Third Party Risk Management Specialist
3 weeks ago
Position: Third Party Risk Analyst - Financial Services, TPRM, Policies, Regulation, Vendor Management
Cornwallis Elt Ltd is seeking a skilled Third Party Risk Analyst to enhance our operations within the financial services sector.
In this role, you will collaborate closely with the Head of Procurement & Outsourcing, contributing to a newly formed division dedicated to third party risk management. Your primary responsibilities will include the formulation and execution of risk management policies and strategies pertaining to third party engagements. Additionally, you will participate in service evaluations, ensuring that third party risk management is conducted in a structured and effective manner.
Key Responsibilities:
- Develop and implement comprehensive due diligence processes, identifying and escalating risks as necessary.
- Foster an understanding of the interrelations between third party risk management and various departments, including compliance, legal, procurement, risk, and finance.
- Oversee vendor management and onboarding processes to ensure compliance with established policies.
- Engage with stakeholders to maintain effective communication and collaboration.
Qualifications:
The ideal candidate will possess:
- Proven experience as a Third Party Risk Analyst within the financial services industry.
- Strong analytical skills with the ability to assess and mitigate risks.
- Excellent stakeholder management capabilities.
This position offers a unique opportunity to contribute to a centralized business function within a reputable global Speciality Reinsurer.
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