Third Party Risk Management – Tprm – Manager

Third Party Risk Management – Tprm – Manager

Requirements

• Bachelor’s Degree in Supply Chain/Procurement, Business, or Management required and 6+ years’ experience in a sourcing, procurement or supply chain. Biotech / Pharmaceutical experience preferred OR
• Masters degree in Supply Chain/Operations or MBA preferred and 4+ years of similar experience noted above
• ISM, APICS or Lean certifications a plus
• Customer-focused with risk assessment, analytical problem solving and training skills.
• Ability to multi-task, and work at a fast pace with a high degree of accuracy. Comfortable dealing with ambiguity.
• Continuous improvement mindset to develop new processes or enhance existing ones.
• Demonstrated organizational, time and project management skills.
• Ability to work independently and accomplish goals with minimal supervision.
• Able to effectively communicate data-driven results and recommendations to senior leaders of all functions at all levels within the company
• Ability to network with key contacts outside own area of expertise
• Requires understanding of how the team / work area relates to other related areas and uses that knowledge to improve efficiency and produce high-quality work on problems with cross-functional impact in respect to TPRM
• Identifies and resolves technical, operational and organizational problems/problems relating to TPRM process and associated systems.
• Frequently works cross-functionally as the representative for TPRM process and associated systems.
• Experience in TPRM and the identification and management of operational risk
• Experience in category management principles, supplier relationship management and negotiation skills
• Advanced computer skills in Word, Excel, PowerPoint and AI
• ERP System expertise with Coupa, Agiloft and PowerBI experience a plus.
• Understanding of data analysis

Responsibilities

• Implements and oversees the process to conduct comprehensive risk assessments of third parties
• Implements and oversees the process to proactively identify and mitigate third party-related risks
• Analyze data to identify risks and trends, providing oversight and guidance during risk assessment and reporting
• Develop, implement, and maintain the TPRM framework, policies, and procedures
• Oversee the end-to-end risk assessment process and manage business relationships across the company as it relates to TPRM
• Ensure compliance with internal policies, regulatory requirements, and industry best practices
• Build strong partnerships with key stakeholders to influence and strategically manage the TPRM process
• Collaborate with cross-functional teams, including business units, subject matter experts, and internal risk groups
• Provide risk consulting in terms of risk assessment and effective challenge to multiple business areas
• Communicate risk assessment results with third parties and track mitigation efforts
• Manage on-boarding and off-boarding of third parties
• Provide risk related inputs for development of category strategies
• Conduct periodic third-party business reviews and maintain awareness of the external marketplace
• Oversee due diligence process for high and critical risk vendors
• Synthesize risk and performance-related data into holistic assessments of assigned third parties
• Prepare standard and ad-hoc reporting for TPRM and Enterprise Risk Management committees leveraging the current reporting capabilities in Audit Board
• Communicate effectively with senior management and the Audit Committee on TPRM activities
• Stay current on industry trends, best practices, and regulatory requirements related to TPRM
• Identify and pursue opportunities to enhance TPRM processes and introduce innovative approaches
• Lead continuous improvement initiatives and identify efficiencies related to TPRM and supplier management
• Develop and maintain KPI’s where applicable in conjunction with the Sourcing team
• Lead or participate in supplier relationship management activities in conjunction with the Sourcing team
• Manage other procurement or sourcing team members, if necessary, on specific projects
• Other duties as assigned

Preferred Qualifications

• Biotech / Pharmaceutical experience preferred
• Masters degree in Supply Chain/Operations or MBA preferred
• ISM, APICS or Lean certifications a plus
• ERP System expertise with Coupa, Agiloft and PowerBI experience a plus