Third Party Risk Management Specialist

Company Description
Wise is a global technology company, building the best way to move and manage the world's money.

Min fees. Max ease. Full speed.
Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money.

For everyone, everywhere.
Job Description
More about
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As the Third Party Risk Management Liaison, you will support allocated business areas in overseeing their TPRM risk and act as a liaison to coordinate these activities. This role includes being hands on and actively overseeing the ongoing maintenance and enhancement of comprehensive Third Party Risk Management (TPRM) activities including risk assessments, due diligence, performance management, exit management and more.

In this role, you will support the Third Party Risk Leadership by working with allocated areas as a liaison to oversee critical services and work with Relationship Owners and third party providers directly to ensure the completion of TPRM activities.

As the Third Party Risk Management (TPRM) Liaison, you will play a pivotal role in safeguarding our organization from potential risks associated with allocated third party engagements. This comprehensive role involves actively supporting designated business areas in the meticulous oversight of their TPRM risks and serving as a crucial liaison to seamlessly coordinate all related activities. Your expertise will be instrumental in the hands-on, ongoing maintenance and strategic enhancement of our robust TPRM framework.

Your responsibilities will encompass a wide array of critical TPRM activities, including but not limited to:

• Risk Assessments: Conducting thorough and proactive risk assessments to identify, evaluate, and prioritize potential risks posed by third-party relationships.
• Due Diligence/External Surveys: Overseeing comprehensive due diligence/surveys for third parties. This involves ensuring active completion by third parties, escalation where necessary and monitoring of any gaps from the assessments.
• Performance Management: Establishing and monitoring key performance indicators (KPIs) and service level agreements (SLAs) for third party providers. You will actively track performance, identify deviations, and liaise with Relationship Owners to ensure they are aware of any performance issues.
• Ongoing Monitoring: Implementing continuous monitoring mechanisms to track the TPRM activities for the allocated areas.
• Exit Management: Working with Relationship Owners, develop and execute robust exit strategies for third-party relationships. This includes ensuring the secure transfer of data, the smooth transition of services, and the proper termination of contractual obligations to minimize disruption and mitigate post-termination risks.

In this dynamic and impactful role, you will provide indispensable support to the Third Party Risk Leadership team. You will achieve this by working closely with allocated business areas, acting as their primary liaison to meticulously oversee all critical services delivered by third parties. Your strong communication and collaboration skills will be essential as you work directly with both Relationship Owners within our organization and the third-party providers themselves, ensuring the timely and accurate completion of all TPRM activities. This direct engagement is vital for fostering strong relationships, resolving issues proactively, and maintaining a high level of compliance and risk mitigation across our third-party portfolio.

Qualifications

• Experience in managing overseeing or working with third party providers and have an understanding on third party risks
• Experience with maintaining and executing controls for Third Party Risk processes.
• Knowledge and experience in managing or overseeing Third Party Relationship Management
• Strong attention to detail and excellent organizational skills.
• Proficient in time and project management, able to effectively plan and coordinate your time effectively.
• Approaches challenges and collaborations in a structured and thoughtful way.
• Excellent verbal and written communication skills for engaging with stakeholders.
• Positive, "can-do" attitude with a passion for overcoming challenges and achieving goals.
• Strategic and constructive mindset that helps improve processes with a long-term vision.
• Ability to collaborate effectively with a variety of stakeholders, including leadership.
• Comfortable in a fast-paced environment, able to adjust to changing priorities.
• Capable of working independently with little supervision, while handling multiple tasks and priorities.

Additional Information

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.

Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

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