Third Party Risk Management Consultant

Job title: Third Party Risk Management Consultant

Company: Northwestern Mutual


Job description: At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.Summary:The Third Party Risk Management Consultant will support third party assessment and monitoring, managing compliance to the TPRM Program across the enterprise as well as supporting TPRM program activities such as metrics/reporting and regulation management. The Consultant will work closely with cross-functional stakeholders in order to ensure the TPRM program is operating within the framework and governance model. This role requires an understanding of risk management practices, regulatory requirements, and an ability to effectively communicate risk concepts across the enterprise.Primary Duties & Responsibilities:

• Assist in implementing the TPRM reporting strategy and manage the weekly, monthly, and annual reporting of Key Risk Indicators (KRIs) and program metrics. Generate key metrics, reports and dashboards that document the health and stability of the Third-Party Risk Management Program on a consistent basis for relevant stakeholders and Northwestern Mutual leadership.
• Stay current with Northwestern Mutual regulations and standard related to TPRM. Ensure the TPRM program is meeting regulatory requirements and industry best practices.
• Support and lead, as needed, the response to regulatory requests internally and externally.
• Manage the TPRM regulatory readiness response standard.
• Support the completion of TPRM activities on behalf of the business and other risk specialist groups to ensure coordination of efforts in a timely manner, as needed.
• Develop relationships with key stakeholders, to facilitate a partnership approach to third party risk management and program governance.
• Support the third-party onboarding process, as needed, during the sourcing event to ensure the proper risk and due diligence of a third party is conducted prior to supplier selection.
• Perform Quality Assurance (QA) on TPRM activities completed throughout the risk lifecycle.
• Assist in raising awareness of third party risk management across Northwestern Mutual.
• Support Product Management of TPRM Technology
• Support other TPRM projects. as needed.
• Provide project management support throughout the TPRM program, as needed.

Knowledge, Skills, Abilities:

• Bachelor’s degree in Risk Management, Finance, Economics, Operations, or a relevant area
• 5 years+ of broad business experience involving Third Party Risk Management, Supplier Management, Supplier Operations, Procurement, or other related functions.
• Applicable experience with Third Party Risk Management, Risk Management, and/or the proactive governance of suppliers.
• Experience in ServiceNow TPRM or equivalent technology preferred.
• Strong analytical thinking – using logic and reason to solve complex problems and make decisions in a changing environment.
• Ability to work effectively across organizational areas in a matrix environment.
• Ability to influence without authority through developed interpersonal, written, and presentation communication skills

#LI-HybridCompensation Range:Pay Range – Start: $76,650.00Pay Range – End: $142,350.00Northwestern Mutual pays on a geographic-specific salary structure and placement in the salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity as well as the cost of labor in the market; and other conditions of employment. At Northwestern Mutual, it is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case. Please note that the salary range listed in the posting is the standard pay structure. Positions in certain locations (such as California) may provide an increase on the standard pay structure based on the location. Please c lick for additional information relating to location-based pay structures.Grow your career with a best-in-class company that puts our client’s interests at the center of all we do. Get started now!We are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click for information pertaining to compensation and benefits.FIND YOUR FUTUREWe’re excited about the potential people bring to Northwestern Mutual. You can grow your career here while enjoying first-class perks, benefits, and commitment to diversity and inclusion.

• Flexible work schedules
• Concierge service
• Comprehensive benefits
• Employee resource groups

PandoLogic. Category:Finance, Keywords:Risk Analyst, Location:Milwaukee, WI-53205

Expected salary:

Location: Milwaukee, WI

Job date: Fri, 21 Mar 2025 08:31:21 GMT

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