Vice President – Finance Third Party Risk Management

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

• Lead and oversee risk assessments for complex, material or critical third‑party and intragroup arrangements across the lifecycle.
• Own a portfolio of higher‑risk suppliers, including onboarding, periodic reviews and material change assessments.
• Apply and support the ongoing development of the Finance third‑party risk framework in line with Group policy and regulatory expectations.
• Provide clear, commercially balanced risk advice to senior Finance stakeholders and business owners.
• Represent Finance in relevant third‑party risk and outsourcing governance forums.
• Produce proportionate management information and reporting, escalating material risks and issues as appropriate.
• Support third‑party incidents, reviews and remediation activity, ensuring decisions are clearly documented.
• Provide leadership, quality oversight and guidance to analysts within the TPRM capability.

Accountabilities/Responsibilities

Commercial Function Collaboration:

• Serve as a trusted SME in third-party risk management, providing expert guidance and 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.

Leadership:

• As a member of the First line GRC Team, contribute to the overall strategic and operational management of Third party risks.
• Lead and oversee the management of teams of SMEs, including strategic guidance and performance management.
• Develop the team’s capabilities through appropriate levels of mentoring and training.
• Attract and retain talent and expertise.
• Effectively manage a team of people. Ensuring motivation and commitment of the team at all times.

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

• Lead maintenance and oversight of the associated policy, standards and standard operating procedures (SOPs) throughout programme implementation and on an ongoing basis.
• Lead the maturing of the governance framework to enable data-driven insights and oversight of Third Party Risk to senior management and other key stakeholders.
• Deliver 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.