
Senior Third Party Risk Management Specialist
1 day ago
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:
- 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.
- 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.
- 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.
- 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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