JOB ROLE

Establish and lead end-to-end baseline governance framework for vendor risk assessment program, identify areas of potential exposure, develop and align vendor risk management strategies with organization’s goals and objectives, and execute program-ensuring consistency. Supporting in other areas of Compliance & Governance in-line with the regulatory obligations.

Key Responsibilities

Perform initial and periodic risk assessments, and other necessary reviews, to identify, measure and manage third party information security risks based on organizations standards and risk appetite
Evaluate vendor compliance with regulatory requirements and internal policies
Review contracts, project documentation, technical and functional system design documents, vendor security policies and other vendor security references (i.e. SOC II type 2, SIG, Acceptable Usage Policy, PCI ROC, BitSight, etc.) to determine the extent, type, and scope of risks of the vendor relationship.
Evaluate criticality of outsourced services and ensure appropriate oversight mechanisms are in place




Develop and implement controls to mitigate risks associated with third-party service providers, including contingency planning and exit strategies.
Monitor vendor performance and risk exposure on an ongoing basis
Respond to audit and regulatory inquiries related to third-party risk
Ensure adherence to regulatory guidelines (e.g., RBI IT Outsourcing guidelines, DPDP Act etc.) for outsourced services.
Assess vendor controls across key domains: network security, application security, cloud security, IAM, incident response, and business continuity.
Review vendor SOC reports, penetration test results, and security certifications (e.g., ISO 27001, SOC 2).
Develop audit calendar, related key activities, review of checklists and ensure adherence towards the same.
Valuable knowledge on Data Privacy controls and its implementation.
Communicate to business units and cross-functional teams regarding significant third-part

📌 Senior Manager (Mumbai)
🏢 HDB FINANCIAL SERVICES
📍 Mumbai