Third-Party Risk Management

Job description:

We are looking for you We are currently hiring a forward-thinking and results-oriented Third-Party Risk Management & Outsourcing Officer (f/m/d). This position is based in our Munich office and reports directly to the Head of Operational Governance.

In this role, you will be responsible for advancing the third-party risk management capabilities in alignment with the Digital Operational Resilience Act (DORA). You will operate at multiple levels within the organization, implementing a comprehensive third-party risk management framework, overseeing third-party relationships, and ensuring that all processes comply with DORA requirements, ultimately strengthening the organization's operational resilience.

Key Responsibilities:

Standard and Requirements Compliance:

• Ensure that all third-party relationships and associated processes comply with DORA and other regulatory requirements (e.g., BaFin).

• Regularly review and update TPRM and Outsourcing policies and procedures to reflect changes in regulatory requirements.

• Work closely with Group to align TPRM and Outsourcing activities with overall regulatory compliance efforts.

Monitoring and Risk Assessment:

• Lead the execution of the TPRM lifecycle for both existing and new third-party relationships.

• Establish and maintain ongoing monitoring processes to assess the performance and risk profile of third-party vendors.

• Maintain and update third-party inventories.

• Conduct regular risk assessments of third-party relationships, identifying areas of potential concern and recommending appropriate risk mitigation strategies.

Business Owner Support:

• Collaborate with business owners to support them in fulfilling their obligations under the TPRM framework throughout the entire lifecycle of third-party relationships.

• Provide guidance and expertise to business units in the selection, onboarding, and management of third-party vendors, ensuring alignment with TPRM and Outsourcing policies and procedures.

• Facilitate training and awareness programs to educate business owners on their roles and responsibilities in the TPRM process.

Cross-Functional Facilitation:

• Collaborate with Key Functions and serve as a key facilitator and strategic partner to critical functions such as Procurement, Risk Management, Legal, Data Privacy, Information Security and Compliance.

• Ensure that all third-party risk management efforts are integrated with broader organizational strategies and compliance initiatives.

84948 | Risk Management | Professional |  | Allianz Direct | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in an inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz' company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.