Sonam B.

I am an accomplished risk management professional with extensive experience managing Third Party risk management (TPRM) from onboarding to offboarding of all vendors, Vendor risk management covering Cyber Security, Data Privacy and Information security, Risk management, Risk assessment, Designing TPRM framework, Third Party, Risk Assurance, Contract Review/Due Diligence, Procurement Governance/Assurance Review, Project Management, Stakeholder management, My expertise spans across designing and implementing comprehensive TPRM frameworks, overseeing risk assessments, and managing vendor-related activities. Core Competencies: a) Third-Party Risk Management (TPRM): I lead and oversee the entire risk assessment and due diligence process for third-party vendors. This includes managing the onboarding processes and checklists to ensure thorough risk evaluations. I design and implement detailed TPRM project plans, outlining tasks, timelines, and milestones to ensure effective risk management. b) Vendor and Contract Management: My role involves handling contract management processes for hardware and software, including new contracts, amendments, and renewals. I coordinate with external vendors, internal stakeholders, and legal teams to ensure timely contract execution and issue resolution. c) Stakeholder Engagement: I engage with key stakeholders from various departments and external vendors to ensure smooth communication and collaboration throughout the risk management process. I manage expectations and provide direction on risk assessments and non-compliance issues. d) Risk Assessment and Audits: I conduct comprehensive risk assessments and audits focusing on people, processes, and technology. My work includes identifying gaps, risks, and opportunities for improvement, and providing recommendations for enhancing policies and standards. e) Reporting and Process Improvement: I create regular reports on the status of third-party assessments, highlighting roadblocks and key issues to management and stakeholders. I have successfully implemented process improvements, such as transitioning quarterly scorecard activities from manual processes to Google Forms to minimize errors and enhance efficiency. f) Team Leadership and Development: I lead and develop teams of TPRM specialists and consultants, providing knowledge sharing, training, and motivation. I manage projects, stakeholder presentations, and client relationships to drive successful outcomes.