Third Party Risk Management Specialist - Remote

501 CSAA Insurance Services, Inc.; Town of Texas (WI); Remote; USD 80,000 - 110,000; Full time

Job summary

A leading company in the insurance sector is seeking a Third Party Risk Management Specialist to conduct comprehensive risk assessments of suppliers and develop mitigation strategies. The ideal candidate will have at least three years of relevant experience and a Bachelor’s degree, contributing to improved risk management and regulatory compliance in a supportive team environment.

Benefits

Total compensation package

Performance bonus

401(k) with company match

Qualifications

• 3+ years of experience in Third Party Risk Management or related function.
• Self-directed and able to work independently.
• Experience in procurement or property casualty insurance industry is a plus.

Responsibilities

• Conduct risk assessments of third-party relationships.
• Perform due diligence on suppliers to meet standards.
• Develop and implement risk mitigation strategies.

Skills

Communication skills

Organizational skills

Relationship building

Knowledge of third-party risk management

Understanding of legal requirements

Education

Bachelor’s degree or equivalent

Tools

Coupa Risk Assess

Archer

ServiceNow

Job description

CSAA Insurance Group (CSAA IG), a AAA insurer, is one of the top personal lines’ property and casualty insurance groups in the U.S. Our employees proudly live our core beliefs and fulfill our enduring purpose to help members prevent, prepare for, and recover from life's uncertainties, and we're proud of the culture we create together. As we commit to progress over perfection, we recognize that every day is an opportunity to be innovative and adaptable. At CSAA IG, we hire good people for a brighter tomorrow. We are actively hiring for a Third Party Risk Management Specialist. Join us and support CSAA IG in achieving our goals.

Your Role :

Third Party Risk Management Specialist is responsible for assessing the risk introduced by the nature of the relationship established with our suppliers, and the effectiveness of the suppliers’ controls to mitigate that risk to CSAA tolerance. The specialist level will perform evaluations using established processes and criteria. The specialist’s objectives include supporting a reduction in the third-party vendor risk portfolio, improved risk management and better risk outcomes for the enterprise.

Your Work :

Risk Assessment : Conduct comprehensive risk assessments of third-party relationships to identify and evaluate potential risks across multiple risk domains.

Due Diligence : Perform due diligence on third-party suppliers to ensure they meet the organization's standards and regulatory requirements.

Risk Mitigation : Develop and implement risk mitigation strategies and controls to minimize the organization's exposure to third-party risks.

Contract Review : Collaborate with Legal and Procurement teams to ensure appropriate risk mitigation provisions are included in the contract language.

Reporting and Communication : Prepare and present reports on third-party risk management activities to senior management and relevant stakeholders. Communicate findings, recommendations, and risk mitigation strategies effectively to ensure awareness and understanding across the organization.

Regulatory Compliance : Stay updated on relevant laws, regulations, and industry best practices related to third-party risk management. Ensure the organization's compliance with applicable regulations and proactively address any changes or updates.

Training and Awareness : Develop and deliver training programs to educate employees on third-party risk management policies, procedures, and best practices. Foster a culture of risk awareness and accountability throughout the organization.

Support efforts with senior executives, inside and outside the organization, to adopt a more rigorous risk posture and drive third-party vendor risk management and portfolio reduction.

Required Experience, Education and Skills

3 + years’ experience in Third Party Risk Management or a related function.

Bachelor’s degree or equivalent in related areas.

Self-directed, able to work independently, as well as within a team.

Communication skills and relationship building with internal business partners.

Organizational skills to manage a high volume of simultaneous assessments.

Knowledge of and experience with third-party risk management governance, policies, and organizational structures.

Understanding of the relevant legal and compliance requirements.

What would make us excited about you?

Experience or education in information security, cyber security, IT architecture, business continuity, legal, enterprise risk management, or other relevant risk domain.

Experience in or knowledge of procurement function.

Experience in the property casualty insurance industry.

Familiarity with Coupa Risk Assess, Archer, ServiceNow or similar platform

Actively shapes our company culture (e.g., supporting employee resource groups, mentoring employees, volunteering, joining cross-functional projects).

Champions our cultural norms (e.g., willing to have cameras when it matters : helping onboard new team members, building relationships, etc.).

Demonstrates a company ownership mindset, thinking beyond boundaries of their own area.

Travels as needed for role, including divisional / team meetings and other in-person meetings.

Fulfills business needs, which may include investing extra time, helping other teams, etc.

At CSAA IG, we’re proudly devoted to protecting our customers, our employees, our communities, and the world at large. We are on a climate journey to continue to do better for our people, our business, and our planet. Taking bold action and leading by example. We are citizens for a changing world, and we continually change to meet it.

BELIEVE in a mission focused on building a community of service, rooted in inclusion and belonging.

COMMIT to being there for our customers and employees.

CREATE a sense of purpose that serves the greater good through innovation.

Recognition : We offer a total compensation package, performance bonus, 401(k) with a company match, and so much more!

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Third Party Risk Management Specialist • Texas, United States