Third-Party Specialist

Dfwsolution; Dallas (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Dfwsolution in Dallas, Texas is seeking a Third-Party Specialist to manage and assess risks associated with third-party relationships including vendors and contractors.

The role involves developing risk management strategies, conducting due diligence, and ensuring compliance with relevant regulations. Candidates should have a Bachelor's degree and 3+ years of relevant experience.

Qualifications

• 3+ years of experience in third‑party risk management.
• Strong understanding of contract law and compliance regulations.
• Ability to manage multiple vendor relationships.

Responsibilities

• Evaluate and assess the risks associated with third‑party vendors.
• Develop and implement third‑party risk management strategies.
• Conduct due diligence and regular assessments of third‑party vendors.
• Collaborate with procurement and legal teams to ensure compliance.
• Monitor third‑party performance and adherence to contracts.

Skills

Negotiation skills

Communication skills

Risk assessment

Vendor management

Education

Bachelor’s degree in Business Administration, Risk Management, or related field

Job description

Job Description

The Third-Party Specialist will be responsible for managing and assessing risks associated with third‑party relationships. This includes vendors, contractors, and other external entities.

Job Responsibilities

• Evaluate and assess the risks associated with third‑party vendors.
• Develop and implement third‑party risk management strategies.
• Conduct due diligence and regular assessments of third‑party vendors.
• Collaborate with procurement and legal teams to ensure compliance.
• Maintain an up‑to‑date register of third‑party relationships.
• Monitor third‑party performance and adherence to contracts.
• Identify and mitigate potential risks related to third‑party engagements.
• Develop and deliver training on third‑party risk management.
• Ensure third‑party vendors comply with relevant laws and regulations.
• Prepare reports on third‑party risk status and management activities.

Job Requirements

• Bachelor’s degree in Business Administration, Risk Management, or related field.
• 3+ years of experience in third‑party risk management.
• Strong understanding of contract law and compliance regulations.
• Ability to manage multiple vendor relationships.
• Excellent negotiation and communication skills.