Third Party Risk Manager Lead

1 day ago


Muscat, Muscat, Oman Petroluem Development Oman Full time
Third Party Risk Manager Lead Position

Petroleum Development Oman is seeking a seasoned Third Party Risk Manager Lead to drive its third-party risk management program. This role involves overseeing the evaluation and mitigation of risks associated with third-party engagements, ensuring compliance with regulatory requirements, and protecting the organization's assets and reputation.

The Successful Candidate:

  • Will have a strong understanding of risk management principles, regulatory requirements, and industry best practices.
  • Will possess excellent analytical, problem-solving, and decision-making skills.
  • Will have experience in third-party risk management, vendor management, or a related field, preferably in the Oil and Gas sector.

Main Responsibilities:

  1. TPRM Program Development:
  • 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.
Compliance and Regulatory Affairs:
  • 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.


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