
Director of Third Party Risk Management
1 day ago
Third Party Risk Management Specialist
This role is responsible for developing and implementing a comprehensive third-party risk management program. The primary goal is to assess and mitigate risks associated with third-party engagements, ensuring compliance with regulatory requirements and protecting organizational assets and reputation.
Main Responsibilities:
- Develop and implement a robust third-party risk management framework, policies, and procedures.
- Establish risk assessment methodologies and criteria for evaluating third-party vendors.
- Ensure the TPRM program aligns with the organization's risk appetite and regulatory requirements.
Risk Assessment and Mitigation:
- Conduct thorough risk assessments of third-party vendors, including due diligence and ongoing monitoring.
- Identify potential risks (e.g., operational, financial, reputational, compliance) and develop mitigation strategies.
- Collaborate with internal stakeholders to ensure risk mitigation measures are implemented effectively.
Due Diligence:
- Oversee the due diligence process for onboarding new third parties.
- Ensure all third parties comply with organizational policies, ethical standards, and regulatory requirements.
Regulatory Compliance:
- Stay updated on relevant regulatory requirements and industry best practices related to third-party risk management.
- Ensure the organization complies with applicable laws, regulations, and standards.
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