Sr. Third Party Risk Management Specialist at Liberty Mutual Insurance

Boston, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Jun, 26

Salary

174000.0

Posted On

15 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Third Party Risk Management, Risk Analysis, Monitoring, Reporting, Incident Management, Policy Development, Training, Stakeholder Support, Cybersecurity, Privacy, Operational Resilience, Risk Acceptance, Risk Thresholds, Analytical Skills, Communication Skills

Industry

Insurance

Description

Description Candidates who live within 50 miles of Boston, MA; Portsmouth, NH; Seattle, WA; Indianapolis, IN; Columbus, OH; or Plano, TX will follow a hybrid schedule, coming into the office two days per week. Otherwise, this role is remote. Join Liberty Mutual’s Third Party Risk Management team supporting global risk management practices throughout the third party lifecycle. The Senior Third Party Risk Management (TPRM) Specialist role will be responsible for assessing, monitoring, and managing risks associated with global third-party relationships to ensure compliance with internal policies, standards, and regulatory requirements. The ideal candidate will have a strong understanding of operational and TPRM practices and excellent analytical, reporting and communication skills. This role will include closely supporting senior business owners, Cybersecurity, Privacy, Compliance, Operational Resilience and international Risk Officers as well as helping the Global Head of TPRM with shaping enterprise-level risk reporting and other global governance practices. Additionally, the candidate should have prior experience working in a global TPRM program with demonstrated proficiency in subcontractor/4th party risk assessment and analysis, management of third-party risk issues and trending and is knowledgeable of enterprise risk management and/or global TPRM principles. Responsibilities Due Diligence and Risk Analysis: Evaluates potential 4th and nth party risks, including analyzing concentration, as well as partnering with operational risk, cyber security and resiliency teams regarding third party related issues and events. Monitoring and Reporting: Supports the Global Head of Third Party Risk by preparing regular metrics and other risk reports for committees, management and risk experts (e.g., aggregate KPIs, ERIs and other risk metrics through reporting and dashboards) and oversees completion of business on-going risk management activities and reports on instances of non-compliance or other areas of concern. Incident Management: Facilitates issue escalation and risk acceptance processes to ensure appropriate stakeholders and executives across the enterprise are involved based on defined risk thresholds. Policy Development: Contributes to the development and refinement of the organization's TPRM policies and procedures, ensuring alignment with industry best practices and regulatory requirements and partners with the Global Head of Third Party Risk to perform program maturity analysis to help inform strategic direction of program. Training and Awareness: Maintains training documentation for the business, provides support to internal stakeholders and manages the creation, updates to, and testing of program procedures. Support Stakeholders: Leads strategic business partner and risk expert meetings, provides stakeholder guidance throughout escalations and risk acceptance processes, and provides support and advisement to program team and assists in the resolution and management of complex stakeholder engagements. Qualifications Bachelor’s Degree or equivalent work experience. 6+ years of experience in Third Party Risk Management, Operational Risk, Audit, or related field. Professional certification in TPRM strongly preferred - e.g., Certified Third-Party Risk Professional Certification (CTPRP), Certified Third-party Risk Assessor (CTPRA), Certified Third-party Risk Management Professional (C3PRMP). Advanced knowledge of third party risk principles and best practices in these risk areas: Information Security, Privacy, Business Continuity, Disaster Recovery, Resilience and relevant regulatory frameworks (e.g., GDPR, NIST, DORA). Risk assessment and risk analytics skills required. Audit background, including familiarity with SOC I (SSAE16) and SOC II, ISO 27001, etc. preferred. Detail oriented with strong organizational and reporting skills. Ability to independently manage and prioritize work as well as work independently and as part of a team. Good judgment and strong analytical and problem-solving skills. Excellent oral and written communication skills. Knowledge of insurance or financial industry preferred. Proficiency in risk management software, Microsoft Office Suite (Excel, PowerPoint, Word, Copilot) required. About Us Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role. At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve. We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law. Fair Chance Notices California Los Angeles Incorporated Los Angeles Unincorporated Philadelphia San Francisco

Responsibilities

The specialist will be responsible for assessing, monitoring, and managing risks associated with global third-party relationships to ensure compliance with internal policies and regulatory requirements. This includes supporting senior business owners, preparing enterprise-level risk reporting, and managing subcontractor/4th party risk assessments.