Assistant Manager Technology & Third party Risk RAKBANK

RAKBANK is presently hiring suitably qualified and experienced candidate for the job role of Assistant Manager Technology and Third party Risk. This vacancy has been recently been announced by hotel & is open for applications.

Duties of Assistant Manager Technology & Third party Risk

• Assist in implementing frameworks related to IT Risk Management (ITRM) and Third Party Risk Management (TPRM) adopted by the Bank and its subsidiaries (Group).
• Identify technology and third-party risks, providing independent oversight and credible challenges to the 1st line of defense running technology, outsourcing, and procurement processes.
• Implement the Group Technology Risk Management Framework and the Group Third Party Risk Management Framework.
• Assist in recommending group-wide risk appetite for technology and third-party risk indicators to ensure alignment with the Group’s strategy and objectives.
• Review and monitor the design and operational effectiveness of controls and processes related to technology and third-party arrangements.
• Recommend robust controls and monitor their implementation.
• Perform technology risk assessments of: existing IT systems, major IT changes, processes  new system implementations / upgrades and conduct risk assessments of current third-party arrangements, processes, and controls from a perspective of the 2nd line of defense.
• Recommend appropriate risk mitigation measures to close gaps identified during: risk assessments, audits, and regulatory reviews. Monitor progress in closing identified gaps.
• Support reviews of technology and third-party related incidents and near misses by providing specialist review of root causes
• Propose action plans to prevent reoccurrence.
• Gather and analyze industry, sector and Group specific data for purpose of monitoring and assessing technology and third party risks.
• Propose enhancements to technology and third-party risk management processes, including strategy, policy, procedures, and metrics.
• Monitor industry-leading practices for technology & third party risk management to suggest improvements to Group ITRM and TPRM frameworks.

Requirements of Assistant Manager Technology & Third party Risk

The requirements of Assistant Manager Technology and Third party Risk are as under:

• Bachelors in Computer Science or similar with relevant industry certifications.
• Minimum 6 years of progressive experience in technology risk, third party risk, IT audits, and/or third party risk reviews, preferably in banking or financial services.
• Experience in IT risk management, third-party risk management, IT audits, or third-party risk audits.
• Certifications: CRISC, CISA, CISM (desired).

Skills and Knowledge Desired

• Excellent interpersonal and communication skills, both verbal and written.
• Strong presentation skills and the ability to communicate ideas effectively and professionally.
• Proficiency in IT risk assessment frameworks and standards (e.g. COBIT, NIST, ISO27001).
• Good understanding of systems development lifecycle, business continuity planning, IT disaster recovery, information security principles, third-party vendor management and IT general controls.
• Knowledge of third party risk management processes, controls and practices.

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