Senior Third Party Risk Management Specialist

1 day ago


Muscat, Muscat, Oman Petroluem Development Oman Full time
Ethics & Compliance Third Party Risk Management Lead

Job Overview:

Petroleum Development Oman (PDO) is seeking a highly skilled Third-Party Risk Management Lead to oversee and manage the organization's third-party risk management program. The successful candidate will be responsible for evaluating and mitigating risks associated with any third-party engagements, ensuring compliance with regulatory requirements, and safeguarding the organization's assets and reputation.

Main Responsibilities:

  1. Program Development and Implementation:
  • Develop and implement a comprehensive third-party risk management framework, policies, and procedures.
  • Establish risk assessment methodologies and criteria for evaluating third-party vendors.
  • Ensure the TPRM program aligns with the organization's risk appetite and regulatory requirements.
Risk Assessment and Mitigation:
  • Conduct thorough risk assessments of third-party vendors, including due diligence and ongoing monitoring.
  • Identify potential risks (e.g., operational, financial, reputational, compliance) and develop mitigation strategies.
  • Collaborate with internal stakeholders to ensure risk mitigation measures are implemented effectively.
  • Oversee the due diligence process for onboarding new third parties.
  • Ensure all third parties comply with PDO Code of Conduct, policies, ethical standards, and regulatory requirements.
  • Conduct periodic reviews and audits of third-party performance and risk exposure.
Regulatory Compliance:
  • Stay updated on relevant regulatory requirements and industry best practices related to third-party risk management.
  • Ensure the organization complies with applicable laws, regulations, and standards.
  • Prepare and present reports on third-party risk management activities to senior management and regulatory bodies.
Training and Awareness:
  • Develop and deliver training programs to educate internal stakeholders on third-party risk management policies and procedures.
  • Promote awareness of third-party risk management across the organization.


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