Fortitude Reinsurance Company Ltd. (Fortitude Re) is one of the world’s leading providers of legacy reinsurance solutions. They work with the world’s leading insurance companies to help them execute comprehensive, transformational solutions for legacy Life & Annuity and P&C lines. Fortitude Re manages a general account of approximately $55 billion across life, annuity, and property & casualty insurance products. The company takes a long-term view on growth and is proud to be backed by a consortium of sophisticated institutional investors led by The Carlyle Group and T&D Insurance Group. Incorporated under the laws of Bermuda on January 1, 2017, Fortitude Re’s roots in the insurance industry and the experience of their leadership go back many decades. Fortitude Re’s leadership team has an average industry tenure of over 20 years, and an impressive track record of successfully managing the most complex legacy liabilities. Their deep insurance experience and proprietary risk modeling capabilities allow them to structure bespoke transactions that benefit both insurance companies and their policyholders. Fortitude Re continues to strengthen its ability to pursue further growth and provide innovative solutions for the global insurance industry. Click here for more information about Fortitude Re.
The Senior Associate, Third Party Risk Management, is a “first line” review function that provides support structure to our internal and external business partners and Vendor Management in line with regulatory expectations. Responsible for managing due diligence that is required for on-boarding, reassessment of risk as well as ongoing performance monitoring of the vendor inventory. This role will conduct and publish monthly vendor scorecards and periodic due diligence and risk assessment reports of third parties. The primary goal of this role is to ensure adherence to company policies/standards and are compliant with established performance expectations and contractual terms, regulatory guidelines and industry best practices.
What You Will Do:

• Risk Assessment and Due Diligence:
• Conceptualize and enable continuous refinement of TPRM Governance and Framework
• Conduct comprehensive due-diligence and risk assessments of potential third-party. vendors before entering into any business relationships.
• Perform periodic due diligence to evaluate the financial stability, compliance practices, and overall reliability of third-party vendors.
• Assist with ensuring that the contracts align with organization standards and also include appropriate language related to security, privacy, and compliance requirements.
• Strategic Initiatives Support:
• Support ongoing strategic initiatives to help optimize overall Third Pary Vendor Management function.
• Conduct periodic assessments to identify improvement opportunities and lead initiatives to operationalize process improvement opportunities.
• Compliance Monitoring:
• Conduct periodic monitoring to ensure that third-party relationships comply with relevant laws, regulations industry and company standards.
• Lead regular audits to verify ongoing compliance.
• Monitoring and Reporting:
• Perform ongoing monitoring processes to track the performance and risk profile of third parties.
• Generate regular reports for management to provide insights into key risk indicators and mitigation strategies as well as the overall status of third-party relationships.
• Communication and Training:
• Assist in providing training and awareness programs to effectively communicate risk assessments and mitigation strategies to internal stakeholders, senior management and well as third-party vendors.
• Vendor Relationship Management:
• Enable positive and collaborative relationships with third-party vendors and ensure that vendor performance aligns with the organization's objectives and compliance needs.

What You Will Have:

• Bachelor's degree in Business, Information Technology, Risk Management, or related field. Advanced degree or relevant certifications is a plus.
• 5 years’ experience in Third Party Risk Management/Vendor Management.
• Familiarity with Third Part Risk Management and Assessment methodologies, framework and tools.
• Experience in developing, implementing, and optimizing third-party risk management programs.
• Insurance / Reinsurance Industry knowledge is preferred.
• Proven experience in risk management, compliance, or information security, with a focus on third-party risk.
• Strong understanding of relevant laws, regulations, and industry standards.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work collaboratively with cross-functional teams.
• Strong customer facing skills, ability to influence and motivate internal/externals teams and vendor partners.
• Ability to work independently and in a team environment.
• Ability to understand processes in a larger context to look for improvements and efficiencies.

The base salary range for this role is listed below and will be commensurate with candidate experience. Pay ranges for candidates may differ based on the cost of labor in that location. In addition to base salary, all employees are eligible for an annual bonus based on company and individual performance as well as a generous benefits package.
Base Salary Range
$90,000 — $125,000 USD
What We Offer:We offer competitive benefits in a fast-paced, dynamic and nimble culture including:

• Unlimited PTO policy
• Up to 12 paid company holidays
• Up to 16 hours per year of paid volunteer time
• Competitive 401(k) plan - US Employees Only
• Paid parental leave
• Learning and Development Stipend
• Mental Health and Wellbeing support
• Health, vision, dental, and life insurance with additional access to health and wellness programs
• Flexible working environment
• Actuarial Exam Support through our Actuarial Development Program (ADP) for Actuarial employees
• Actuarial Program Rotation for ADP employees
• For all Actuarial Life AVP and above roles not based out of our Nashville, TN office: 30% travel is required to our Nashville, TN office

At Fortitude Re, we believe that diversity and inclusion are critical to our future and our mission- creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.
We are committed to being an equal opportunity employer and evaluate qualified applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, diversity of thought and any other characteristic protected by applicable law.
To all recruitment agencies : Unless you have been requested to work on this position, or other positions with Fortitude Re, please do not forward any resumes to Fortitude Re employees. Fortitude Re is not responsible for any fees related to unsolicited resumes.
Check us out on YouTube: About Fortitude Re (youtube.com)
By submitting your application, you agree that Fortitude Re may collect your personal data for recruiting purposes.