Vice President – Finance Third Party Risk Management
On-siteMumbai, Maharashtra, India
Job Summary
Lead and oversee risk assessments for complex third-party and intragroup arrangements across the lifecycle, managing a portfolio of higher-risk suppliers including onboarding, periodic reviews, and material change assessments. Apply and support the ongoing development of the Finance third-party risk framework in line with Group policy and regulatory expectations, while providing clear, commercially balanced risk advice to senior Finance stakeholders. Represent Finance in relevant governance forums, produce management information and reporting, and support incidents, reviews, and remediation activity with clearly documented decisions. Provide leadership, quality oversight, and guidance to analysts within the TPRM capability, mentoring and training the team to ensure motivation and commitment. Establish and maintain third-party risk management standards and key controls, conducting regular assessments and audits to identify compliance gaps. Collaborate with business units to establish strong vendor relationships, oversee performance monitoring, and stay up-to-date with regulatory changes to ensure full organizational compliance.
Required Qualifications
- Lead and oversee risk assessments for complex, material or critical third‐party and intragroup arrangements across the lifecycle
- Own a portfolio of higher‐risk suppliers, including onboarding, periodic reviews and material change assessments
- Apply and support the ongoing development of the Finance third‐party risk framework in line with Group policy and regulatory expectations
- Provide clear, commercially balanced risk advice to senior Finance stakeholders and business owners
- Represent Finance in relevant third‐party risk and outsourcing governance forums
- Produce proportionate management information and reporting, escalating material risks and issues as appropriate
- Support third‐party incidents, reviews and remediation activity, ensuring decisions are clearly documented
- Provide leadership, quality oversight and guidance to analysts within the TPRM capability
- Serve as a trusted SME in third-party risk management, providing expert guidance and support to various finance departments in the selection, onboarding and management of third-party relationships
- Work closely with the commercial function to align third-party risk management practices with business goals and objectives
- Ensure that third-party contracts and agreements reflect appropriate risk considerations
- Contribute to the overall strategic and operational management of Third party risks
- Lead and oversee the management of teams of SMEs, including strategic guidance and performance management
- Develop the team's capabilities through appropriate levels of mentoring and training
- Attract and retain talent and expertise
- Effectively manage a team of people
- Ensuring motivation and commitment of the team at all times
- Establish and maintain third-party risk management standards & key controls that enable effective risk mitigation
- Implement robust processes for assessing and monitoring third-party risk controls and performance
- Monitor and enforce compliance with third-party risk policies and standards across the organization
- Conduct regular assessments and audits to identify and address compliance gaps
- Collaborate with business units to establish and nurture strong relationships with key third-party vendors
- Oversee ongoing vendor performance monitoring and risk assessments
- Stay up-to-date with regulatory changes and industry trends pertaining to third-party risk management
- Ensure that the organization's policies and practices remain fully compliant with relevant regulations
- Lead maintenance and oversight of the associated policy, standards and standard operating procedures (SOPs) throughout programme implementation and on an ongoing basis
- Lead the maturing of the governance framework to enable data-driven insights and oversight of Third Party Risk to senior management and other key stakeholders
- Deliver strategic projects and ad-hoc tasks to support both change and run of a maturing TPRMO framework
- Facilitate any required TPRMO controls testing, assurance and / or audit examination requirements
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