Third Party Risk Management

Job Description:

TPRM Assessments

Role is Third Party Risk Management Risk Specialist.

Risk Assessment and Analysis

Conduct detailed risk assessments for third-party vendors to identify potential risks associated with their services or products.

Analyze the financial stability, cyber security measures, compliance with relevant regulations, and the operational resilience of third parties.

Due Diligence and Continuous Monitoring

Perform thorough due diligence before on boarding new third parties.

Implement continuous monitoring strategies to ensure ongoing compliance and performance evaluation of existing third parties.

Vendor Risk Assessments

Lead assessments focusing on various risk domains such as cyber security, data privacy, business continuity, and legal compliance.

Use tools and methodologies such as questionnaires, audits, and risk scoring models.

Reporting and Communication

Prepare detailed reports on third-party risk exposure for senior management to aid in decision-making.

Communicate findings and recommendations effectively to stakeholders and ensure alignment on risk management strategies.

Regulatory Compliance and Documentation

Ensure all third-party engagements comply with relevant laws, regulations, and standards such as GDPR, HIPAA, or SOX depending on the industry.

Maintain comprehensive documentation for audits and regulatory reviews.

Stakeholder Engagement

Collaborate with other departments like procurement, legal, and compliance to align third-party risk management with overall organizational objectives.

Engage with third parties to communicate risk management requirements and performance criteria.

Training and Awareness

Develop and deliver training programs on third-party risk management to relevant internal stakeholders.

Raise awareness about the importance of third-party risk management throughout the organization.

Incident Management and Remediation

Lead the response to any incidents involving third parties, including the execution of incident response plans and remediation efforts.

Analyze incidents to identify lessons learned and implement improvements in risk management practices.

Innovation and Improvement

Stay abreast of industry trends and advancements in risk management technologies and practices.

Recommend and implement improvements in TPRM processes and tools to increase efficiency and effectiveness.

Apply here:

https://career.infosys.com/jobdesc?jobReferenceCode=INFSYS-EXTERNAL-200763