills across functions and regions.
  • Excellent analytical and communication skills, with a track record of producing clear, actionable risk insights.
  • Hands-on experience with TPRM platforms (preferably OneTrust).
  • High attention to detail and strong documentation practices.
  • Experience in process mapping and redesign, including the ability to develop and document Level 2 and Level 3 processes to support TPRM operating model enhancements.
  • Ability to work independently and proactively within a global team.
  • Logical thinker with a continuous improvement mindset.
  • Proficiency in Microsoft Office (Excel, PowerPoint and Visio).

Key Responsibilities

  • Support the design, maintenance, and enhancement

    of the TPRM framework, policies, and templates.
  • Execute second-line assurance activities

    to assess operational compliance with the framework.
  • Oversee the day-to-day performance

    and output of the outsourced TPRM operations team.
  • Collaborate with risk domain SMEs and business stakeholders

    to resolve escalations, improve usability, and support education and awareness.
  • Define and track KRIs and KPIs

    to monitor programme performance and identify areas for improvement.
  • Manage governance of framework changes

    , ensuring thorough documentation, stakeholder engagement, and implementation within the TPRM platform (currently OneTrust).
  • Work with platform and technology teams

    to ensure appropriate configuration and updates within OneTrust.
  • Maintain a library of accurate, version-controlled documentation

    for policies, procedures, and framework changes.
  • Provide insights and recommendations

    to improve the framework and overall third party risk posture.
  • Support strategic transformation initiatives

    , contributing to multi-year planning and execution of the TPRM roadmap.
  • Lead stakeholder engagement and change management

    efforts to support adoption of new processes, technologies, and risk domains across the organisation.
  • Develop and deliver training and awareness programmes

    to build TPRM capability across procurement and business teams.
  • Support audit activities,

    providing evidence of framework effectiveness and programme maturity
  • Evaluate and integrate emerging risk domains

    into the framework, including geopolitical risk, solvency, resilience, fourth-party risk, and concentration risk.
  • Assess and implement risk intelligence solutions

    to enhance third party risk identification, monitoring, and reporting capabilities.
  • Explore and apply AI-driven tools and techniques

    to accelerate risk assessments, automate controls testing, and improve data-driven decision-making.
  • Collaborate with external providers and internal stakeholders

    to assess marketplace solutions and benchmark best practices in third party risk.
  • Stay abreast of regulatory developments and industry trends

    , ensuring the framework remains current, compliant, and forward-looking.
  • Champion innovation and continuous improvement

    , identifying opportunities to enhance efficiency, usability, and stakeholder experience.

Qualifications & Skills:

  • Bachelor s degree in Business, Supply Chain, Risk Management, or related field.
  • Preferred certifications: CPSM, CPIM, PMP.
  • Strong knowledge of end-to-end sourcing processes and direct materials procurement.
  • Proven experience in third party risk, ideally within consumer healthcare, consumer goods, or similarly regulated industries.
  • Good understanding of risk domains such as cybersecurity, human rights, anti-bribery & corruption, EHS, privacy and human safety information, sanctions and R&D preferably within a consumer healthcare context.
  • Experience in process mapping and documentation, with the ability to design and articulate Level 2 and Level 3 processes.
  • Clear and concise communication skills, both written and verbal.
  • Strong analytical and influencing skills, with experience developing presentations and business cases for executive audiences.
  • Ability to work across global time zones.
  • Proficient in risk reporting and visualisation tools (e.g., Power BI, Excel).
  • Comfortable working under pressure and managing tight deadlines.

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