Vice President Governance Risk & Compliance Lead

Role Purpose: Responsible for ensuring appropriate information security governance within the internal and third party-controlled environments. The role is also responsible for supporting the enterprise control environment by ensuring compliance to Policies, procedures and other related documents are defined and updated , assuring Risks are identified and managed, applicable Controls are tested as per defined framework, Exceptions are recorded & remediated on-time, Control Data is analyzed and used for continuous improvement and optimization. InfoSec being a governance function for Risk Management, GRC lead is expected to manage First Party, Second Party and Third Party risk management activities & Internal/external audits per defined framework in accordance to regulatory requirement, under direction of CISO & ERM

Role Accountability

1. Develop GRC operating model and enterprise-wide security policies and operationalize various GRC capability areas such as enterprise security risk management, compliance management, policy management, security awareness training, third party risk management, and metrics and reporting
2. Develop measures and metrics to evaluate the information security programs / Information Security Exception Management/ standards including ISO 27001, PCI-DSS, NIST CSF, COBIT etc. and modifies strategies as appropriate
3. Lead the operationalization of security compliance programs to support various compliance regulations
4. Perform risk assessments that address security threats, changes to systems and/or applications, process improvement initiatives, supplier assessments (including downstream outsourcers) and other requests from the business
5. Maintain accurate reporting of remediation activities to bring appropriate visibility to stakeholders
6. Monitor the security risk profiles of suppliers/ third party vendors to objectively determine high risk suppliers that require additional review
7. Respond to customer security/compliance questionnaires
8. Ensure policies, procedures, standards, and system configurations are documented, formally approved, published (including periodic reviews and updates) and communicated to all SBIC stakeholders
9. Monitor the legal and regulatory environment for recent developments
10. Provide Information Security Policy awareness training to SBIC employees, contractors and senior management team members, security operations team
11. Oversees the planning, execution, and management of programs and projects related to compliance, control assurance, risk management, security, and infrastructure/information asset protection
12. Work with third-party auditors to facilitate audits & compliance assessments
13. Manage Information Security related risk for all the Vendor and Third Parties as part of the Vendor Risk Management
14. Support audits and assessments conducted by both Internal stakeholders (Internal Audit, Compliance, Risk etc.) and external auditors (Regulator)
15. Oversee process documentation and compliance adherence

Measures of Success

1. Timely and accurate Vendor Risk identification, remediation and closure
2. Timely updation of infosec/cyber security policies in line with regulatory requirements
3. Timely implementation of Agile security compliance programs
4. Timely and accurate reporting of security, risk and compliance metrics for operational & executive management
5. Increase in maturity of Information Security Matrix
6. Timely identification, remediation & closure of gaps to stay compliant with regulatory requirements
7. No adverse observations in internal/external audits
8. Process Adherence as per MOU

Technical Skills / Experience / Certifications

1. Functional knowledge of ISMS domains and information security industry standard and best practices
2. Sound knowledge of industry best practices and popular frameworks like ISO 27001:2013, COBIT, NIST and standards/regulations like PCI-DSS, RBI
3. Extensive knowledge of information security management systems
4. Good Documentation. Conducting internal assessments of IT Policies, Standards and Process compliance to IT Audit standards
5. Risk-related industry-standard certifications such as CISA, CISM, CISSP would be a strong recommendation

Competencies critical to the role

1. Stakeholder Management
2. Analytical Ability
3. Influencing Skills
4. Process Orientation
5. Teamwork & Collaboration

Qualification

Graduate in any discipline

Preferred Industry

BFSI / NBFC /E-commerce/IT & ITES / Telecom