Third-Party Risk Management & Outsourcing Officer at Allianz Global Corporate & Specialty SE

Madrid, Community of Madrid, Spain -

Full Time

Start Date

Immediate

Expiry Date

31 Jan, 26

Salary

0.0

Posted On

02 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Assessment, Due Diligence, Policy Development, Contract Review, Monitoring, Incident Response, Training, Compliance, Communication, Analytical Skills, Problem-Solving, Cybersecurity, Data Privacy, Vendor Management, Interpersonal Skills, Negotiation

Industry

Financial Services

Description

Job overview The Third-Party Risk Management Officer is part of the Protection & Resilience function, within Allianz Partners Operations. The TPRM Officer is responsible for developing, implementing, and overseeing an effective third-party risk management program to ensure the organization's vendors and partners adhere to compliance standards and pose minimal risks to the business. This role involves assessing, monitoring, and mitigating risks associated with third-party relationships. Key responsibilitie Risk Assessment: Conduct risk assessments for potential third-party relationships to evaluate their impact on the organization. Analyze and quantify risks associated with third-party engagements and communicate findings to relevant stakeholders. Due Diligence: Conduct thorough due diligence on potential third-party vendors and partners. Evaluate third-party compliance with regulatory requirements and industry best practices. Policy and Procedure Development: Develop and maintain third-party risk management policies and procedures. Ensure that all third-party relationships comply with internal and external policies. Contract Review: Review and negotiate contractual terms related to security, data protection, and compliance with third-party vendors. Work closely with legal teams to ensure contracts include appropriate risk mitigation clauses. Monitoring and Reporting: Establish and maintain a monitoring process for ongoing assessment of third-party risk. Generate regular reports on the status of third-party risk and present findings to senior management. Incident Response: Develop and implement incident response plans specific to third-party risks. Coordinate with relevant departments to address and resolve incidents related to third-party relationships. Training and Awareness: Provide training and awareness programs for internal stakeholders on third-party risk management. Foster a culture of risk awareness and compliance within the organization. Key qualifications Bachelor's degree in business, risk management, information technology, or a related field. Master's degree or relevant certifications (e.g., Certified Third Party Risk Professional - CTPRP) is a plus. Proven experience in third-party risk management, vendor management, or related roles. Strong understanding of regulatory requirements, compliance standards, and industry best practices. Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders. Analytical and problem-solving skills with the ability to assess and quantify risks. Familiarity with contract review and negotiation processes. Knowledge of cybersecurity, data privacy, and information security concepts. This job description serves as a general template and may be customized based on the specific needs and requirements of the organization 84358 | Operations | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.

Responsibilities

The Third-Party Risk Management Officer is responsible for developing and overseeing a third-party risk management program to ensure compliance and minimize risks. This includes conducting risk assessments, due diligence, and monitoring third-party relationships.