Third-Party Control Assurance Specialist, VP

Job Title:Third-Party Control Assurance SpecialistCorporate Title:Vice PresidentLocation:Bangalore, India

Role description:

The Third-Party Control Assurance Specialist is responsible for supporting the Bank with managing third-party risks and execution of control assurance process for the relevant third-party vendors in line with the defined policy, process and guidelines. The specialist will oversee the third-party risk portfolio by tracking risk explore and ensuring compliance with the Banks risk appetite. In addition, the specialist will be coordinating with relevant internal and external stakeholders to assess and verify third-party vendor control effectiveness to meet the organizations control requirements. The role is essential for monitoring third-party risks and enabling risk mitigation to protect the organization.

What we'll offer you

As part of our flexible scheme, here are just some of the benefits that youll enjoy

Best in class leave policy

Gender neutral parental leaves

100% reimbursement under childcare assistance benefit (gender neutral)

Sponsorship for Industry relevant certifications and education

Employee Assistance Program for you and your family members

Comprehensive Hospitalization Insurance for you and your dependents

Accident and Term life Insurance

Complementary Health screening for 35 yrs. and above

Your Key Responsibilities:

Manage and oversee third-party risk exposure across the division and establish the outsourcing risk profile that is managed within the Banks risk appetite.

Ensure compliance to the defined third-party risk standards and policies and Key Risk Indicators measurements.

Evaluate the residual risk on outsourced engagements to identify any breaches against risk appetite, including tracking the mitigation status on identified gaps or breaches.

Conduct outreach to relevant internal stakeholders and third-party vendors to initiate the assurance process and gather responses to the assurance testing questionnaire including other necessary information.

Perform due diligence on third-party vendor by assessing gathered responses according to the defined internal process and guidelines.

Escalate identified gaps to relevant Assessment Teams or 2LoD Risk Type Controllers.

Assign risk scores to the third-party vendors according to the defined scoring matrix.

Create and maintain third-party risk reports for senior stakeholders to outline identified risks, mitigation actions and outcomes.

Your Skills & Experience:

15+ years of professional experience in third party risk management, vendor assurance or governance

Strong understanding of third-party risk management framework, processes, and best practices

Experience in managing cross-functional teams and engaging with senior leadership.

Strong analytical, problem-solving, and critical thinking abilities

Excellent oral and written communication skills

Relationship building and stakeholder management skill set

How we'll support you

Training and development to help you excel in your career

Coaching and support from experts in your team

A culture of continuous learning to aid progression

A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:



https://www.db.com/company/company.htm

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.