Job description

Role Purpose

The Vendor Assessor is responsible for leading end-to-end vendor evaluation and assessment processes, ensuring that third-party providers meet the bank’s technical, security, resilience, and compliance requirements.

The role plays a critical part in pre-RFP screening, multi-criteria vendor evaluation, and risk identification, ensuring vendor selection aligns with the bank’s procurement framework, governance standards, and regulatory expectations.

• Conduct pre-RFP vendor evaluations covering:
  • Technology architecture
  • System resilience and scalability
  • Security controls and risk posture
• Perform due diligence on vendor capabilities, certifications, and compliance readiness
• Identify potential risks and gaps prior to formal procurement stages

• Design and execute multi-criteria vendor scoring frameworks, including:
  • Technical capabilities
  • Security and compliance posture
  • Operational resilience
  • Cost and commercial considerations
• Coordinate cross-functional input from:
  • IT / Engineering
  • Cybersecurity
  • Risk & Compliance
  • Business stakeholders
• Perform comparative analysis of vendors and shortlist recommendations

• Identify and assess vendor-related risks, including:
  • Cybersecurity risks
  • Operational dependencies
  • Regulatory and compliance gaps
• Provide risk-based recommendations for vendor selection
• Highlight mitigation strategies and contractual safeguards

• Ensure adherence to the bank’s:
  • Procurement policies and procedures
  • Vendor governance frameworks
• Maintain audit-ready documentation of vendor assessments and decisions
• Support internal reviews, audits, and regulatory requirements

• Act as a key liaison between:
  • Procurement teams
  • Technology and engineering teams
  • Risk and compliance functions
• Facilitate evaluation workshops and vendor presentations
• Communicate findings and recommendations clearly to decision-makers

• Stay updated on:
  • Market trends and vendor capabilities
  • Emerging technologies and solution providers
• Benchmark vendors against industry standards and best practices
• Continuously improve evaluation frameworks and assessment methodologies

• Bachelor’s degree in:
  • Business Administration
  • Information Technology
  • Finance or related field

• 8–10 years of experience in:
  • Vendor management / procurement
  • Technology risk / third-party risk assessment
• Proven experience in:
  • Vendor evaluation and RFP processes
  • Multi-stakeholder coordination
• Experience in banking or regulated environments is strongly preferred

• Strong understanding of:
  • Technology architecture and IT systems
  • Cybersecurity fundamentals and risk frameworks
  • Vendor risk and third-party management practices
• Experience with:
  • Evaluation frameworks and scoring models
  • Contract and SLA risk considerations
• Familiarity with:
  • Regulatory expectations in financial services

• Strong analytical and decision-making capabilities
• Excellent communication and presentation skills
• Ability to influence stakeholders and drive consensus
• Strong organizational and documentation skills

• Vendor Evaluation & Due Diligence
• Risk Assessment & Mitigation
• Procurement Governance
• Stakeholder Management
• Analytical & Decision-Making Skills
• Communication & Presentation

• Experienced professional with strong background in vendor assessment and procurement processes
• Ability to evaluate both technical solutions and associated risks
• Strong understanding of governance and compliance requirements in banking environments
• Effective communicator capable of presenting recommendations to senior stakeholders
  • Balanced skillset across analysis, risk management, and stakeholder coordination