Third Party Risk Management Specialist

Location: Dublin, OH; Van Wert, OH; Irving, TX; Waltham, MA; Alpharetta, GA

Join our dynamic team as a Third-Party Risk Management Specialist and be at the forefront of safeguarding our operations and ensuring compliance. In this pivotal role, you'll manage and enhance our third-party risk management program, collaborate with business leaders, and implement best practices to mitigate vendor risks. Your expertise in risk management and vendor oversight will be crucial in maintaining operational excellence and regulatory adherence.

How You'll Make an Impact

Manage and enhance Central’s third-party risk management program, including employing best practices and standardizing processes, procedures, and tools to assess vendor risks, establishing risk categories, and managing ongoing monitoring activities to mitigate operational and compliance risk related to the company’s vendors under regulatory requirements, business needs, and contractual terms

Collaborate and coordinates with business unit leaders and subject matter experts (e.g., information security, business continuity, legal and compliance) to provide effective oversight and risk management of vendor relationships and performance, remediate any gaps or deficiencies related to a vendor’s compliance and/or performance, and follow up on open items

Create, review, update, and document policies, programs, and procedures related to the company’s supplier management policies and third-party risk management program

Enforce risk management policies to ensure adherence to risk management program

Develop and implement recommendations to reduce risks by implementing changes when risks are identified

Manage the third-party risk management platform, including overseeing all related activities and the administration of third-party risk assessments

Understand corporate risk appetite and apply recommendations

Actively participate in cross-functional teams as a subject-matter expert for vendor risk management

Prepare periodic reports for leadership teams and support audit and examination requests for information to monitor the effectiveness of the third-party risk management program

Develop and conduct training related to the program requirements and user training related to third-party risk management and the technology solution that supports third-party risk management

Manage the company’s contract management system, including overseeing all related activities and the administration of the platform

Travel as needed to perform other essential functions

What You'll Bring

Bachelor’s degree in business or insurance-related field and one year of experience in third-party risk management

Or three years’ experience in third-party risk management

Superior organizational skills and attention to detail

Ability to identify issues, propose solutions, obtain stakeholder buy-in, and execute

Willingness to take on increasing responsibility and prioritize workload

Eagerness to dive in and learn areas of the law and/or industry that may be new, and become a subject matter expert

Comfortable with decision-making and obtaining stakeholder buy-in

Ability to proactively approach issues with problem-solving and decision-making skills

Possess verbal and written communication skills, including presentation and influence skills

Possess multi-tasking and prioritization skills

Ability to understand Central Insurance’s policies and processes

Preferred

Experience with contracts, service level agreements, and supplier management

Third-Party Risk Management Professional Certification

Work Authorization

Central will only employ those legally authorized to work in the United States. Sponsorship will not be provided for this position. Individuals with temporary visas such as E, F-1 (including those with OPT or CPT), H-1, H-2, L-1, B, J, or TN, or who need sponsorship for work authorization now or in the future are not eligible for hire.

Equal Opportunity Employer

It is Central’s policy that all recruiting, hiring, training, compensation, overtime, job classification and assignment, facilities, promotions, transfers, employee treatment, and all other terms and conditions of employment shall be maintained in a manner that will not discriminate against any person because of race, color, age, sex, national origin, ancestry, religion, marital status, military status, or disability. The applicant should respond to questions on this application in a way that will not divulge such information.#LI-AS1, #LI-Hybrid

Other details

Job Family Supplier Management