Job Purpose:

Ensure effective Third-Party Risk Assessments, Contracts, Quality assurance and reviewing Policies and Procedures.

Key Tasks and Duties:

Third Party Risk Management and Policies and Procedures Responsibilities

• Conduct third party risk assessments in alignment with NBO policies and frameworks.
• Perform on site assessments of vendors to identify opportunities for improvement.
• Provide input and develop policies & frameworks focused on the third-party and business processes.
• Develop and maintain supplier risk and control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively.
• Complete monitor and control tasks triggered by supplier Tier and Third-Party Interaction.
• Responsible for proper contract review and reconciliation.
• Monitor and ensure successful delivery against third party contractual obligations.
• Assist in development of, and monitor, SLA's or key performance indicators for third party relationships.
• Periodic review of Policies, Procedures and manuals of the Bank.
• Periodic follow-ups need to be taken for process/policies are renewed.
• Any revision in policy should be reflected in each process.
• Develop, implement and embed key process areas to ensure people, approvals, key controls are available.
• Policies and Procedures should have ability to look into details of each process and map it to policy. Working Environment.

Qualifications:

Bachelor Degree in Business Administration.

Experience:

• Minimum 8 years of experience developing and maintaining vendor risk management programs.
• Solid understanding of information technology and security solutions.
• Monitor and ensure successful delivery against third party contractual obligations.
• Assist in development of, and monitor, SLA's or key performance indicators for third party relationships.
• Ability to use various process management tools such as Microsoft office, automated tools.
• Experience in Banking operations and controls.
• Experience in reviewing Third Party Risk Assessments and contracts.