Senior Analyst - Third Party Risk Management

What You’ll Be Doing:

• Support the offshoreThird Party Risk Assessment team in completing vendor risk assessments and due diligence activities.
• Oversee vendor riskclassification to ensure vendors are categorized according to their risk exposure and business impact.
• Ensure compliance with regulatory requirements, vendor governance policies and RAKBANK’s risk framework.
• Maintain the vendorrisk register and ensure risks, mitigation actions and required approvals are properly documented and tracked.
• Prepare vendor riskreports, dashboards,management metrics and due diligence profiles.
• Act as anescalation point for complex vendor risk issues, vendor non-compliance, overdue assessments and open observations.
• Coordinate with businessunits, TPRM, Procurement, onshore teams and vendors to resolve issues and remove roadblocks.
• Support procurement contract risk management in line with relevant outsourcing requirements and compliance provisions.
• Drive improvements across vendor due diligence, risk monitoring, contract risk management and reporting processes.
• Support training and awareness activities relating to vendor management policies, regulatory requirements and best practices.  

What We’re Looking For:

• Bachelor’s or Master’sdegree in Risk Management, Business Administration, Finance, Information Security or a related field.
• At least fiveyears of relevant experience in banking or financial services, with a focus on Vendor Management, Operational Risk Management, Third Party Risk Management or vendor governance within Procurement.
• At least twoyears of experience in a supervisory role.
• Strong knowledge of vendor management practices, regulatory requirements and outsourcing regulations.
• Experience managing vendor risk classifications, risk registers, due diligence assessments and open observations.
• Strong analytical and problem-solving abilities, with the ability to follow established policies and procedures.
• CIPS certification is preferred.
• Strong English communication skills. 

Skills:

• Third Party RiskManagement and vendor governance
• Vendor due diligenceand risk assessment methodologies
• Regulatory compliance and outsourcing requirements
• UAE Central Bank outsourcing and third-party risk requirements
• Vendor risk classificationand risk register management
• Risk reporting, dashboards and metrics preparation
• Procurement contract risk management
• Data analysis and report interpretation
• Stakeholder management and communication
• Analytical thinking and structured problem-solving
• Attention to detailand a strong risk mindset
• Vendor issue resolutionand escalation management
• Collaboration across onshoreand offshore teams
• Integrity, accountability and continuous improvement 

• Manage transactions with customers using cash registers
• Scan goods and ensure pricing is accurate
• Collect payments whether in cash or credit
• Issue receipts, refunds, change or tickets
• Redeem stamps and coupons
• Cross-sell products and introduce new ones
• Resolve customer complaints, guide them and provide relevant information
• Greet customers when entering or leaving the store
• Maintain clean and tidy checkout areas
• Track transactions on balance sheets and report any discrepancies
• Bag, box or gift-wrap packages