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Full-Time

Consultant

Third Party Risk Management

Confirmed live in the last 24 hours

TransUnion

TransUnion

5,001-10,000 employees

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

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • TransUnion's strategic investments and acquisitions position it as a forward-thinking leader in the information and insights industry.
  • The company's focus on financial inclusion and innovative technologies offers employees the opportunity to work on impactful projects that drive societal change.
  • TransUnion's global reach and diverse portfolio provide a stable and dynamic work environment with numerous growth opportunities.

What critics are saying

  • The integration of multiple acquisitions and investments could pose challenges in maintaining a cohesive corporate culture and operational efficiency.
  • The competitive landscape in the information and insights industry is intense, with major players like Equifax and Experian posing significant threats.

What makes TransUnion unique

  • TransUnion's strategic investments in diverse tech startups like SatSure and Truework highlight its commitment to leveraging cutting-edge technologies for enhanced decision-making and financial services.
  • The company's focus on financial inclusion through investments in platforms like Bud sets it apart from traditional credit reporting agencies.
  • TransUnion's acquisition of Neustar for $3.1 billion demonstrates its ambition to diversify beyond consumer credit reporting into broader data and information services.