Role & responsibilities :

- Strengthen the Outsourcing Policy and TPRM Frameworks across the Bank.
- Perform regulatory gap assessments against RBI guidelines, Master Directions and other applicable regulatory requirements.
- Drive implementation of regulatory changes and monitor compliance across business
- Support regulatory inspections, supervisory reviews and internal audits relating to outsourcing and third-party risk.
- Conduct half-yearly reviews of material outsourcing arrangements to assess compliance with regulatory and internal policy requirements.
- Evaluate the adequacy of risk assessments, monitoring mechanisms and control environment maintained by business owners.
- Identify gaps, control weaknesses and emerging risks, and recommend appropriate corrective actions and risk mitigants.
- Monitor closure of observations and action plans arising from reviews.
- Provide independent risk oversight over onboarding, renewal, periodic review and off- boarding processes executed by the First Line.
- Assess adherence to policy requirements and approved risk management standards across the vendor lifecycle.
- Review exceptions, risk acceptance requests and control deviations, and provide independent risk views.
- Assess effectiveness of controls and recommend enhancements to mitigate residual risks.
- Prepare dashboards and analytical insights for senior management.
- Lead preparation of Bi-annual Annual Board Notes on material outsourcing.
- Present key risk themes, issues and remediation status to governance forums.




- Conduct thematic reviews across outsourcing portfolios to identify systemic issues,control deficiencies and risk concentrations.
- Analyse outsourcing inventory, critical service dependencies and material service provider exposures.
- Lead and support automation and risk transformation initiatives within the Third-Party Risk Management function.
- Enhance monitoring methodologies, reporting capabilities and governance workflows through technology-enabled solutions.
- Drive continuous improvement of risk assessment and oversight processes.

Preferred candidate profile

- 8-10 years of experience in Operational Risk, Third Party Risk, Outsourcing Risk, Internal Audit, Compliance or Enterprise Risk Management within Banking/Financial Services.
- Solid understanding of RBI Master Direction on Outsourcing of IT and Non-IT Services, Third Party Risk Management and Operational Risk Frameworks.
- Experience in conducting thematic reviews, regulatory gap assessments and preparation of Board and senior management reports.
- Proficiency in leveraging AI-enabled tools for productivity, analysis, reporting and process automation shall be preferred
- Advanced knowledge of Excel, Power BI and data visualisation techniques would be an added advantage.
- Risk Analytics and Dashboarding
- Regulatory Compliance & RBI Governance Frameworks
- Policy and Framework Development and Control Design
- Board, Committee & Senior Management Reporting
- Strategic Stakeholder Management & Influencing
- Executive Communication & Presentation Skills
- Analytical Thinking with Strong Attention to Detail

📌 Third Party Risk Management (Navi Mumbai)
🏢 SKILLVENTORY
📍 Navi Mumbai