The Offer Join a well known brand within Insurance A role that offers a breadth of learning opportunities Fantastic work culture The Job Job Summary We are seeking a skilled and detail-oriented Third Party Risk Assessment Specialist who will be responsible for assessing, managing, and mitigating risks associated with third-party relationships to ensure that all external vendors, contractors, and service providers meet our organization's security, regulatory, and compliance standards.
Mandatory Skill-set Bachelor's degree in Business, Risk Management, Information Security, Finance, or related field; 3+years of experience in third-party risk management, vendor management, compliance, or a related field; Knowledge of risk assessment methodologies and frameworks, such as NIST, ISO 27001, or similar; Familiarity with regulatory requirements and industry standards related to third-party relationships, such as GDPR, HIPAA, SOC 2, etc; Experience with conducting vendor risk assessments and audits; Strong communication skills, both written and verbal, with the ability to communicate complex risk-related issues to non-technical stakeholders; Detail-oriented, organized, and able to manage multiple projects simultaneously; Proficiency in Microsoft Office (Excel, Word, PowerPoint), risk management tools, and contract management systems.
Desired Skill-set Familiarity with cybersecurity best practices and data privacy laws; Experience with vendor management software or tools.
Responsibilities Risk Evaluation: Conduct risk assessments of third-party vendors and partners, focusing on areas such as data security, compliance, financial stability, operational effectiveness, and legal risk; Due Diligence: Perform thorough due diligence on potential third-party partners before engagement, including reviewing security protocols, business continuity plans, financial standing, and legal compliance; Ongoing Monitoring: Continuously monitor the performance and risk posture of third-party vendors throughout the life of the relationship.
Identify new or evolving risks and recommend mitigating actions; Contract Review: Review and assess contracts, service level agreements (SLAs), and other documentation to ensure they meet company risk management standards and address potential risks; Risk Reporting: Prepare and present risk reports to senior management, highlighting identified risks, trends, and recommendations for mitigating actions; Compliance: Ensure that third-party vendors comply with all relevant regulations, including data protection laws (GDPR, CCPA), industry standards (ISO 27001), and organizational policies; Collaboration: Work closely with procurement, legal, IT, and compliance teams to integrate risk management processes into the vendor selection and management lifecycle; Incident Response: Collaborate with internal teams during any third-party-related incidents, helping to assess the impact and manage the response strategy; Risk Mitigation Strategy: Develop and implement strategies to mitigate risks related to third-party interactions, including conducting audits and ensuring vendors adhere to necessary corrective actions.
The Profile You have at least 3 years experience including solid experience in a similar role within Financial Services.
You have working knowledge of risk assessment, Audit and NIST You are a strong networker & relationship builder You are a strong team player who can manage multiple stakeholders You pay strong attention to detail and deliver work that is of a high standard The Employer Your Trusted Business Technology Partner in Intelligent Transformation and Specialised Technology Talent Management Services.
Multi-award winning ISO9001:2015, Data Protection Trustmark (DPTM) & Great Place To Work certified organisation helps clients succeed in data engineering & data intelligence, AI-led intelligentization, insurance and financial services focused business technology consulting and Technology Talent Services for large conglomerates and MNCs.
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