Third Party Risk Management Consultant

Summary:

The Third Party Risk Management Consultant will support third party assessment and monitoring, managing compliance to the TPRM Program across the enterprise as well as supporting TPRM program activities such as metrics/reporting and regulation management. The Consultant will work closely with cross-functional stakeholders in order to ensure the TPRM program is operating within the framework and governance model. This role requires an understanding of risk management practices, regulatory requirements, and an ability to effectively communicate risk concepts across the enterprise.

Primary Duties & Responsibilities:

• Assist in implementing the TPRM reporting strategy and manage the weekly, monthly, and annual reporting of Key Risk Indicators (KRIs) and program metrics. Generate key metrics, reports and dashboards that document the health and stability of the Third-Party Risk Management Program on a consistent basis for relevant stakeholders and Northwestern Mutual leadership.
• Stay current with Northwestern Mutual regulations and standard related to TPRM. Ensure the TPRM program is meeting regulatory requirements and industry best practices.
• Support and lead, as needed, the response to regulatory requests internally and externally.
• Manage the TPRM regulatory readiness response standard.
• Support the completion of TPRM activities on behalf of the business and other risk specialist groups to ensure coordination of efforts in a timely manner, as needed.
• Develop relationships with key stakeholders, to facilitate a partnership approach to third party risk management and program governance.
• Support the third-party onboarding process, as needed, during the sourcing event to ensure the proper risk and due diligence of a third party is conducted prior to supplier selection.
• Perform Quality Assurance (QA) on TPRM activities completed throughout the risk lifecycle.
• Assist in raising awareness of third party risk management across Northwestern Mutual.
• Support Product Management of TPRM Technology
• Support other TPRM projects. as needed.
• Provide project management support throughout the TPRM program, as needed.

Knowledge, Skills, Abilities:

• Bachelor's degree in Risk Management, Finance, Economics, Operations, or a relevant area
• 5 years+ of broad business experience involving Third Party Risk Management, Supplier Management, Supplier Operations, Procurement, or other related functions.
• Applicable experience with Third Party Risk Management, Risk Management, and/or the proactive governance of suppliers.
• Experience in ServiceNow TPRM or equivalent technology preferred.
• Strong analytical thinking - using logic and reason to solve complex problems and make decisions in a changing environment.
• Ability to work effectively across organizational areas in a matrix environment.
• Ability to influence without authority through developed interpersonal, written, and presentation communication skills

#LI-Hybrid

Pay Range - End:

We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed but if you're living in California, New York City or other eligible location, geographic specific pay structures, compensation and benefits could be applicable, click here to learn more.

Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now!

Northwestern Mutual is an equal opportunity employer who welcomes and encourages diversity in the workforce. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.

We're excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and our commitment to a culture of belonging.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups