Job Summary:
The Third Party Management Lead is responsible for overseeing the organization's third-party risk management program. This role involves developing and implementing strategies to assess, monitor, and mitigate risks associated with third-party relationships. The ideal candidate will have a strong understanding of risk management principles, excellent communication skills, and the ability to collaborate with various stakeholders across the organization.
Key Responsibilities:
- Develop and maintain the third-party risk management framework, policies, and procedures.
- Conduct risk assessments of third-party vendors and service providers to identify potential risks and vulnerabilities.
- Collaborate with cross-functional teams to ensure compliance with regulatory requirements and internal policies.
- Monitor third-party performance and risk exposure through regular reviews and audits.
- Provide training and guidance to internal teams on third-party risk management best practices.
- Prepare and present reports on third-party risk management activities to senior management and stakeholders.
- Stay updated on industry trends, regulatory changes, and best practices related to third-party risk management.
Qualifications:
- Bachelor's degree in Business, Finance, Risk Management, or a related field.
- Minimum of 10 years of experience in risk management, vendor management, or compliance.
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
- Ability to work independently and manage multiple projects simultaneously.
- Knowledge of relevant regulations and standards (e.g., ISO 31000, NIST, etc.) is a plus.
