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Risk Management Specialist

2 months ago


Reading, Reading, United Kingdom Oracle Full time
Job Overview

Oracle is seeking a highly skilled Risk Management Specialist to join our team. As a key member of our supply chain risk management team, you will be responsible for developing and implementing strategies to assess and enhance the criticality and resiliency of third parties across our supply chain.

This role requires a strong understanding of risk management principles, business continuity planning, and strategic planning. You will work closely with our lines of business to identify and prioritize critical third parties, establish and maintain a framework for continuous monitoring and improvement, and collaborate with third parties to ensure alignment with Oracle's risk management and resiliency standards.

Key Responsibilities
  • Strategic Planning: Develop and implement strategic plans to assess and enhance third party criticality and resiliency, identify and prioritize critical third parties based on their impact on Oracle's operations and supply chain, and establish and maintain a framework for continuous monitoring and improvement.
  • Risk Assessment and Management: Ensure comprehensive risk assessments of key third parties' business continuity and resiliency plans are undertaken by lines of business, identify vulnerabilities and develop mitigation strategies to address potential disruptions, and collaborate with lines of business and third parties to ensure alignment with Oracle's risk management and resiliency standards.
  • Third Party Due Diligence and Audits: Conduct thorough due diligence reviews on new and existing third parties to verify compliance with resiliency and criticality requirements, oversee regular audits of third party risk management practices, business continuity plans, and criticality assessments, and ensure third party adherence to contractual obligations related to resiliency and criticality.
  • Collaboration and Stakeholder Engagement: Work collaboratively with lines of business to integrate third party criticality and resiliency into broader business strategies, act as the primary point of contact for third party resiliency and criticality issues, and communicate insights, findings, and recommendations to senior management and key stakeholders.
  • Incident Response and Recovery: Lead the development and testing of incident response and recovery plans involving critical third parties, coordinate and manage responses to incidents affecting critical third parties and the supply chain, and analyze the impact of disruptions on the supply chain and implement corrective actions.
  • Continuous Improvement and Innovation: Stay updated on industry trends, regulatory changes, and good practices in third party resiliency and criticality, drive continuous improvement initiatives to enhance third party risk management and resiliency programs, and innovate and implement new tools, technologies, and methodologies to improve third party resiliency and criticality assessments.