Third Party Risk Senior Associate Manila, Philippines Posted on 05/03/2024 Be the First to Apply

• Locations 8F V-Corporate Center, Makati City, 1227, PH
• Job Schedule Full time
• Salary Range Salary will be Commensurate with Experience
• Featured Opportunities No

Job Description

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The impact you will have in this role:

Being a member of Third Party Risk Management, the Third Party Risk Management Senior Associate completes (TPR) activities to effectively evaluate, assess, handle and report on Third Party risks. Responsible for performing quality assurance of the TPR process including the review and scoring of inherent risk questionnaires, initiating and handling the due diligence process with cross functional control group, acquiring assurance documents from Third Party and completing overall risk assessment summaries. Supports management with metrics reporting and monitoring of vendor risks; including data collection and analysis, periodic ongoing monitoring and reporting.

Your Primary Responsibilities:

• Implement to meet team and department goals. Supervise key metrics used for management reporting of Third Party risk processes while working at mastering knowledge of process. Suggest improvements to processes to increase efficiencies.
• Perform Third Party Risk assessments and monitoring activities and assist with the development and implementation of Third Party Risk Management frameworks. Assist with special projects.
• Produce and maintain reporting and metrics for both internal and external partners. Analyze, interpret, and present data to internal team. Recommend suggestions for improvements.
• Possess strong knowledge of processes across functional areas within the team.
• Build strong relationships with internal and external partners. Facilitate third party risk activities and collaborate to enhance processes.
• Demonstrate effective written and verbal communication skills, active engagement in meetings and thought leadership. Provide guidance to internal collaborators on processes and address issues and inquiries timely.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; advances appropriately.
• Act as a subject matter authority (SME) on Third Party Risk technology tools and be responsible for collaborating with fellow technology teams to deliver solutions.
• Prioritize multiple tasks and initiatives. Lead the design and implementation of Third Party Risk Management frameworks and lead project tasks effectively.
• Demonstrate and apply a thorough understanding of risk management processes and activities, with specific focus on key third party risks. Viewed as a subject matter expert.
• Lead technical subject matter authority reviews for Third Party risk assessments, where appropriate. Provide input on risk management and mitigation practices.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; raises appropriately

**NOTE: The Primary Responsibilities of this role are not limited to the details above. **

Talents Needed for Success:

• Minimum of 4 years of related experience and 3 of the 4 years within a Third-Party Risk Assessment team.
• Bachelor's degree preferred or equivalent experience

Are you ready to make an impact at DTCC?

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We're committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.

Pay and Benefits:

• Competitive compensation, including base pay and annual incentive
• Comprehensive health and life insurance and well-being benefits, based on location
• Pension / Retirement benefits
• Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The impact you will have in this role:

Being a member of Third Party Risk Management, the Third Party Risk Management Senior Associate completes (TPR) activities to effectively evaluate, assess, handle and report on Third Party risks. Responsible for performing quality assurance of the TPR process including the review and scoring of inherent risk questionnaires, initiating and handling the due diligence process with cross functional control group, acquiring assurance documents from Third Party and completing overall risk assessment summaries. Supports management with metrics reporting and monitoring of vendor risks; including data collection and analysis, periodic ongoing monitoring and reporting.

Your Primary Responsibilities:

• Implement to meet team and department goals. Supervise key metrics used for management reporting of Third Party risk processes while working at mastering knowledge of process. Suggest improvements to processes to increase efficiencies.
• Perform Third Party Risk assessments and monitoring activities and assist with the development and implementation of Third Party Risk Management frameworks. Assist with special projects.
• Produce and maintain reporting and metrics for both internal and external partners. Analyze, interpret, and present data to internal team. Recommend suggestions for improvements.
• Possess strong knowledge of processes across functional areas within the team.
• Build strong relationships with internal and external partners. Facilitate third party risk activities and collaborate to enhance processes.
• Demonstrate effective written and verbal communication skills, active engagement in meetings and thought leadership. Provide guidance to internal collaborators on processes and address issues and inquiries timely.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; advances appropriately.
• Act as a subject matter authority (SME) on Third Party Risk technology tools and be responsible for collaborating with fellow technology teams to deliver solutions.
• Prioritize multiple tasks and initiatives. Lead the design and implementation of Third Party Risk Management frameworks and lead project tasks effectively.
• Demonstrate and apply a thorough understanding of risk management processes and activities, with specific focus on key third party risks. Viewed as a subject matter expert.
• Lead technical subject matter authority reviews for Third Party risk assessments, where appropriate. Provide input on risk management and mitigation practices.
• Aligns risk and control processes into day to day responsibilities to monitor and mitigate risk; raises appropriately

**NOTE: The Primary Responsibilities of this role are not limited to the details above. **

Talents Needed for Success:

• Minimum of 4 years of related experience and 3 of the 4 years within a Third-Party Risk Assessment team.
• Bachelor's degree preferred or equivalent experience

Additional Qualifications

• Fosters a culture where honesty and transparency are expected.
• Stays current on changes in their own specialist area and seeks out learning opportunities to ensure knowledge is up-to-date.
• Invests effort to individually coach others.
• Builds collaborative teams across the organization.
• Communicates openly keeping everyone across the organization informed.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

About the TeamOur Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems. The Technology Risk Management department is responsible for setting strategic direction in the areas of IT Risk and Information Security. They are accountable for maintaining DTCC's corporate security policies and control standards and acting as an operational arm for monitoring threat intelligence. #J-18808-Ljbffr

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