Full-Time

Consultant

Third Party Risk Management

Posted on 9/10/2024

TransUnion

TransUnion

5,001-10,000 employees

Fintech
Financial Services

Entry, Junior, Mid

Burlington, ON, Canada

Hybrid position requiring in-person attendance for a minimum of two days a week.

Category
Financial Consulting
Consulting
Required Skills
Communications
Management
PowerPoint/Keynote/Slides
Requirements
  • Experience in Third Party Risk Management or Supplier/Vendor Management in a regulated industry such as financial services.
  • Excellent communication and interpersonal skills.
  • Stakeholder management skills.
  • Well organized, able to prioritize workload in line with tight reporting deadlines.
  • Demonstrates flexibility and a ‘can do’ attitude to successfully overcome barriers and an innovative approach to problem solving.
  • Microsoft Office i.e. SharePoint, Word, Excel and PowerPoint.
  • Understanding of key regulation pertaining to Financial Services i.e. OSFI.
Responsibilities
  • Create, maintain and distribute reports for internal and external stakeholders and committees.
  • Collaborate with cross functional peers to develop and improve data and reporting.
  • Provide regular insight on Third Party/partner performance to Third Party Risk Management Lead, any key concerns or issues are highlighted and escalated accordingly.
  • Provide support and guidance to business owners on the Third Party Risk Management process and requirements, ensuring stakeholders are aware of their responsibilities and carry out their duties effectively.
  • Liaise with Third Parties and stakeholders to arrange regular review meetings (attending as required) and maintain any resultant action plans defined by relationship owners, risk, and issue logs to improve any shortfalls in performance.
  • Ensuring the Third Party Inventory is maintained, including adding new Third Parties to the inventory and working with Procurement-focused colleagues to gather an appropriate level of information as part of the onboarding process.
  • Ensure Third Party governance and risk documentation is maintained, up to date and reviewed regularly as per requirements to the highest standards (i.e. Tiering, Meeting Minutes, Exit Plans, Risk Registers etc.).
  • Create and maintain performance scorecards on Third Parties using data provided by relationship owners.
  • Manage and escalate, when appropriate, any compliance matters or issues.
  • Assess and monitor key Third Parties’ supply chain and subcontracting risks, ensuring a full subcontracting list is maintained and refreshed regularly for our key Third Parties.
  • Work with business stakeholders in remediating any audit actions and ensure clear remediation evidence is provided.
  • Work with stakeholders & Third Party Risk Lead to improve any shortfalls in adherence to the Third Party Risk Management policy & minimum standards, escalating where required.
  • Work with Third Parties, stakeholders and Third Party Risk Lead to further enhance process.
  • Ensure robust action plans in place and actions followed up with stakeholders and Third Parties where deviation in performance from a conduct, risk or compliance perspective.
  • Provide Third Party insights to the Procurement team to inform sourcing/renewal decisions.
  • Create and maintain business toolkit i.e.. policy, process, templates, guides.

Company Stage

IPO

Total Funding

$3.9M

Headquarters

Chicago, Illinois

Founded

1968

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital identity solutions supports TransUnion's investments in Truework and Bud.
  • Open banking trends create expansion opportunities for TransUnion's investment in Bud.
  • Neustar acquisition allows TransUnion to diversify applications beyond traditional credit reporting.

What critics are saying

  • Competition from ID5 challenges TransUnion's position in digital advertising identity.
  • Investment in SatSure exposes TransUnion to volatile agricultural finance risks.
  • Integration of Neustar's assets may lead to operational and cultural challenges.

What makes TransUnion unique

  • TransUnion's investment in SatSure leverages AI and satellite imagery for agricultural finance.
  • The acquisition of Neustar enhances TransUnion's data analytics capabilities beyond credit reporting.
  • TransUnion's stake in Truework strengthens its position in income and employment verification.

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