Third Party Risk Lead

Job Description

About the Third Party Risk Lead: 

This role encompasses the strategic planning, implementation, and management of Third Party Risk, ensuring alignment with both industry standards and regulatory expectations. As the Third Party Risk Lead, you will be instrumental in developing, maintaining, and enhancing the comprehensive Third Party Risk Management (TPRM) framework and policies to align with industry best practices, regulatory requirements, and Wise's Enterprise Risk Management framework.

In this role, you will lead and execute third party assurance practices at Wise, acting as an Assurance/Audit Specialist focused on evaluating and managing the compliance and risk of our third-party providers. You will leverage deep knowledge of auditing, testing, and quality assurance to maintain and implement an assurance methodology that protects the company’s interests and ensures the integrity of third-party relationships.

Additionally, you will play a crucial role in coordinating and performing assurance reviews, offering expert guidance to senior stakeholders, and contributing to the strategic alignment of TPRM strategies with Wise’s overall risk management and business goals.

You will operate both as an individual contributor and a leader within the TPRM program, while also collaborating with the Third Party Risk team on joint initiatives.

Third Party Risk Lead duties and responsibilities:

1.Strategic Risk Management Alignment

Ensure that Third Party Assurance strategies are in sync with the organization’s overall risk management framework and strategic objectives. This entails working closely with subject matter experts from areas such as Security, Privacy, and Technology to integrate third-party risk considerations into the broader organizational risk profile and strategic planning processes.

2.Third Party Assurance Planning & Execution

Conduct comprehensive audits and assessments of third party vendors to ensure compliance with company standards, regulatory requirements, and industry best practices. Create detailed audit reports summarizing findings, risks, and remediation plans. Collaborate with third-party vendors to remediate identified risks and track progress until resolution.

3.Third Party Assurance Program Enhancement & Development

Mature and evolve the Wise’s Third Party Assurance program in alignment with strategic guidance from Wise Leadership and global regulatory expectations. Assess the complexity of program maturity and identify the needs for improvement.

4.Strategic Oversight and Improvements

Contribute to strategic oversight and continuously audit current processes to optimise third-party management processes, together with the rest of the TRPM leadership. The goal is to enhance the efficiency and effectiveness of controls, identify areas for improvement, and develop improvement plans. 

5.Compliance and Regulatory expertise

Maintain up-to-date knowledge of relevant regulations, laws, and industry standards affecting third-party assurance. Ensure the TPRM program aligns with regulatory requirements and best practices, and contributes to designing a strategic foundation for building processes and operationalizing relevant regulatory expectations.

The Third Party Risk Lead overseeing Third Party Assurance is reporting to the Global Head of Third Party Risk.

Qualifications

You are the perfect fit if you have:

• Experience with maintaining and executing controls testing, audits, or quality checks for Third Party Risk processes or providers.

• Strong attention to detail and excellent organizational skills.

• Proficient in time and project management, able to effectively plan and coordinate within the TPRM area.

• Approaches challenges and collaborations in a structured and thoughtful way.

• Excellent verbal and written communication skills for engaging with stakeholders.

• Deep understanding of third-party due diligence and why it's necessary for third-party providers.

• Awareness of different risk areas involved in Third Party Risk.

• Positive, "can-do" attitude with a passion for overcoming challenges and achieving goals.

• Strategic and constructive mindset that helps improve processes with a long-term vision.

• Ability to collaborate effectively with a variety of stakeholders, including leadership.

• Comfortable in a fast-paced environment, able to adjust to changing priorities.

• Capable of working independently with little supervision, while handling multiple tasks and priorities.

Additional Information

For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

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