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- Conduct comprehensive risk assessments of third-party vendors, including evaluating their information security practices, operational capabilities, and compliance with legal and regulatory requirements
- Perform due diligence on prospective and existing vendors, ensuring they meet the organization's standards for security, privacy, and business continuity.
- Continuously monitor third-party risk exposure and create regular reports on the risk status of vendors. Identify and escalate potential issues to management.
- Review and manage vendor contracts, ensuring that appropriate risk management clauses and service-level agreements (SLAs) are in place.
- Collaborate with internal stakeholders and vendors to develop and implement risk mitigation strategies. Recommend corrective actions or improvement plans for third-party vendors with identified risks
- Assist in the development and maintenance of third-party risk management policies, procedures, and frameworks in alignment with industry best practices and regulatory requirements.
- Work closely with internal teams (e.g., Legal, Procurement, Compliance, IT Security) to ensure a unified approach to third-party risk management
- Ensure compliance with relevant regulations, standards, and guidelines (e.g., GDPR, ISO 27001, NIST, PCI-DSS) related to third-party risk management.
- Conduct periodic vendor audits to verify compliance with contractual obligations and organizational policies
- Assist in the investigation and resolution of third-party risk incidents, including data breaches or service disruptions.
Key Skills
Ranked by relevance
security practices
gdpr
nist
dss
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- Posted
- May 19, 2025
- Type
- Contract
- Level
- Mid-Senior
- Location
- Mumbai
- Company
- Crisil
Industries
Financial Services
Categories
Information Technology
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