Deputy Vice President - Vendor Risk & Performance Monitoring

Role Purpose

Successful implementation of vendor risk management framework. Zero defects in Audit results and consistent process improvement.

Role Accountability

1. Ensure effective implementation of Vendor Risk Management Policy and Vendor Risk Management Framework in the organization.
2. Organize Vendor Risk Management Committee (VRMC) meetings with ERM Leader to present vendor risk, vendor performance issues or any exceptions to VRM policy or framework.
3. Liaise with other stakeholders to ensure all risk assessments are timely completed. Track status and escalate potential threats to ERM Leader, CRO and VRMC.
4. Maintain documentation (e.g., VRM policy, standards, guidelines procedures etc.) to ensure they are current and in line with the regulatory guidelines (if applicable) and company’s objectives.
5. Oversee vendor due diligence and ongoing risk monitoring performed by VRM team.
6. Review final vendor risk assessment rating for accuracy and completeness for all vendors.
7. Identify process improvement opportunities to improve operational efficiency while ensuring ongoing compliance to VRM framework.
8. Foster vendor risk management awareness culture within the team and stakeholders.
9. Ensure vendor performance is timely reviewed and submitted by Function. Highlight non-compliance to ERM Leader/ CRO/ VRMC.
10. Ensure timely and accurately reporting is done to Board as per regulatory requirements.

Measures of Success

1. Ensuing timely completion of risk assessments within timelines
2. Ensuring smooth completion of risk assessment with co-ordination from all relevant functions
3. Reporting of Outsourcing Related compliances to the RMCB on a bi-annual basis.
4. Maintaining exceptions to risk assessment and tracking exclusions for timely completion of risk assessments within approved extensions
5. Accuracy in risk profiling of vendors and their reporting to the risk committees
6. VRM Framework awareness and training to users

Technical Skills / Experience / Certifications

1. Post-Graduate
2. 5-7 years of banking experience (Preferably due diligence, risk assessment)

Competencies critical to the role

1. Sound understanding of risk management practices.
2. Ability to identify risks in the process / activity, come up with recommendations.
3. Stakeholder management skills

Qualification

1. Post Graduation
2. Credit Card Industry Experience
3. Strong risk assessment capabilities