Third Party Risk Management Specialist

Overview

Become a vital part of our team as a TPRM Specialist, where you will oversee the proficient management of third-party risks across various business sectors. Your contributions will be essential in promoting compliance and enhancing operational effectiveness.

Key Responsibilities

• Recommend enhancements to the TPRM program in alignment with evolving risk profiles, regulatory guidelines, and operational landscapes. Review current TPRM policies and procedures to ensure adherence to legal and regulatory standards. Act as a Subject Matter Expert (SME) on third-party risk, providing guidance to business and IT stakeholders regarding due diligence, risk oversight, and contractual responsibilities. Counsel stakeholders on navigating adverse events and issues of non-compliance. Collaborate with SMEs from different departments to review new and existing third-party agreements, ensuring robust challenge to risk assessments. Facilitate TPRM Committee meetings, establishing agendas that focus on due diligence approvals and monitoring initiatives. Monitor and document any deficiencies or negative trends in third-party risk management practices. Conduct independent evaluations to assess the successful execution of TPRM processes. Assist in internal and external audits pertaining to third-party risk management.

Qualifications

• Bachelor's degree in Information Technology, Business Administration, or a related discipline. A minimum of 3-5 years of experience in vendor management, procurement, risk and compliance, or business auditing, preferably within the financial sector. Comprehensive understanding of regulatory and legal requirements related to IT vendor management. Proven track record of executing tasks meticulously while following best practices in high-pressure environments. Ability to work autonomously with diverse stakeholders to meet TPRM goals. Exceptional organizational skills, problem-solving capabilities, and a keen attention to detail. Strong written and verbal communication skills. Proficient project and time management abilities, with a demonstrated capacity to prioritize tasks and meet stringent deadlines.