Key Responsibilities
Drive risk-based onboarding of vendors, ensuring completion of due diligence, risk scorecards, and mandatory approvals
Evaluate materiality & criticality of vendors and align approvals as per risk classification
Ensure no vendor engagement without ORM/IRM approval and compliance to outsourcing framework
Monitor ongoing vendor risk through periodic/annual due diligence and performance reviews
Oversee contract & SLA governance to mitigate operational and compliance risks
Manage change requests, renewals, and scope changes with updated risk assessments
Govern vendor offboarding, including risk containment (access revocation, data security, etc.)
Support audit, regulatory inspections, and compliance reviews
Key Responsibilities
Drive risk-based onboarding of vendors, ensuring completion of due diligence, risk scorecards, and mandatory approvals
Evaluate materiality & criticality of vendors and align approvals as per risk classification
Ensure no vendor engagement without ORM/IRM approval and compliance to outsourcing framework
Monitor ongoing vendor risk through periodic/annual due diligence and performance reviews
Oversee contract & SLA governance to mitigate operational and compliance risks
Manage change requests, renewals, and scope changes with updated risk assessments
Govern vendor offboarding, including risk containment (access revocation, data security, etc.)
Support audit, regulatory inspections, and compliance reviews
Eligibility
5–10 years of experience in Operational Risk / Vendor Risk / Compliance / Vendor Management
Strong understanding of outsourcing risk, regulatory frameworks, and third-party risk management
Prior exposure to BFSI environment preferred
About Kotak Mahindra Group:
Established in 1985, the Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited.
The consolidated balance sheet of Kotak Mahindra Group is over 1 lakh crore and the consolidated net worth of the Group stands at 13,943 crore (approx US$ 2.6 billion) as on September 30, 2012.
The Group offers a wide range of financial services that encompass every sphere of life. From commercial banking, to stock broking, mutual funds, life insurance and investment banking, the Group caters to the diverse financial needs of individuals and the corporate sector. The Group has a wide distribution network through branches and franchisees across India, and international offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius and Singapore. For more information, please visit the company’s website at https://www.kotak.bank.in/en/home.html
