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The Third Party Risk Manager will collaborate with the SVP of Third-Party Risk to establish a framework for tiering, monitoring, assessing, and mitigating third-party risk. Working closely with business areas, this role will identify critical suppliers, utilize internal and external resources to understand related risks, and coordinate with stakeholders to manage these risks effectively.
This position requires building a network of partners across business areas to ensure risks are monitored and managed appropriately. Key responsibilities include:
- Maintaining the enterprise third-party risk governance and framework, making adjustments as needed to align with changes in the internal and external environment.
- Supporting teams in monitoring key supplier risks through external and internal data sources.
- Identifying and working with business units and compliance to ensure accurate supplier identification and process alignment for monitoring and communicating risks to the business.
- Collaborating with legal, compliance, Cyber, and other functions to centralize supplier insights and develop a comprehensive risk dashboard for top-tier vendors.
- Reporting on gaps and risk concerns, working closely with supplier relationship managers to hold suppliers accountable for remediation or quantify and accept risks where appropriate.
