Third Party Risk Professional Manager

Key Responsibilities :

• Conduct comprehensive third party risk assessments for new and existing vendors across the organization.
• Prepare detailed and summary reports of assessments, including customized reports tailored to specific business needs.
• Serve as a Subject Matter Expert (SME) in third party risk, collaborating with Operational Risk, IT, Law, Privacy, Compliance, Sourcing, and Treasury to develop and apply risk assessment criteria aligned with corporate policy.
• Partner with internal stakeholders to identify and mitigate operational risks in business processes, applications, and systems tied to third party relationships.
• Ensure integration and compliance of third party risk management lifecycle elements in collaboration with IT, Sourcing, and Legal teams.
• Review vendor contracts, assess redlines, and make informed decisions on approval or rejection based on risk exposure.
• Identify and measure risks in business areas and workflows, performing due diligence to ensure effective vendor risk identification and mitigation.
• Advise business partners on risk mitigation strategies aligned with organizational risk appetite and tolerance.
• Engage directly with vendors to assess security controls, ensuring adequate protection of sensitive data and systems.
• Promote awareness of third party risks and enhance internal service models to ensure timely communication of key risk issues.
• Contribute to the development of training programs for internal teams on third party due diligence and ongoing monitoring responsibilities.
• Demonstrate leadership and influence in driving execution of third party risk initiatives.
• Apply strong analytical skills to identify issues, assess root causes, and recommend effective risk responses.
• Synthesize complex data into actionable insights and concise reports for leadership.
• Communicate effectively across all levels, delivering clear and persuasive messages.
• Manage multiple priorities in a fast-paced environment with minimal supervision.
• Foster cross-functional collaboration and maintain high professionalism and urgency.

Tools & Technology Proficiency :

Utilize tools such as MS Office (e.g. Word, Excel, PowerPoint, Visio), ServiceNow, and GRC platforms (e.g., Archer) to support third party risk assessments, reporting, and workflow management.

Knowledge & Expertise :

(ref : hirist.tech)