What are the responsibilities and job description for the Senior Third-Party Risk Management Specialist position at Texas Mutual?
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Texas Mutual is deeply committed to creating and maintaining an environment of mutual respect and is proud to be an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to age, race, color, national origin, religion, sex, gender identity, sexual orientation, genetic information, veteran status, or any other basis protected by local, state, or federal law.
About this Position
At Texas Mutual, we're on a mission to build a stronger, safer Texas. As the largest workers' compensation provider in Texas, we help injured workers return to a productive life, give businesses the tools to thrive, invest in our communities, and empower our employees to do their best work. The Risk Office supports that goal by identifying, assessing, and evaluating risks and opportunities and mitigating risks that may significantly affect the company's ability to achieve its strategic objectives. This hybrid position is based at our corporate headquarters in Austin, Texas.
As a Senior Third-Party Risk Management Specialist, you'll play a vital role in our Business Resilience department in Enterprise Risk Management. In this role, you'll lead our third-party risk management program, collaborating closely with the vendor management program to support the company's strategic goals while mitigating the risks of third-party partnerships. You will also collaborate with stakeholders across the company to develop innovative risk assessment strategies, mitigate potential risks, and drive continuous improvement in our vendor risk management processes. You should have experience with telling the story of risk : helping vendor relationship owners and leadership develop a full-picture of a vendor's risk profile. Having experience developing and refining TPRM software platforms is the plus! This role is perfect for a driven professional who excels in analytical thinking, cross-functional collaboration, and strategic problem-solving.
Responsibilities & Qualifications
In this role you will :
- Develop, refine, and maintain third-party risk management procedures
- Collaborate with and educate departments on third-party risk assessment processes, results, and their potential impact on operations, promoting a deeper understanding of vendor relationships and associated risks
- Conduct and or oversee comprehensive risk assessments for our third-party products and services, including the assessment of financial, business continuity, information security, and technology risks
- Analyze vendor responses and documentation to identify potential risks
- Implement and manage ongoing monitoring processes for vendor performance and risk profiles
- Conduct periodic re-assessments of key vendors
- Prepare regular reports and analysis on vendor risk status for management and committees
- Communicate risk recommendations to partners across the organization
- Coordinate with Legal team to capture and report on contractual risks for third parties
- Work with IT and Information Security teams to address specific risk areas
- Maintain accurate and up-to-date records of all vendor risk management activities and outcomes
- Implement opportunities for improvement of the third-party risk management program based on industry best practices and company policies
- Use and maintain third-party risk management software or tools, supporting the selection and implementation of new risk management technologies
Required qualifications :
Preferred qualifications :
Texas Mutual Pay Transparency
The base pay range is based on the market evaluation of the job and may include pay for multiple levels. Individual base pay within the range is determined by a variety of factors, including experience, performance, education, and demonstration of skills and competencies required for each role. Your recruiter can discuss the full value of our total compensation package with you, including our generous bonus plans and flex-hybrid work model.
Base Pay Range : $99,985.50 - $123,511.50 Per Year
Flex-Hybrid Work Environment :
Texas Mutual's flex-hybrid schedule allows you to bring your best self to work by working remotely and collaborating in the office based on business needs. All Texas Mutual employees are required to have Texas residency and travel to their designated office as needed.
Our Benefits :
Salary : $99,986 - $123,512
