Full-Time
Third Party Security Assessment Manager
Posted on 7/3/2025
Tranzact
1,001-5,000 employees
Insurance marketplace with analytics and agents
No salary listed
Mumbai, Maharashtra, India
Hybrid
Hybrid working arrangement.
 IT & Security (1) |
|---|
- Degree in a relevant Business or Information Technology area
- Third Party information security risk management (Advance)
- ITGC Controls (Advance)
- Contract reviews (Intermediate)
- Supplier information security assessment (Advance)
- IS Governance and Compliance (Advance)
- Information Security specific qualification (such as CISM, CISSP) (Advance)
- Security and Privacy regulations (Advance)
- Security Operations – Technical (Intermediate)
- SOC2 reports and other security assessment report reviews (Intermediate)
- Leading the function in support of 3rd party information security risk management and assessments
- Managing the full lifecycle of third-party assessments and meeting mandatory requirements across standards
- Leading the implementation of capability to enable understanding of external information security posture for key suppliers in correlation of services we consume
- Leading information security 3rd party risk management processes in alignment to established practices
- Maintain overall assessment process and improvements
- Manage team of 3rd party information security assessors; run regular sessions with your team to quality review third parties security risk and ensure appropriate processes followed to gain remediation plans
- Ensure full review of security gaps, risk and potential exposures are identified
- Manage escalations of third parties risk for acceptance and/ or decisions
- Create consistent and accurate data reporting to identify trends and emerging risks across third parties and business segments
- Develop strong relationships with key influencers across business, technology and third parties
- Drive recommendation for updates to the third party standard and controls
- Support development of change activities and programs to be planned to close security gaps
- Manage any regulatory, audit and other mandatory requirements pertaining to supplier information security
Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$632.4M
Headquarters
Fort Lee, New Jersey
Founded
1997
Simplify's Take
What believers are saying
- GTCR acquisition at $632.4 million enables tech scaling under existing management.
- Recognize's digital investment boosts TRANZACT's marketing and analytics.
- Data-driven personalization deepens reach in Medicare Advantage markets.
What critics are saying
- GTCR's debt financing burdens TRANZACT with high interest payments now.
- Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
- NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.
What makes Tranzact unique
- TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
- Tandem by TRANZACT extends member engagement directly to carriers.
- TRANZACT manages over one million active Medicare and life policies.
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Benefits
Hybrid Work Options
Flexible Work Hours
Company News
WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.
Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...