Third Party Risk Management Lead

1 week ago Be among the first 25 applicants Operations Purpose of the Role As a Third Party Risk Management Lead, you shall locally adopt, maintain, and monitor effective implementation of the TPRM framework. You will cooperate with the existing outsourcing function with respect to Outsourcing Arrangements and support the Business Owners. Responsibilities Ensure the requirements of the Third-Party Risk Management (TPRM) Standard are fulfilled, communicated, and applied to stakeholders and business owners. Govern and monitor the effective implementation of the TPRM framework, integrating it into the Non-Financial Risk Management framework. Support business owners in carrying out the TPRM lifecycle, including risk assessments and ongoing monitoring of Third-Party Arrangements. Establish mechanisms for obtaining management information and reporting processes to adhere to monitoring requirements. Conduct training and awareness programs for OE local Board of Management and business owners, emphasizing the TPRM lifecycle, roles, obligations, and local specificities. Ensure business owners are aware of their responsibilities and the involvement of other relevant functions. Document each step of the TPRM process and ensure accurate and complete information in the TPRM inventory. Provide management reports on the status of OE TPRM, inform the OE Board of Management and Group TPRM Function on risk assessments, control effectiveness, and investment needs, and report to supervisory authorities within stipulated timelines. Requirements Educational Background: Bachelor's degree in Risk Management, Business Administration, Finance, Law, or a related field. A master's degree or professional certification in risk management or a related field would be advantageous. Proven experience in third-party risk management, outsourcing, or procurement functions, preferably within the insurance or financial services industry. Experience in governance and monitoring of risk management frameworks, including integration into broader risk management systems. Strong understanding of third-party risk management standards and frameworks, including the ability to apply these in practical settings. Strong analytical skills to evaluate risk relevance, perform risk assessments, and assess control effectiveness. Ability to create, analyze, and present management reports on risk status and control effectiveness. Experience in developing management information systems for ongoing monitoring requirements. Excellent communication skills to effectively convey TPRM requirements and processes to stakeholders, business owners, and the Board of Management. Ability to collaborate with cross-functional teams, including Procurement and Legal functions, and manage negotiations and contract drafting. Strong organizational skills to document and manage the TPRM process, including maintaining accurate records in the TPRM inventory. Ability to manage multiple projects and prioritize tasks effectively, ensuring timely completion of risk management activities. Experience in designing and conducting training and awareness programs for business owners and management teams. Ability to upskill and retain expertise necessary for supervising third-party arrangements and managing associated risks. Knowledge of regulatory requirements and timelines for reporting and notification to supervisory authorities, ensuring compliance with all relevant regulations. Experience with AI-driven adaptive learning technologies and data analysis for personalized training. Proficiency in using AI tools for content recommendation, automated assessment, and feedback. Seniority level Mid-Senior level Employment type Full-time Job function Finance and Sales Industries Financial Services and Insurance Location Manila, National Capital Region, Philippines Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow. #J-18808-Ljbffr