Principal - Technology Risk Analyst Job in Pune at Mastercard

Mastercard is hiring for the role of Principal - Technology Risk Analyst!

Responsibilities of the Candidate:

• Vendor Due Diligence: Conduct thorough due diligence on potential vendors and service providers to assess their capabilities, financial stability, and compliance with relevant regulations.
• Ensure that all vendor engagements align with the organization's risk appetite and strategic objectives.
• Contract Negotiation and Management: Collaborate with legal and sourcing/procurement teams to negotiate robust contracts that include clear expectations, service level agreements, performance metrics, data protection measures, and regulatory and termination clauses. Continuously manage and monitor vendor contracts to ensure ongoing compliance.
• Regulatory Compliance: Stay abreast of all applicable financial regulations, directives, and guidelines issued by the regulatory authorities (e.g., Monetary Authority of Singapore, European Banking Authority, RBI, NYDFS, etc.). Ensure that outsourcing activities comply with these requirements and that any changes are promptly incorporated into the outsourcing framework.
• Risk Assessment: Perform comprehensive risk assessments on outsourced activities to identify and mitigate potential risks. Develop risk management strategies to protect the organization's interests and minimize potential disruptions.
• Performance Monitoring: Establish key performance indicators (KPIs) and service level agreements (SLAs) with vendors. Regularly monitor and evaluate vendor performance against these metrics to ensure adherence to contractual obligations.

Requirements:

• Proven experience in IT GRC, outsourcing, vendor management, or procurement within a regulated financial services environment (e.g., banking, insurance)
• In-depth knowledge of vendor management/outsourcing regulations and guidelines specifically around Technology, issued by relevant regulatory authorities (MAS, RBI, EBA, NYDFS)
• Strong understanding of risk management principles and practices in the context of IT outsourcing
• Excellent communication, negotiation, and interpersonal skills to manage relationships with vendors and internal stakeholders effectively
• Analytical and problem-solving abilities to assess risks, make informed decisions, and develop mitigation strategies
• Detail-oriented with a focus on maintaining accurate records and documentation
• Ability to work collaboratively in a cross-functional environment
• Proficiency in using relevant software tools for vendor management, compliance tracking, and reporting
• Experience delivering presentations and engaging with senior leadership