Third Party Risk Management

5 - 10 years

5 - 7 Lacs

Posted:1 day ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

Roles & Responsibilities

  • Develop and manage a comprehensive third-party risk management framework/program.
  • Drive regulatory compliance and remediation programs such as Digital Operational Resilience Act (DORA).
  • Independently manage third-party due diligence including initial risk assessments and ongoing monitoring.
  • Contribute to governance and provide recommendations on remediation of risks, deficiencies, or gaps, including identifying alternative controls where compliance cannot be met.
  • Document and present overall residual risk to higher management for approvals and risk acceptance.
  • Interact with vendors, business units, and stakeholders to assess, explain, and remediate identified risks.
  • Perform ongoing monitoring activities, including performance monitoring, contractual compliance, SLA/KPI adherence, and negative news monitoring.
  • Test design and operating effectiveness of TPRM controls, identify gaps, and recommend improvements.
  • Support key reporting activities and perform ad hoc IT risk analysis and reporting.

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