Senior Third Party Risk Manager

Transamerica•Cedar Rapids, IA

46d•$85,000 - $100,000

About The Position

Responsible for working with the Functional Business Area (FBA) and key subject matter experts to manage the risk exposure from engaging third party service providers to deliver products and services to Transamerica, Aegon, and affiliates. This includes the identification, analysis, reporting, and control of risks that are posed by these relationships throughout the third party life cycle to ensure compliance with internal policies and controls, laws, and regulations. Support the development, deployment, and execution of the third party risk management framework.

Requirements

Bachelor’s degree in business, finance or related field, or equivalent experience
Five years of experience in third party risk management, operational risk, or compliance
Thorough understanding in process management and control environments
Strong analytical skills to support assessment of risk and appropriate course of action
Written/oral communication skills to present information to FBA groups, SMEs, and third party service providers related to risks and courses of action.
Organizational skills to prioritize risks and actions using a risk based approach
Proficiency using MS Office

Nice To Haves

Certified Third Party Risk Professional or International Association Outsourcing Professionals Certified Regulatory Vendor Program Manager or other recognized industry certification
Visio, MS Project, Tableau, MS Access, AI (Copilot preferred)
Experience with TPRM GRC tools like Process Unity

Responsibilities

Ensure risk is being managed for assigned FBA portfolio throughout third party life cycle (planning, due diligence, contract, transition, on-going monitoring, and exit).
Work closely with FBA senior managers and managers to ensure awareness and understanding of third party risk program requirements and associated risk within their portfolios.
Develop partnerships with stakeholders across Transamerica, Aegon and affiliates.
Share best practices to improve processes and gain efficiencies.
Coordinate with FBA, third party provider and designated subject matter experts (SME) to develop and facilitate risk management strategy; execute third party control risk assessment to identify control weaknesses.
Ensure remediation action plans are properly documented, and monitor action plans through resolution.
Escalate to appropriate third party risk management as appropriate.
Ensure required risk management activities and control weaknesses are remediated prior to contract execution with third party provider or appropriate risk acceptance is documented and approved by FBA senior management.
Ensure appropriate systems are updated, remediation action plans to address control weaknesses are documents and approved by appropriate stakeholders.
Act as a SME to educate the FBA on program requirements.
Lead the development of performance management scorecards and monitor results, and other key risk management artifacts such as exit strategies.
Keep up-to-date on industry best practices to support continuous process improvement.
Provide training to FBA business owners of relationships.
Provide portfolio and risk analysis to third party risk management.
Monitor and report industry trends for emerging risks.
Ensure systems/databases are updated with business intelligence required to manage, report, and mitigate risks.

Benefits

Compensation Benefits
Competitive Pay
Bonus for Eligible Employees
Benefits Package
Pension Plan
401k Match
Employee Stock Purchase Plan
Tuition Reimbursement
Disability Insurance
Medical Insurance
Dental Insurance
Vision Insurance
Employee Discounts
Career Training & Development Opportunities
Health and Work/Life Balance Benefits
Paid Time Off starting at 160 hours annually for employees in their first year of service.
Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
Adoption Assistance
Employee Assistance Program
College Coach Program
Back-Up Care Program
PTO for Volunteer Hours
Employee Matching Gifts Program
Employee Resource Groups
Inclusion and Diversity Programs
Employee Recognition Program
Referral Bonus Programs