TPRM Associate

Job Title: Third-Party Control Assurance Analyst
Corporate Title: AS
Location: Bangalore, India

Role description:

The Third-Party Control Assurance Analyst is responsible for supporting the Bank with the execution of control assurance process for the relevant third-party vendors in line with the defined policy, process and guidelines. The analyst 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 you’ll 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:

• 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.
• Support Service Owners and Vendor Managers in organizing governance meetings and preparing agenda to ensure continuous third-party vendor risk monitoring.
• Provide ongoing support to Service Owners and Vendor Managers by participating in governance meetings and answering queries related to Assurance Testing.
• 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 publish Assurance Testing risk assessment reports which outline identified risks, mitigation actions and outcomes.
• Support with setting up and conducting Assurance Testing training sessions for internal stakeholders such as Service Owners and Vendor Managers.

Your Skills & Experience:

• Professional experience in either audit, risk management, compliance, procurement are an advantage
• Understanding of third-party risk management framework, processes and best practices
• Have a strong appreciation of risks, regulatory requirements and controls generally and in particular in the vendor outsourcing and service delivery environment
• Analytical, problem-solving and critical thinking abilities
• Ability to diagnose improvement areas across processes, tools and systems
• 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