Third-Party Risk Management Analyst (3-5 yrs)

Job Description.

We are looking for Third-Party Risk Management (TPRM) Analyst who will be managing risks associated with third-party vendors, ensuring contract alignment with organizational policies, and maintaining compliance with relevant regulations.

Skill / Qualifications:

- Bachelor's/Master's degree in Business Administration, Finance, Information Technology, or a related field.

- 3+ years of experience in third-party risk management, contract management, compliance, or a related role.

- Strong understanding of risk management principles and regulatory requirements.

- Experience with contract review, negotiation, and management.

- Excellent analytical and problem-solving skills.

- Strong communication and interpersonal skills.

- Third-Party Risk Management: Risk assessment, due diligence, vendor monitoring.

- Contract Alignment: Contract review, negotiation, SLA management.

- Compliance: Regulatory compliance, compliance assessments, audit preparation.

Soft Skills: Analytical thinking, attention to detail, communication, collaboration.

Certification Required: CRISC, CTPRP, CISA, CISM.

Job Responsibilities:

- Third-Party Risk Management (TPRM).

- Identify, assess, and monitor risks associated with third-party vendors.

- Conduct due diligence on new and existing vendors to ensure they meet security, privacy, and compliance standards.

- Develop and maintain a risk assessment framework for evaluating third-party vendors.

- Monitor third-party performance and compliance with contractual obligations.

- Maintain a register of third-party risks and track mitigation efforts.

- Collaborate with internal stakeholders to ensure third-party risk management processes are integrated into business operations.

- Contract Alignment.

- Review vendor contracts to ensure alignment with organizational policies and compliance requirements.

- Work with legal and procurement teams to negotiate contract terms and conditions.

- Ensure contracts include appropriate risk management clauses, service level agreements (SLAs), and data protection provisions.

- Track and manage contract renewals, amendments, and terminations.

- Maintain a centralized repository of all vendor contracts and related documentation.

- Compliance.

- Ensure third-party vendors comply with applicable laws, regulations, and industry standards.

- Monitor changes in regulatory requirements and update vendor compliance requirements accordingly.

- Conduct regular compliance assessments and audits of third-party vendors.

- Develop and implement policies and procedures for third-party compliance management.

- Provide training and awareness programs on third-party risk management and compliance for internal stakeholders.

- Prepare and present reports on third-party risk and compliance status to senior management.

Benefits: Competitive Market Rate (Depending on Experience).