Vacancy expired!
- Conduct thorough third-party risk assessments, partnering closing with key partners, to identify and evaluate risk with third parties through the application of established criteria.
- Partner with Business Owners and the Onboarding Analyst to ensure third parties are properly classified based on the inherent and residual risks for the products/services provided to Globe Life
- Develop a working knowledge of applicable regulations governing third party relationships to ensure that the third parties and Globe Life meets all applicable regulatory requirements
- Develop a risk register that defines the risk management program to address potential vulnerabilities across each major risk area, including financial, business continuity, operational, and reputational risk
- Develop and maintain high-quality risk assessment documentation covering findings, risk statements, risk ratings, justifications and recommendations in the vendor management tool and risk register.
- Design and facilitate third party risk assessments for initial due diligence and ongoing oversight of third party supplier services to ensure compliance with laws and regulations
- Lead operating process and internal control improvement by reviewing, monitoring and testing internal controls and procedures associated with products, services, customers and operations
- Build strong partnerships with stakeholders (Business Owner and Subject Matter Experts SMEs)
- Execute TPRM activities on behalf of the business and other risk specialist groups to ensure coordination of efforts in a timely manner
- Collaborate with internal partners to mitigate and resolve third-party risks in the development of corrective action plans. Monitor the execution of corrective action and evaluate the residual risk.
- Ensure third party data integrity and inventory management within the appropriate TPRM tool
- Generate key metrics, reporting and dashboards on a consistent basis for relevant stakeholders and executive leadership improving senior management visibility into the risks from using third parties
- Collect, develop and analyze Key Performance Indicators (KPIs), Key Risk Indicators (KRIs)
- Drive process improvements to continuously mature the Third-Party Risk Management program and framework. Assist with the communication, training and roll out of new TPRM processes to the various stakeholders across multiple lines of business.
- Manage and administer TPRM procedures, tools and corresponding support materials
- Obtain and maintain necessary training to keep current on the discipline of Third Party Risk Management.
- Bachelor's degree in Business, Risk Management or any other quantitative based degree
- 3+ years of vendor risk management experience
- Working knowledge of fundamental risk principles and leading practices (industry certifications a plus)
- Knowledge of and experience in designing and operating third party risk management governance frameworks and processes to comply with regulatory requirements, guidance and oversight applicable to the financial services industry.
- Detail oriented with strong analytical, problem solving and organization skills
- Ability to generate ideas for and support continuous improvement in the department
- Ability to independently manage and prioritize work; must be able to juggle multiple tasks, tight deadlines and changing priorities and will meet deliverables on time
- Excellent written and verbal communication skills
- Proficient PC skills, specifically with business-oriented applications such as Microsoft Word, Excel and PowerPoint
- Knowledge and understanding of financial service, insurance or health care industry
Vacancy expired!