What are the responsibilities and job description for the Due Diligence Specialist/ Third Party Risk Analyst position at FUSTIS LLC?
Job Role: Due Diligence Specialist/ Third Party Risk Analyst
Location: Chicago, IL/ Tempe, AZ (Hybrid Onsite)
Pay Rate: $65-$70/hr. on C2C/1099
Acceptable Work Authorization: No Sponsorship Consultants
The client's chief procurement Officer's team for Third Party Management (TPMO) is responsible for design and execution of the Third Party Risk management program in line with regulatory expectations, The client's Third Party Risk Management policy and Third Party Practice Standard
This role reports to the Due Diligence and Issue Management Lead and performs as the Due Diligence Specialist within the TPMO which is the first line of defense for 3rd party risk. Primarily you will work closely with the assigned business units and outsourced due diligence team and will mainly be responsible for execution of the program as per the Third Party Standard
This role holder will be an expert in Third Party Risk management and would be well versed in execution aspect of the program related to the entire life cycle of third party engagements. This is a central role interacting with business units, 2 nd line of defense, or other team leads and offshore quality control team.
Major duties
- Responsible for tracking and assisting with programs throughout including various life cycle elements planning IQR's DQ's ongoing monitoring contracting and termination periodic inventory review open issues and open risk acceptance review and tracking of all internal projects
- Accountable for assisting in guiding business partners through the various stages of third party lifecycle to ensure quality program execution
- Responsible for consistent status meetings with Business Unit Leads and partners, handling escalations, coordinating special requests, and resolution of identified issues
- Identification and escalation of program concerns, missed SLA's and risk treatment delays
Key knowledge skills
- Leadership and organizational skills. Ability to influence activities across multiple teams and across business units
- Outstanding writing communication and presentation skills
- Sound analytical and problem-solving skills
- Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding
Experience
- Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
- A thorough understanding of third party (i.e., vendor, supplier, etc.) risk management
- Understanding of global risk regulatory requirements through with emphasis on US (OCC bulletins, FDIC, FBR, FDIC) or UK (PRA, FCA)
- A TPRM related certification such as CTPRP or CTPRA
Salary : $65 - $70
