Third Party Strategy & Risk Management, Associate

Job Description

Work with Senior Leadership, Sourcing, Third Party Risk Resilience teams and Vendors to develop, implement and deliver complex and strategic cross divisional initiatives Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders. Implement quality assurance and testing approaches for vendor engagements by understanding the procedures, doing quality checks for balancing risk and control RESPONSIBILITIES Supporting the divisions to ensure they comply with the firms Vendor Management (VM) programs. Equipping Vendor Relationship Owners with skills, training, and awareness on their roles Engaging with Risk Partners across the organization (eg compliance, technology), as needed, helping the divisions to understand third party risks Reporting to divisional stakeholders on VM activities, including outstanding risks and ongoing initiatives Evaluating and providing guidance to key divisional stakeholders to support implementation and compliance with the Vendor Management Policy and Standard, and challenging divisional TPRM activities, where appropriate Engage with the divisions to raise awareness of the third-party risk management framework as we'll as develop the risk management skills of all Vendor Relationship Owners Developing and providing periodic global and regional reporting on vendor landscape, risks, controls, and overall status of divisional execution against the program requirements Support and help lead aspects of global TPRM program initiatives and priorities, working with global program and capability leads, as we'll as the global team overall. Champion and advocate for program maturity and development with key partners across the organization, ensuring alignment with GBMs overall third-party strategy. Design the appropriate framework and operating model to support the integration of risk control and business functions, the ongoing management of the third-party lifecycle, and maturing the existing third-party segmentation, risk tiering, and stratification. SKILLS & EXPERIENCE we're LOOKING FOR 6+ years experience in a business / Non-Financial Risk management/Third Party Risk Management pertaining to vendor services/ applications and Contingent Workers Experience in dealing with external vendors single handedly. Experience in managing/ coordinating with multiple functions including business functions, technology teams, compliance etc Experience in data analysis and in creating dashboards using BI tools like Tableau, Altryx etc would be an added advantage. A deep understanding of the different risk domains pertaining to third parties (eg, Information/ Cyber Security, Cloud concepts, Privacy, Compliance, BCP etc) and their unique requirements. In depth understanding of SDLC and experience in coordinating deployment cycles Strong experience addressing senior-level leadership and the ability to collaborate and lead cross-functional teams and initiatives. Designing, testing, or monitoring of internal risk controls. Passion for delivering and promoting quality in all aspects of your work and applying professional judgement. Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded and have practical value. Managing and developing junior team members through delegation, supervision, and coaching