What are the responsibilities and job description for the Third Party Risk Management Validation Manager - Purchasing / Procurement - Jersey City, New Jersey, United States position at Societe Generale?
Responsibilities
The Third-Party Risk Management (TPRM) Program provides risk review and challenge over the third-party management lifecycle which includes planning, due diligence, contract management, ongoing monitoring, and termination of third-party relationships.
As a senior member of the team, the TPR Validation Manager is a critical role in the TPRM framework. The role is responsible for the review and challenge of all aspects surrounding the third-party engagement for the procurement of products and services and the ongoing monitoring of both the third parties themselves as well as the control environment surrounding the delivery of the services. The responsibility includes final approval on behalf of new vendor engagements as well as the proper oversight, and the certification of same, over the ongoing monitoring activities of existing engagements.
In that capacity, the TPR VM plays a critical role in the risk oversight chain of control and allows the framework to be in compliance with regulatory guidance and to be on par with market practices. The role will interact and coordinate with all levels of management both locally, throughout the Americas as well as globally as the scope of the department expands both in terms of subject and geographic coverage.
MAIN ACCOUNTABILITIES
Responsibilities include but not limited to :
- Analysis of new engagements, and, following formal delegation, approval of assigned engagement classes which clears the way for contract execution
- Ensuring that the necessary due diligence is conducted on both new and existing engagements
- Review documentation and provide analysis and recommendations to the management team
- Provide review and challenge over the associated Subject Matter Expert due diligence surrounding engagements
- Identification of weaknesses in the control environment surrounding engagements or due diligence
- Participate in onsite inspection of vendor sites as required
- Monitor issues identified by the framwork's workflow
- Monitor and advance remediation plans emerging in response to issues identified
- Work with the workflow and reporting staff to ensure that bottlenecks are mitigated and issues are well escalated.
- Escalate risks to the department head
- Facilitate review and challenge sessions with the business areas and the SME areas
- Contribute to committee meeting and other venue presentation material as required
- Participate in the TPRM technology solution workflow
- Ensure proper documentation is obtained and analyzed for engagement, with an emphasis on critical engagements.
- Identify and collaborate with internal groups with outsourcing and vendor oversight responsibilities to reduce duplication of effort and ensure overall compliance with the program.
- Other duties as requested by management
Profile required
COMPETENCIES
Required :
TECHNICAL SKILLS
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Desired :
PRIOR WORK EXPERIENCE
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EDUCATION
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LANGUAGE
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Why join usBusiness insight
OUR CULTURE :
At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate.
For more information about our Culture and Conduct initiatives, please visit this link (https : / / americas.societegenerale.com / en / careers / get-know-culture / )
D&I :
Our Diversity & Inclusion Mission : Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.
Our Diversity & Inclusion Vision :
For more information about our D&I initiatives, please visit this link (https : / / americas.societegenerale.com / en / societe-generale-about / diversity-and-inclusion / )
HYBRID WORK ENVIRONMENT :
For most positions, Societe Generale offers a hybrid work arrangement that offers employees the flexibility to work remotely, as well as on-site, in order to promote interaction and collaboration with colleagues while adhering to all SG standard protocols. Hybrid work arrangements vary based on business area. The applicable Business lines will determine and communicate the work arrangements that best meet their business needs.
COMPENSATION & SALARY RANGE :
Base salary range does not include overtime pay, bonus and / or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, Medical / Dental / Vision, and other benefits for fertility, wellness, student loans and commuters.
