Third Party Risk Management Specialist
2 days ago
About the Role
The Openwork Partnership is seeking a highly skilled Third Party Risk Management Specialist to champion, operate, and manage the Third-Party Supplier Risk Management Framework and deliver the day-to-day Third Party Risk Management Programme.
Key Responsibilities
- Champion, operate, and manage the Third-Party Supplier Risk Management Framework and deliver the day-to-day Third Party Risk Management Programme.
- Triage new suppliers to The Openwork Partnership and determine whether they require a third-party security assessment.
- Identify and document gaps in supplier security controls to identify any residual risk to The Openwork Partnership services or data.
- Ensure that all residual supplier risk is documented and subject to risk management, treatment, and business sign-off prior to business change go live.
- Add relevant obligations to the contract for ongoing security assurance.
- Liaise with third parties and build a relationship with their security and account teams for the purpose of ongoing contract assurance.
- Support the completion of accurate materiality assessments and reporting thereof of potential and existing suppliers and facilitate supplier segmentation.
- Ensure documentation and records are maintained in appropriate systems and tools and updated at required intervals.
- Support business stakeholders and suppliers to develop risk management plans.
- Work with suppliers to identify and remediate risks as required and furthermore identifying critical suppliers.
- Maintain an up-to-date record of all suppliers that access, store, process, and provide critical services, including the supplier assurance risk register.
- Provide high-quality risk reports, with guidance and recommendations, to enable senior business owners to make the most appropriate risk decisions relating to the use of the supplier.
- Monitor on-going compliance of suppliers within set schedules depending on the risk profile of the supplier.
- Work closely with the relevant business owners, legal, and procurement to ensure third-party risks are considered and managed at appropriate points of the supplier lifecycle.
- Support colleagues with queries relating to supplier assurance.
- Assist with Business Continuity Planning efforts as they relate to TPRM.
- Attend key business forums as they relate to TPRM (Technical Design Authority, Change Assessment Board, Risk Management forums, etc).
Requirements
- BA/BS degree, practitioner-level qualifications, or equivalent experience in the field of Information Security/Risk Management.
- Professional certifications such as CISSP, CISA, CRISC, IRM, CTPRP, or equivalent are desirable.
- Good understanding of Third-Party Risk Management practices and strategies.
- Third-Party Risk experience gained from a supplier/vendor management, category management, or business development background.
- Record of accomplishment in supporting the development or maintenance of risk policy in relation to suppliers, with appropriate levels of risk management.
- IT audit/risk management, with examples of managing technology risk and compliance within an organisation.
- Knowledge of ISO standards in relation to information security and business continuity.
- SME level expertise in respect to information security risk management processes, frameworks, and procedures.
- Leading, planning, and conducting interviews with suppliers (or similar stakeholders) to obtain an understanding of the area being reviewed.
- Able to build solid working relationships with peers as well as internal and external stakeholders.
- Knowledge of regulatory frameworks, ideally in relation to Financial Services.
About The Openwork Partnership
The Openwork Partnership is a dynamic, fast-paced, and growing business with huge ambition. This is all made possible by the brilliant people who are part of The Openwork Partnership family. We're investing heavily in our colleagues, continuously striving to give them the platform to develop personally and professionally and reach their full potential.
We're also very proud of our culture, as one of the Best 100 Large Companies to work for in 2022. The Openwork Partnership values and respects individuality and we are committed to building an inclusive culture and environment where you can balance a successful career with your commitments and interests outside of work.
We believe that you will bring your best self to work if you are trusted to choose when, where, and how you do it.
On top of offering a modern workplace with bags of development opportunities, we also offer a highly attractive benefits package to reward you for your hard work. This includes a competitive base salary, an industry-leading annual bonus, enhanced pension, critical illness cover, income protection, and a range of other flexible benefits.
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