Job Purpose:

Ensure effective Third-Party Risk Assessments, Contracts, Quality assurance and reviewing Policies and Procedures.

Key Tasks and Duties:

Third Party Risk Management and Policies and Procedures Responsibilities

Conduct third party risk assessments in alignment with NBO policies and frameworks.
Perform on site assessments of vendors to identify opportunities for improvement.
Provide input and develop policies & frameworks focused on the third-party and business processes.
Develop and maintain supplier risk and control monitoring plans, performing monitor activities and analysis of evidence to determine controls are operating effectively.
Complete monitor and control tasks triggered by supplier Tier and Third-Party Interaction.
Responsible for proper contract review and reconciliation.
Monitor and ensure successful delivery against third party contractual obligations.
Assist in development of, and monitor, SLA's or key performance indicators for third party relationships.
Periodic review of Policies, Procedures and manuals of the Bank.
Periodic follow-ups need to be taken for process/policies are renewed.
Any revision in policy should be reflected in each process.
Develop, implement and embed key process areas to ensure people, approvals, key controls are available.
Policies and Procedures should have ability to look into details of each process and map it to policy. Working Environment.

Qualifications:

Bachelor Degree in Business Administration.

Experience:

Minimum 8 years of experience developing and maintaining vendor risk management programs.
Solid understanding of information technology and security solutions.
Monitor and ensure successful delivery against third party contractual obligations.
Assist in development of, and monitor, SLA's or key performance indicators for third party relationships.
Ability to use various process management tools such as Microsoft office, automated tools.
Experience in Banking operations and controls.
Experience in reviewing Third Party Risk Assessments and contracts.

National Bank of Oman jobs