AVP Finance Third Party Risk Management

M&G India; Mumbai; On-site; INR 1,800,000 - 3,200,000; Full time

Job summary

M&G India is seeking a skilled professional to manage third-party risk, conduct risk assessments, and oversee vendor relationships in a dynamic financial services environment. You will work closely with Finance, Legal, Compliance, and Information Security to ensure robust risk controls and reporting.

The role involves collaboration with Commercial teams to align risk practices with business goals, plus ongoing monitoring of regulatory changes to ensure compliant operations.

Qualifications

• Experience in third-party risk management and risk controls.
• Demonstrated ability to coordinate due diligence and risk assessment outputs.
• Proven track record in risk reporting to Finance and governance forums.

Responsibilities

• Support risk assessments for third-party and intragroup arrangements using established methodologies.
• Coordinate and review due diligence outputs to support risk acceptance and issue identification.
• Operate third-party risk controls, service inventories, reviews, and assurance tracking.
• Monitor supplier performance and risk indicators, escalate material issues.
• Maintain records in TPRM systems with high data quality and audit trail.
• Produce management information and reporting for Finance stakeholders and governance forums.
• Support third-party incidents and remediation activities as required.
• Collaborate with Procurement, Legal, Compliance, Information Security and other owners to support risk management.

Skills

Third-Party Risk

Risk Assessment

Vendor Management

Regulatory Awareness

Stakeholder Collaboration

Job description

Job Description:

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Primary Key Responsibilities

• Support inherent and residual risk assessments for third‑party and intragroup arrangements using established TPRM methodologies.
• Coordinate, review and maintain due diligence and assessment outputs to support risk acceptance and issue identification.
• Operate key third‑party risk controls, including service inventories, reviews, exit planning and assurance tracking.
• Monitor supplier performance and risk indicators, escalating material issues and policy exceptions.
• Maintain accurate records within TPRM systems, ensuring strong data quality and audit trail.
• Produce proportionate management information and reporting for Finance stakeholders and governance forums.
• Support third‑party incidents, remediation activity and deep‑dive reviews where required.
• Work collaboratively with Procurement, Legal, Compliance, Information Security and other business owners to support effective risk management.

Accountabilities/Responsibilities

Commercial Function Collaboration:

• Serve as a trusted SME in third-party risk management, providing support to various finance departments in the selection, onboarding and management of third-party relationships.
• Work closely with the commercial function to align third-party risk management practices with business goals and objectives.
• Ensure that third-party contracts and agreements reflect appropriate risk considerations.

Risk Reporting Enhancement:

• Prepare and present regular risk reports and dashboards.

Policy Compliance Oversight:

• Establish and maintain third-party risk management standards & key controls that enable effective risk mitigation and implement robust processes for assessing and monitoring third-party risk controls and performance.
• Monitor and enforce compliance with third-party risk policies and standards across the organization.
• Conduct regular assessments and audits to identify and address compliance gaps.

Vendor Relationship Management:

• Collaborate with business units to establish and nurture strong relationships with key third-party vendors.
• Oversee ongoing vendor performance monitoring and risk assessments.

Regulatory Awareness:

• Stay up-to-date with regulatory changes and industry trends pertaining to third-party risk management.
• Ensure that the organization's policies and practices remain fully compliant with relevant regulations.

Third Party Risk Management

• Support strategic projects and ad-hoc tasks to support both change and run of a maturing TPRMO framework.
• Facilitate any required TPRMO controls testing, assurance and / or audit examination requirements.

We have a diverse workforce and an inclusive culture at M&G Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.

Requirements: