Job Description
Role/Job Title: Sr Analyst- Third Party Risk Management
Business: Risk Management
Function/ Department: Enterprise Risk Management
Place of work: Mumbai
Roles & Responsibilities:
Implement processes and ensure compliance of Vendor Risk Management framework. Validate Compliances as per 3rd Party Risk Management Framework by Business unit viz. Vendor Due Diligence, Risk Assessments, Reviews, availability mandatory clauses in contracts. Build & Maintain Database of Vendor and provide to Stakeholders as required. Follow up and Arrange availability of Contracts. Track Open issues related to Framework or Vendors, if not being separately tracked. Prepare MIS/Data as required by Management and Regulators. Collaborate with cross-functional team such as procurement, Legal, compliance, IT, ISG, BCM , etc. to evaluate the risk profile of potential & existing vendor. Develop and deliver comprehensive reports to Senior management and key stakeholders , highlighting the status of TPRM risks, issues, pendency's, etc. Drive continuous improvement initiatives to enhance efficiency & effectiveness of TPRM process. Provide guidance & training to the stakeholders on TPRM process & policies.
Secondary Responsibilities:
Help in managing Stakeholders Requirements – Audit, Compliance, legal, BCM, ISG, AP. Conduct UAT testing during System implementation.
Managerial & Leadership Responsibilities:
Manage Support staff, if provided as per requirements.
Key Success Metrics:
No Compliance and Audit issues related to Outsourcing.
Availability of Comprehensive records and contracts of the vendors.
Business: Risk Management
Function/ Department: Enterprise Risk Management
Place of work: Mumbai
Roles & Responsibilities:
Implement processes and ensure compliance of Vendor Risk Management framework. Validate Compliances as per 3rd Party Risk Management Framework by Business unit viz. Vendor Due Diligence, Risk Assessments, Reviews, availability mandatory clauses in contracts. Build & Maintain Database of Vendor and provide to Stakeholders as required. Follow up and Arrange availability of Contracts. Track Open issues related to Framework or Vendors, if not being separately tracked. Prepare MIS/Data as required by Management and Regulators. Collaborate with cross-functional team such as procurement, Legal, compliance, IT, ISG, BCM , etc. to evaluate the risk profile of potential & existing vendor. Develop and deliver comprehensive reports to Senior management and key stakeholders , highlighting the status of TPRM risks, issues, pendency's, etc. Drive continuous improvement initiatives to enhance efficiency & effectiveness of TPRM process. Provide guidance & training to the stakeholders on TPRM process & policies.
Secondary Responsibilities:
Help in managing Stakeholders Requirements – Audit, Compliance, legal, BCM, ISG, AP. Conduct UAT testing during System implementation.
Managerial & Leadership Responsibilities:
Manage Support staff, if provided as per requirements.
Key Success Metrics:
No Compliance and Audit issues related to Outsourcing.
Availability of Comprehensive records and contracts of the vendors.
💡 Quick Summary
Seeking a career-building opportunity? The Sr TPRM Analyst position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.