DT TPRM-Advisory Services Executive

The Assistant Manager -(TPRM) is responsible for implementing and maintaining an effective third-party risk management program. They will assist in assessing third-party risks, conducting due diligence, and monitoring ongoing performance to ensure compliance with regulatory requirements and mitigate potential risks to the organization.Key Responsibilities:Assist in developing and implementing the organization's TPRM framework, policies, and procedures to identify, assess, and manage third-party risks effectively.

Collaborate with cross-functional teams, including procurement, legal, and information security, to ensure that third-party risk management practices align with overall organizational goals and risk appetite.Conduct risk assessments of third-party vendors and suppliers, evaluating their security, operational, financial, and legal risks.Assist in performing due diligence on potential vendors, including reviewing contracts, financial statements, and conducting background checks.Monitor and evaluate the ongoing performance of third-party vendors, including conducting periodic reviews, audits, and assessments to ensure compliance with contractual obligations and regulatory requirements.Identify and escalate potential risks, issues, or non-compliance related to third-party relationships to the TPRM Manager and relevant stakeholders.

Collaborate with vendors and internal stakeholders to address and remediate identified risks or issues.Stay updated on industry trends, regulatory changes, and best practices in TPRM, and provide recommendations for enhancing the organization's TPRM program.Assist in developing and delivering TPRM training and awareness programs for employees to promote a culture of risk awareness and compliance.Contribute to the development of TPRM reporting, including preparing risk assessments, performance reports, and executive summaries.

Qualifications and Requirements:

Bachelor's degree in business, risk management, finance, or a related field. Relevant certifications in risk management or procurement (e.g., CRISC, CTPRP, CSCP) are advantageous.Proven experience in risk management, vendor management, or a related field, preferably with exposure to third-party risk management practices.

Strong understanding of risk management principles, methodologies, and frameworks.Knowledge of regulatory requirements related to third-party risk management, such as GDPR, SOX, or industry-specific regulations.Familiarity with risk assessment techniques, due diligence processes, and risk mitigation strategies.Excellent analytical and problem-solving skills, with attention to detail and the ability to assess complex information and identify potential risks.

Strong interpersonal and communication skills, with the ability to effectively collaborate and communicate with stakeholders at various levels.Proficiency in using risk management tools and software applications.Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines.

Familiarity with procurement processes and vendor management practices is desirable.Knowledge of information security and data privacy principles is a plus.Ability to work independently and as part of a team, demonstrating flexibility and adaptability.Strong ethical conduct and ability to handle sensitive information with confidentiality.