Third-Party Risk Manager
Third-Party Risk Manager
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1 Vacancy
Job Description
About Us
Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the worlds financial markets.
Our expertise intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients communities and planet.
We have 4600 talented specialists on the ground in over 40 countries around the world enabling us to deliver a unique global perspective across four marketleading business divisions Global Advisory Wealth Management Asset Management and Five Arrows.
As a familycontrolled business built on relationships we place a huge emphasis on our people and finding the right colleagues to take our business forward.
Rothschild & Co is committed to an inclusive and supportive environment where different perspectives are valued. We are focused on the attraction and recruitment development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.
Rothschild & Co Procurement Department
The Group Procurement function helps the business successfully buy goods and services ensuring qualified suppliers are selected value for money is secured robust contracts are agreed and any risks are understood and mitigated.
We ensure adherence to evolving regulatory guidance and reflect the groups desire to manage third parties in a consistent manner. The teamworks alongside ThirdParty Relationship Sponsors (principal business owners) to select onboard manage and offboard third parties.
Role Overview
Rothschild & Co is seeking a dedicated and detailoriented ThirdParty Risk Manager to join our Global Procurement team. This person will work closely with business sponsors internal subject matter experts third parties and the local Finance team. They will complete our regular ThirdParty Risk Management (TPRM) processes for new engagements and recertify existing vendors. They will contribute towards Rothschild & Cos regulatory obligations regarding the use of both outsourced services and information and communication technology (ICT) third parties. This role focuses on ensuring compliance with the EUs Digital Operational Resilience Act (DORA) and EBA/FINMAs supervisory regulations.
Additionally the role involves developing and implementing strategic sourcing strategies aimed at cost reduction and consolidation. The ideal candidate should possess extensive experience and knowledge in the sourcing process particularly in key spend categories. They will be adept at negotiating terms that benefit Rothschild & Co and effectively mitigate thirdparty risks.
The role is based in Zurich with a dual reporting line to both Global Procurement and local Finance.
Responsibilities
- Support effective and efficient assurance and onboarding of new vendors and assurance of existing vendors through completion of the groups TPRMrelated processes.
- Ensure alignment between vendor assurance activities and subsequent contractual content in collaboration with Procurement Legal and Information Security and other SMEs.
- Take ownership of the groups thirdparty regulatory registers (DORA EBA/FINMA); ensure the data is accurate and maintained.
- Deploy strategies to drive cost reductions and supplier consolidation throughout the company.
- Lead sourcing initiatives develop strategies for commodities or categories provide vendor and market analysis conduct financial analysis identify sourcing alternatives develop savings methodologies engage stakeholders and assist with implementation.
- Develop RFP methodology and bidding process to ensure optimal pricing and service for the Switzerland and Germany region while supporting the broader Global Procurement team on any global initiatives.
- Monitor and review thirdparty compliance to the groups assurance activities on an ongoing basis. Identify any risks or noncompliance that could potentially impact the firm.
- Support the Global Head of Procurement in managing vendor due diligence and contract renewals for Switzerland and Germany complete internal documentation and gather necessary metrics for reporting.
- Collaborate with internal subject matter experts including IT Legal and Compliance to address thirdparty risks.
- Assist with the preparation and presentation of reports on thirdparty risk assessments and compliance status to senior management.
- Provide advice and guidance to colleagues on the full spectrum of third partyrelated matters including acting as an escalation point and helping resolve issues.
Beyond these responsibilities there will be opportunities to advance agendas of interest that we agree would benefit the Group and contribute to the Procurement teams plans to leverage the latest technologies.
Experience
The successful applicant will have at least 4 years experience in Strategic Sourcing and TPRM ideally in the financial services sector or other regulated industries. An analytical and conscientious approach to your work being comfortable with data process and systems and a high level of personal productivity are essential.
The candidate should be comfortable negotiating with third parties to comply with due diligence and assurance requirements have a service ethos and be able to flex the style depending on the experience and expectations of different stakeholders. As part of a small team it is important that the candidate is willing to work on anything thirdparty related that becomes a priority.
Qualifications
- BA/BS in business finance purchasing or related field.
- Comprehensive knowledge of relevant regulatory requirements (EBA/FINMA Outsourcing Guidelines and/or DORA)
Benefits
- Rothschild & Co is committed to safeguarding and enhancing the health and wellbeing of all its employees. To support this Rothschild & Coprovides all employees with a range of healthcare services and benefits that aim to support their overall wellbeing
- We are conducive to creating a working environment and culture where people can succeed
- We provide a variety of inhouse trainings as well as tuition assistance for further education and training courses
- Everyone can choose to incorporate agile working principles into their working week
- Over the recent months we have learned a great deal about the adaptability commitment and resilience of our people. We believe there are opportunities for all of us to enhance our working lives and outcomes by applying a more flexible approach to where and when we work and up to 40% of your work time can be performed from home.
If you are curious to learn more about us and have valuable experiences in a similar role then please submit your CV supporting documents (work certificates diploma etc.) and Cover Letter through our recruitment tool.
Required Experience:
Manager
Employment Type
Full-Time
