Third Party Technology Risk Management

Job description

**Job Title:** Third Party Technology Risk Management Analyst/ Consultant **Department** : Third Party Technology Risk Management Analyst/ Consultant **About Business line/Function:** ITTF IRM is a unique community of Transversal, Finance and RISK Projects & Systems along with their related IT teams. ITTF comes under ITG CDF. **Position Purpose:** The BNP Paribas Fortis Governance, Risk and Compliance team supports IT and Business Units to develop adequate solutions on operational IT and Cyber risk management practices, with specific focus on Information Security. **Their Main Missions Are:** - Identify operational IT and Cyber risks on assets/applications, projects and 3rd-parties. - Advice, consult, monitor and report on risk treatment in order to reduce the overall risk exposure of IT and Business at an optimized cost. - Elaborate and manage the implementation of a flexible strategy to reduce IT and Cyber risks in accordance with the IT and Information Security policies of BNP Paribas Group. ****Responsibilities**** Direct Responsibilities - Instruct the 5 European Bank Authority ICT risks categories and to follow them throughout TPTRM assessments - Perform third-party technology risk assessments to help beneficiaries/contract owners identify and evaluate complex business and technology risks related to their third parties, and provide recommendations for managing those risks - Provide periodic status updates including potential risks and delays to the project delivery to beneficiary project manager, conduct workshops wherever necessary. - Assist in the selection and tailoring of third-party technology risk management approaches, methods and tools to support delivery of third-party cyber risk assessment services. - Review thoroughly Asset classifications and pre-existing asset related risks & control responses ensuring sync with TPTRM assessments responses - Identify key actors for decision making according to flagged risk families - Apply group key procedures, templates, to carry out risk’s activities - Ensure to highlight key factors using Risk Assessment Form that will help SMEs in decision making - Demonstrate knowledge in one or more of the following cyber risk domains, including: Security Governance and Management, Security Policies and Procedures, Application Security Controls, Access Controls, Network Security Operations, Security Architectures, Identity Management, Disaster Recovery & Business Continuity, Incident Response, Risk Management, Privacy and Data Protection, Encryption. Contributing Responsibilities - As part of its defined missions, the TPTRM Analyst/Consultant is responsible for executing - or supporting the execution of TPTRM Assessments involving - IT operational risks identification, assessment, documentation, treatment, monitoring and closing - Document TPTRM risks, assess inherent and residual risks in the activity - Analyze the root cause and the business impact - Work towards mitigation plan and risk acceptance - Provide support to beneficiary/contract owner to implement residual actions - Report to P&P/ Project Manager about key TPTRM risks information, warning, or alert - Contribute to various exercises and reviews on controlling and assessing TPTRM risks - As a TPTRM Analyst/ Consultant review if all the mandatory prior assessments are properly completed if not take necessary actions towards compliance - Define and document a methodology, use group’s tool to manage and document assessments and outcomes - Facilitate the business/sponsor/beneficiary/SME decision-making with deep analysis based on relevant flagged risk families - Provide support to provider teams/ contract owners and coordinate/ assist to ensure proper assessments are made. - Manage TPTRM inventory with follow-up tracker management - Monitor the process with specific and group standard indicators to steer the activity - As an IRM team member this includes all or part of the following activities: - Execute as Second Line of Defense: Oversight of risk management and compliance, providing support and guidelines to operational teams. - Contribute to process improvement, upkeep with new policies, regulations, standards & guidelines - Contribute to IRM IT risk awareness actions Technical & Behavioral Competencies ****Functional Skills**** - Experience in IT Risk and Cyber Security domains in a financial institution demonstrating a high level of commitment and self-motivation. - Experience in the Finance & IT industry with a strong exposure to IT Operations, Application Security, and/or network administration, IPS - Strong demonstrated knowledge of Risk & Compliance, cybersecurity, cyber risk, cyber threats, Third Party Technology Risk Management/ Vendor assessments - Risk knowledge and awareness of risks combined with enthusiasm and a genuine interest in the role of Risk Assessment, Third Party Technology Risk Assessment, Risk Analysis in business and providing Risk Opinion as a subject matter expert. - Working knowledge of global regulations, frameworks and standards(ISO, NIST, COBIT, PCI-DSS, HIPAA) and conversant in the tactics, techniques and procedures used by Risk adversaries. - Demonstrates a calm professional approach, with a good understanding of delivery within time constraints and the need to escalate/inform departmental management as appropriate. - IT knowledge **Technical** **Skills** - Good understanding of organizations and IT Businesses - Good technical understanding of infrastructures and IT Security Productions and Systems - Experience in vulnerability management and penetration testing - IT risk /Third Party risk analysis and management methods and should have worked on Risk management Tools like RSA Archer, Metric stream, ServiceNow etc - Knowledge of Cyber Resilience, IT continuity and business continuity - GRC - Governance, Risk Management and Compliance Management. - Firewall and Internet technologies; Cloud Security, Bank