Third Party Risk Management Junior Specialist (m/f/d)

Allianz; Barcelona; Hybrid; EUR 42,000 - 62,000; Full time

Benefits offered by this job

Hybrid work model

Company bonus scheme

Pension

Employee shares program

Job summary

Allianz Services in Barcelona is building a Third Party Risk Management (TPRM) team to support the TPRM lifecycle as a service to Allianz Operational Entities. The role involves handling outsourcing risk, vendor management, and cross-functional governance with a global team.

The successful candidate will join a hybrid workplace with opportunities for international exposure, rigorous risk assessments, and collaboration across Risk, Legal, and Security teams. English fluency is required.

Qualifications

• 1 year of professional experience in risk management: operational, IT, project, outsourcing/vendor risk, or business risk.
• Experience in Third-Party Risk Management / Outsourcing Management or Procurement would be a plus.
• Fluent in English, both written and spoken.

Responsibilities

• Serve as a point of contact within the delivery center for risk queries, support, and guidance.
• Oversee the implementation of the AZ Outsourcing & Third-Party Risk Management Policy across assigned entities.
• Perform TPRM/Outsourcing assessments with alignment to Risk, Data Privacy, Legal, and Security.
• Contribute to internal and external audits regarding Third Party Risk Management.
• Prepare Third Party Vendor management reports/dashboards and report to senior management.
• Ensure the TPRM/outsourcing inventory and key documents are maintained and up-to-date.
• Plan and facilitate Risk and Control Assessments (RCA) for TPRM Service Providers across the lifecycle; own governance controls.
• Manage QA over third-party RCA, control documentation, and testing results.

Skills

Risk management

TPRM / Outsourcing

Vendor management

Procurement

MS Office

English fluency

Stakeholder management

Education

University degree in Engineering/Legal/Business/Economics

Tools

ORGS/Open Pages

ServiceNow

Job description

About Us / Who you will join:

130 years of trust, time to shape what's next. Allianz Group is one of the world's leading insurers and asset managers - built on over a century of stability, expertise, and financial strength. Allianz Services is where that legacy meets the future. 8,200+ people. Eight countries. Three continents. We deliver specialized services to clients within Allianz Group, powered by AI, advanced analytics, and a mindset that refuses to stand still. From core insurance operations to engineering and consulting services, we reimagine how insurance works. What truly sets us apart are our people and the trusted partnerships we build, anchored in our values of expertise, integrity, and empowerment. We don't support the business. We shape it.

Role Overview:

Third Party Risk Management (TPRM) is a critical component of our Digital Resilience efforts. Developed through joint efforts among various Allianz entities, with Barcelona playing a crucial role, the TPRM framework is particularly guided by the Digital Operational Resilience Act (DORA).

We are building a TPRM team in Barcelona responsible for offering, delivering, and managing the TPRM lifecycle as a service to Allianz Operational Entities. In doing so, we are looking for candidates with relevant experience in Outsourcing or TPRM, although other related experiences (i.e., ICT Security, Contract Management, ERM) may also be considered.)

Key responsibilities / You will get to:

• Serve as a point of contact within the delivery center for risk queries, support, and guidance.
• Cover specific risk domains and ensure up-to-date and effective support.
• Manage and oversee the efficient and effective implementation of the AZ Outsourcing & Third-Party Risk Management Policy across assigned entities within AZ Group.
• Perform TPRM/Outsourcing assessments, including alignment with Risk, Data Privacy, Legal, and Security.
• Contribute to and follow up on internal and external audits regarding Third Party Risk Management.
• Prepare Third Party Vendor management-related reports/dashboards and report to senior management.
• Ensure the TPRM/outsourcing inventory of all third-party/outsourcing agreements and key supporting documentation of the TPRM/outsourcing process (e.g., Risk Assessment, Business Plan, Due Diligence, BoM approvals) is managed and adequately in place.
• Plan and facilitate the completion of all Risk and Control Assessments (RCA) for TPRM Service Providers across the TPRM / Outsourcing Lifecycle; own the System of Governance control for the TPRM/Outsourcing Function.
• Manage the Quality Assurance process over third-party RCA, control documentation, and testing results; ensure adequate reporting.

Key requirements / What we hope you bring:

• 1 year of professional experience in different areas of risk management: operational risk, IT risk, project risk, outsourcing/vendor risk, business risk.
• Relevant experience in Third-Party Risk Management / Outsourcing Management, Contact Management Vendor Management or Procurement would be a great plus.
• University degree in Engineering, Legal, Business, Economics, or similar fields required.
• Fluent in English, both written and spoken.
• Be able to adapt to change and to manage goals in hypothetic situations with unclear formal structure.
• Proactive initiative to perform research and find solutions/recommendations to issues or problems.
• Ability to develop and execute plans to deliver quality results on time.
• Team player with the ability to work individually and in virtual international teams, share information, and support colleagues; international experience is a plus.
• Enthusiastic, self-motivated, effective under pressure, and open to new learning opportunities.
• Strong communication and conflict management skills.
• Proven ability to work with multiple stakeholders across functional groups.
• Advanced skills in MS Office (especially Excel and Power Point); knowledge of ORGS/Open Pages, ServiceNow is a plus.

What we offer:

• We offer a hybrid work model which recognizes the value of striking a balance between in-person collaboration and remote working incl. up to 25 days per year working from abroad
• We believe in rewarding performance and our compensation and benefits package includes a company bonus scheme, pension, employee shares program and multiple employee discounts (details vary by location)
• From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered
• Flexible working, health and wellbeing offers (including healthcare and parental leave benefits) support to balance family and career and help our people return from career breaks with experience that nothing else can teach

We highly welcome candidates with a genuine interest and affinity for Information Technology (IT) and Generative Artificial Intelligence (GenAI), as these attributes are considered valuable assets to our team.

107952 | Risk Management | Entry Level | Allianz Services | Full-Time | Permanent

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.

We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for 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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural Internal background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow