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Third Party Management Office
3 months ago
Third Parties are separate entities that provide goods or services to CLS under contractual arrangements or other business relationships. This includes entities such as vendors, brokers, sellers and agents. CLS can face a wide range of operational and compliance risks through engaging in Third Party relationships.
To manage these risks, the Third Party Management (TPM) discipline is employed for the procurement of, and management of risks, relating to services provided to CLS by Third Parties.
CLS's Third Party Management Office (TPMO) team is the operational function involved in the end to end process of Third Party Management and is responsible for maintaining controls; systems; documentation; governance and reporting.
Job purpose -major duties and responsibilities of the jobnCLS are establishing an improved TPM process in order to respond to, and adhere to, new and existing regulatory guidelines and initiatives enabling CLS to effectively assess and manage the risk introduced by engaging with third parties during the course of executing business activities.nThe selected Analysts will provide operational support within the TPM process.
nResponsibilities include the following:
nComplete Third Party Management activities, such as completing risk assessments and due diligence activities in line with the TPM Policy and ProcedurenAct as a liaison between various stakeholders within the business, gathering and interpreting complex informationnAssess, challenge and provide feedback on the information received from the business stakeholdersnIdentify service and vendor risk through remediation and communicate mitigation/remediation activitiesnEnsure all approvals, escalations, and reporting is conducted as requirednProvide support in the implementation and execution of updates to the TPM Policy, Procedures and other documentsnEnsure that issues are proactively raised to line manager
Knowledge, skills and abilities -competencies required for successful job performancenStrong written and verbal communication skillsnGood interpersonal skills to engage with large number of stakeholdersnAbility to approach problems analytically and confidently drive tasks through to completionnIntermediate ability with MS Office Suite, including ExcelnWhilst Third Party Management experience would be beneficial, it's not mandatory as full training will be providednDegree educated, or equivalent work experience preferred
