JOB DESCRIPTION

Job Purpose / Summary:

To provide independent oversight of the Bank's Third Party Risk Management (TPRM) and outsourcing framework by ensuring regulatory compliance, robust operational risk governance, effective vendor monitoring, and timely reporting to senior management, Board Committees, and regulators. The role requires an insightful, analytical approach towards third party risk assessment, policy implementation, and strengthening the Bank's outsourcing risk management practices.

Duties and Responsibilities:

· Provide end-to-end oversight of the Bank's Third-Party Risk Management and outsourcing arrangements in line with RBI guidelines and internal policies.

· Ensure periodic review and revision of the Outsourcing Policy and framework as per evolving regulatory requirements.

· Oversee third party risk assessments, vendor onboarding, due diligence, empanelment, and approval processes through the ServiceNow TPRM platform.

· Monitor compliance of owner departments with outsourcing directives and risk mitigation requirements.

· Coordinate and maintain oversight of Outsourcing Committee (COC) meetings, including agenda management, documentation, and approval tracking.

· Prepare insightful analysis and Board-level documentation, MIS, committee notes, and regulatory submissions related to outsourcing and third-party risks.

· Review and scrutinize onboarding documents for empanelment of DSAs and other third parties as a member of designated approval committees.

· Ensure satisfactory audit outcomes through effective monitoring and governance of vendor management processes.

· Liaise with regulatory, audit, and internal stakeholders for timely submission of reports and closure of observations.

· Lead, mentor, and develop team members while promoting a strong risk culture and continuous learning environment.

Experience / Skillset / Certifications Required:

Educational Qualification - MBA / PGDM / CA / FRM / Professional qualification in Risk Management, Finance.

Relevant Job Experience-

· 12-15+ years of experience in Operational Risk, Third Party Risk Management, Vendor Risk Management, Outsourcing Governance, Audit, or Compliance within Banking/Financial Services.

· Strong understanding of RBI outsourcing guidelines, operational risk frameworks, and vendor governance practices.

Skills and Competencies- Third Party Risk Assessment , Operational Risk Management, Board & Committee Documentation, Analytical and Insightful Decision Making

Recommended By:

Approved By: