Spvr - Third Party Risk Management

World Courier

1 - 3 years

4 - 7 Lacs

pune

Posted:1 day ago| Platform:

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Skills Required

procurement data analysis coding contract management process improvement invoice processing manager quality control microsoft risk management monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

Identify, measure, and report operational and Third-Party Risk Management risks
Support management of third-party risk onboarding and due diligence by ensuring appropriate risk assessments are completed
Supervise a team of associates responsible for day-to-day operations related to vendor onboarding, due diligence, contract management, ongoing monitoring, and terminations.
Support Business Owners with due diligence documentation and evaluation of third-party relationships.
Execute issue management end-to-end activities (issue identification, prioritization, assignment, remediation, closure) for matters pertaining to third parties
Ensure adequate, appropriate, and current third-party risk documentation is maintained in the Third-Party Risk Management Software System
Leverage the Third-Party Risk Management Software System as the system of record and as a reporting tool to analyze vendors for risk analysis
Consult with business leaders to effectively manage change when required
Provide risk oversight for process improvement projects, as needed.
Liaise with senior management and Third-Party Risk Management stakeholders.
Develop and oversee ongoing monitoring activities in alignment with TPRM policy.
Provide subject matter expertise on various components of Third-Party Risk Management.
Assist in developing and facilitating training materials for the Third-Party Risk Management program.
Collaborate with other risk functions to support and advise in the development and implementation of risk mitigation controls.
Conduct quality control reviews on data and submissions by the Business Sponsors.
Assist in creating desktop procedures for departmental processes.
Maintain policies and governance documents related to the Third-Party Risk Management program.
Monitor and assess the effectiveness of inter-dependent risk and related program policies, procedures, processes, systems, and internal controls.
Prepare reports and communicate risk findings and recommendations to senior management and stakeholders.
Review contracts to ensure inclusion of required terms and conditions.
Work with management and stakeholders to ensure proper vendor termination procedures are in place and enforced.
Continuously refine the Third-Party Risk Management Program in response to emerging trends and evolving industry best practices and regulatory requirements.
Perform other duties as assigned.

Qualifications:

bachelors Degree required.
Strong understanding of risk management principles and practices, particularly with respect to third-party relationships.
Proven management experience with the ability to lead and develop a team.
Experience in contract negotiation, invoice processing, or legal terms review preferred.
Proficient in data analysis and capable of interpreting contracts, compliance documentation, and financial statements.
Excellent written and verbal communication skills for reporting findings and collaborating with vendors and internal stakeholders.
Proven ability to identify and mitigate risks and develop effective risk mitigation strategies.
Self-motivated and capable of working independently with strong organizational skills.
Ability to multitask and thrive in a fast-paced environment.
Consistently meets deadlines and delivers results.
Proactive problem solver with sound judgment and critical thinking skills.
Detail-oriented and results-driven.
Proficient in Microsoft Word, Excel, Outlook, and PowerPoint.
Willingness to learn new technology systems or programs.
Experience with flowcharting software.
Prior experience in Third Party Risk Management, Procurement, or managing supplier relationships preferred.
High ethical standards with the ability to handle sensitive information confidentially.
Experience in coding or programming is a plus.

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