Program Development and Implementation
- Work with the Lead of TPRM on developing and implementing a robust global third-party risk management program
- Partner with stakeholders and subject matter experts to build strong relationships and effective third-party risk management processes
- Gather a full inventory of third parties and work on remediation and participate in change management process and data clean up
- Assist in identifying and evaluating risk areas across the firm's operational activities and contribute to the development of processes and controls to mitigate such risks.
Program Governance and Execution
- Manage day-to-day third-party risk management process
- Review and challenge Inherent Risk Questionnaire responses
- Validate Due Diligence Assessments along with Due Diligence artifacts for accuracy and completeness
- Conduct ongoing monitoring of third parties
- Participate in third party performance management process
- Ensure terminations are executed in line with the process
- Provide regular reporting and status updates on third-party risk program, ensuring transparency and accountability at all levels of the organization.
- Manage an inventory of third parties and fourth parties, ensuring compliance with internal policies and regulatory requirements.