Senior Analyst - Third Party Risk Management

As a Third-Party Risk Management Analyst, you will play a key role in safeguarding RAKBANK by strengthening the oversight and governance of third-party relationships. The role is responsible for supporting offshore Third-Party Risk Assessments, ensuring comprehensive vendor due diligence, risk evaluation, compliance monitoring, and adherence to the Bank’s Third-Party Risk Management framework. You will collaborate with internal stakeholders and vendors to identify, assess, and mitigate risks, manage escalations, maintain risk registers, and provide insightful reporting to support informed decision-making. 

The position also contributes to regulatory compliance, contract risk management, and the continuous enhancement of vendor governance practices, helping to build a resilient and effective third-party risk ecosystem across the Bank.

What You’ll Be Doing:

• Support and oversee the offshore Third-Party Risk Assessment team in conducting vendor risk assessments and due diligence activities.
• Ensure accurate vendor risk classification and assessment of vendor criticality, risk exposure, and business impact.
• Monitor compliance with regulatory requirements, internal policies, and RAKBANK’s Third-Party Risk Management framework.
• Maintain and monitor the vendor risk register, ensuring timely tracking and mitigation of identified risks.
• Prepare and present risk reports, dashboards, management information, and due diligence summaries for stakeholders and senior management.
• Act as the escalation point for complex vendor risk issues, non-compliance, and overdue risk assessment activities.
• Partner with business units, Procurement, TPRM teams, and vendors to resolve issues and strengthen vendor governance.
• Drive continuous improvements in vendor due diligence, risk monitoring, contract risk management, and reporting processes.
• Support awareness initiatives and provide guidance on vendor management policies, procedures, and best practices.

What We’re Looking For:

• 5+ years’ experience in banking or financial services, with focus on Vendor Management, Operational Risk Management, Third Party Risk Management or vendor governance within Procurement.
• At least 2 years in a supervisory role.
• Bachelor’s or master’s degree in risk management, Business Administration, Finance, Information Security or a related field, CIPS Certification
• Knowledge of vendor management best practices and regulatory requirements.
• Analytical and problem-solving abilities with ability to follow policies and procedures.

Whats In It For You:

• Competitive, performance-linked compensation.
• Medical coverage for you and your family.
• Comprehensive life insurance.
• Opportunity to build a rewarding career within Credit Risk and Banking Operations.
• Exposure to a broad range of Business Banking credit products.
• A collaborative and performance-driven work environment focused on continuous development.