Third Party Risk Management Specialist

Allianz Australia; Sydney; Hybrid; AUD 120,000 - 160,000; Full time

Benefits offered by this job

Inclusive culture

Flexible hybrid work arrangements

Career development and mentoring

Job summary

Allianz Australia is seeking a Third Party Risk Management Specialist for Customer and Operations in Sydney. The role focuses on implementing the Third-Party Risk Management lifecycle, ensuring regulatory and corporate compliance, and reporting on service provider performance and risk across MSPs and downstream entities.

You will align IT tools like SAP Ariba, ORGS, and ServiceNow with governance, deliver training, and provide governance reporting to senior management.

Qualifications

• Experience in third-party risk management, procurement, supplier governance, and related fields.
• Strong understanding of risk assessment and governance frameworks.
• Ability to use systems and data visualization tools to report on performance.

Responsibilities

• Support Third-Party Risk Management lifecycle including risk assessments, onboarding, due diligence, implementation, monitoring, and contract exit.
• Collaborate with procurement to ensure suppliers meet risk, compliance, and security standards.
• Develop mitigation strategies and maintain the TPRM governance framework.

Skills

Risk management

Procurement

Stakeholder management

Communication

Tools

ServiceNow

Coupa

Power BI

Tableau

Excel

Job description

THIRD PARTY RISK MANAGEMENT SPECIALIST – CUSTOMER AND OPERATIONS – SYDNEY

At Allianz, we’re proud to be named one of the Best Workplaces in Australia 2025 and a Great Place to Work. As a leading global insurance and asset management brand, we prioritise care for our customers, the planet, and each other. We hire the very best people to further our commitment to caring and securing the future for our customers.

We offer an inclusive workplace where everyone feels like they belong, while promoting a culture of lifelong learning, development, and global mobility. Join us and share your ideas, be inspired, give back to the community and feel proud to be a part of an organisation doing meaningful work that matters while supporting sustainability, mental health, and well-being.

Let’s care for tomorrow, so we can create a better future together, for everyone.

About The Role

The Third-Party Risk Management Specialist supports Allianz business owners in the effective implementation of the Third-Party Risk Management lifecycle, ensuring compliance with regulatory and corporate compliance. The role supports compliance and reporting of service provider performance, managing operational risk and disengagement of service providers.

• Support business owners in executing the Third-Party Risk Management (TPRM) lifecycle, including risk assessments, onboarding, due diligence, implementation, monitoring, and contract exit.
• Collaborate with business owners and procurement to ensure suppliers meet risk, compliance, and security standards, while developing mitigation strategies and maintaining the TPRM governance framework (policies, procedures, guidelines).
• Monitor and assess risks, controls, and issues for service providers, including Material Service Providers (MSPs) and downstream entities, while managing concentration risks and ensuring compliance with service agreements.
• Maintain effective governance frameworks, deliver training and awareness programs, and provide reporting to senior management and governance committees on service provider management and oversight.
• Align and integrate IT tools (e.g., SAP Ariba, ORGS, ServiceNow) with the governance framework, ensuring compliance, data management, and the development of an integrated data model to support TPRM activities.

About You

• Experience in third-party risk management, procurement, supplier governance, compliance, and related fields, with a strong understanding of risk assessment and governance frameworks.
• Skilled in using systems, software, databases, reporting tools, risk management platforms, contract management systems (e.g., ServiceNow, Coupa), and data visualization tools (e.g., Power BI, Tableau, Excel).
• Ability to manage third-party performance through the development of frameworks, KPIs, performance metrics, and actionable insights.
• Effective interpersonal and communication skills to build strong relationships with internal and external stakeholders, including procurement, compliance, legal, and business teams.
• Ability to work independently or collaboratively, managing multiple tasks and priorities efficiently while delivering effective business outcomes.
• A passion for leveraging emerging technologies to stay ahead in a rapidly evolving digital landscape.

Benefits And Perks

• Inclusive Culture: Join a supportive, open-minded team focused on customer outcomes, bringing your authentic self to work every day!
• Work-life balance: Enjoy our flexible, hybrid work arrangements, and tailored workplace adjustments, where possible.
• Career Development: Access mentoring, development and global mobility opportunities for growth and success, including access to over 10,000 learning resources.
• Financial and Well-being Perks: Enjoy discounts on Allianz products, retail, tech, and travel, plus financial wellness initiatives and the Employee Share Purchase Program- own a piece of your employer!
• For more details about our benefits, visit the Allianz Careers site.

About Allianz Group

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 matters, 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.

Adjustments and support

If you require any support and adjustments to participate equitably in our recruitment process, we encourage you to reach out to [e-mail] for a confidential conversation.

Join us. Let’s care for tomorrow. www.allianz.com.au/careers