Third-party Risk Specialist

This is an operational/technical role aimed at the coordination, identification, analysis, consolidation, mitigation, and escalation of all third-party supplier risks on behalf of the Third-Party Risk Management Centre of Excellence (CoE). The role will report directly to the Head of the CoE with a focus on collaboration, risk identification, mitigation, system management, and reporting to various stakeholder groups across the third-party life cycle.

**Job Objective**

The individual will be responsible for/to:

- Support the planning and rollout of the implementation of a Third-Party Risk Management Centre of Excellence (CoE) and framework, reporting to the TPRM Senior Risk Officer in response to applicable Risk, Compliance & Governance Models and related OML group strategic objectives in relation to Third-Party Risk.
- The setup and adoption of a Third-Party Risk Management CoE/function within the Contracts & Sourcing Team in line with OML Risk Governance Frameworks, including the relevant group operating manual, risk policies and other applicable policies.
- Provide assurance that the CoE risk and compliance objectives are met and that internal controls are adequate and effective through tracking, monitoring and reporting.
- The development and maintenance of and third-party inventory and all related data inputs, coordination, maintenance, and updates.
- Regularly monitor and report on third-party risks, compliance and risk mitigation in line with group policies and processes, procedures and standards. Escalate as appropriate and support resolution for areas of risk and/or non-compliance.
- Coordinate, collect evidence, monitor and report on the CoE activities, objectives and maturity to the Head of Contracts & Sourcing, TPRM Senior Risk Officer, and various risk forums as required.
- Provide technical inputs and support on third-party risk and compliance in strategic/non-strategic third-party related projects.
- Support and drive the implementation of third-party risk segmentation and risk rating principles.
- Communicate updates, monitor, and report on third-party risks to second line risk and compliance.
- Report on third-party risk and compliance activities to the TPRM Operations Manager/Senior Risk Officer and Contracts & Sourcing Executive.
- Provide technical third-party risk and compliance inputs and provide support in business projects.
- Reporting on the compliance and effectiveness of company policy, standards, processes, and procedures in relation to third party risk management.
- Establish and manage relationships and enhance engagement with all risk pillar SME’s to ensure proper cohesion through the process of risk identification, communication and management across the third-party supplier life cycle.
- Support and encourage third-party risk management awareness and COE objectives.
- Support third-party risk methodologies, ensuring it is communicated, shared and adopted.
- Ensure detailed knowledge of wide third-party database, inventory, risk profiles and risk management action plans to enable efficient gatekeeping of the appropriate third-party risk processes.
- Champion, facilitate and optimize the CoE by monitoring and reporting on the effectiveness of third-party policy, standards, processes and procedures.

**Qualifications**:

- General risk management experience (2- 3 years)
- Knowledge and experience of third-party risk management principles and practices.
- Third-party risk management certification and/or qualification (advantageous)
- Experience with third-party risk management tools (advantageous)

**Job Types**: Full-time, Permanent

**Salary**: R35 000,00 - R50 000,00 per month