Sr. Third Party Risk Management Consultant (Hybrid: Madison, WI)

TruStage • Madison, WI

13d • Hybrid

About The Position

The Sr. Third Party Risk Management Consultant supports enterprise third-party risk activities and partners with the Third Party Risk Management leader to drive continuous improvement. The role requires leadership, indirect influence, stakeholder management, collaboration, problem solving, personal agility, and a continuous improvement mindset.

The consultant leads daily Third Party Risk Management operations, performs due diligence on complex, high-visibility third parties, and provides thought partnership, operational support, and backup leadership coverage. The role also leads complex initiatives, supports and mentors team members, and collaborates with business, risk, program, and third-party stakeholders to ensure consistent, timely execution across the portfolio.

The position supports program policies, procedures, materials, and internal resources; evaluates processes and identifies opportunities to improve effort, value, and enterprise risk outcomes; and helps improve processes, tools, technology, data quality, and program visibility. It also conducts quality assurance reviews, educates stakeholders, monitors activity using data and reporting, and supports leadership decision-making. The position is hybrid in Madison, Wisconsin.

Requirements

• Bachelor’s degree in business, risk management, information technology, or a related field, or equivalent work experience.
• At least 5 years of progressive experience supporting Third Party Risk Management process improvement, technology enablement, data quality, reporting, or program transformation initiatives.
• Experience applying Third Party Risk Management practices, including risk identification, tiering, due diligence, risk assessment, monitoring, reporting, and stakeholder coordination.
• Ability to coach, guide, and share knowledge with less experienced team members.
• Strong analytical, problem-solving, and decision-making skills, including the ability to use data and portfolio insights to identify trends, monitor activity, and support decisions.
• Experience building, enhancing, and using Third Party Risk Management technology platforms.
• Strong communication, facilitation, influencing, listening, and collaboration skills across stakeholder groups.
• Strong organizational and time management skills, with the ability to manage competing priorities and meet deadlines.
• Intellectual curiosity and ability to research and find solutions independently.
• Action-oriented approach with a focus on execution and follow-through.
• Ability to apply an enterprise risk perspective when evaluating risks, options, and recommended actions.
• A resume is required to apply.

Nice To Haves

• Project management experience.
• Experience with process improvement.

Responsibilities

• Lead, monitor, and execute daily Third Party Risk Management operations.
• Perform due diligence on complex, high-visibility third parties.
• Provide backup leadership support to the Third Party Risk Management Leader, including thought partnership, operational support, and coverage for complex issues.
• Build relationships and collaborate with business, risk, and program stakeholders across the Third Party Risk Management ecosystem.
• Support, coach, and mentor emerging team members.
• Lead complex Third Party Risk Management initiatives, provide subject matter expertise to peers, and drive outcomes that support the function’s effectiveness, scalability, and growth.
• Identify, escalate, facilitate, and track response activities related to third-party risks.
• Support the development of Third Party Risk Management policies, program materials, procedures, and internal resources.
• Evaluate Third Party Risk Management processes for opportunities to simplify and improve them, considering effort, value, and enterprise risk.
• Lead and support initiatives to improve processes, tools, technology, data quality, and program visibility.
• Work with third parties and cross-functional stakeholders to ensure activities are performed consistently across the portfolio and within agreed timelines.
• Conduct quality assurance reviews to promote accuracy, consistency, and adherence to Third Party Risk Management standards.
• Educate business, risk, and program stakeholders on roles, expectations, processes, and procedures.
• Promote a strong stakeholder experience through responsive communication, effective support, and consistent execution.
• Use data, reporting, and portfolio insights to monitor activity, identify trends, and support leadership decision-making.
• Perform other duties as assigned.

Benefits

• Annual incentive (bonus) plan eligibility may be available.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Employee assistance program.
• Life insurance.
• Disability plans.
• Parental leave.
• Paid time off.
• 401(k).
• Tuition reimbursement.
• Flexible workplace intended to support work-life balance, career growth, and retirement assistance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior