Transamerica

Senior Third Party Risk Manager

Transamerica

full-time

Posted on:

Location Type: Office

Location: Cedar Rapids • Colorado, Iowa • 🇺🇸 United States

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Salary

💰 $85,000 - $100,000 per year

Job Level

Senior

Tech Stack

TableauUnity

About the role

  • 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 documented 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.

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
  • Certified Third Party Risk Professional or International Association Outsourcing Professionals Certified Regulatory Vendor Program Manager or other recognized industry certification
  • Experience with TPRM GRC tools like Process Unity
  • Visio, MS Project, Tableau, MS Access, AI (Copilot preferred)
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
  • Ten (10) paid holidays per year
  • Be Well Company holistic wellness program
  • Parental Leave – fifteen (15) days of paid parental leave
  • 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

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
third party risk managementoperational riskcomplianceprocess managementcontrol environmentsrisk assessmentportfolio analysisremediation action plansperformance management scorecardsbusiness intelligence
Soft skills
analytical skillswritten communicationoral communicationorganizational skillsstakeholder managementtrainingpartnership developmentprocess improvementprioritizationleadership
Certifications
Certified Third Party Risk ProfessionalInternational Association Outsourcing Professionals Certified Regulatory Vendor Program Manager