Third-Party Risk Management & Outsourcing Officer

Third-Party Risk Management & Outsourcing Officer

Job overview

The Third-Party Risk Management Officer is part of the Protection & Resilience function, within Allianz Partners Operations. The TPRM Officer is responsible for developing, implementing, and overseeing an effective third‑party risk management program to ensure the organization’s vendors and partners adhere to compliance standards and pose minimal risks to the business. This role involves assessing, monitoring, and mitigating risks associated with third‑party relationships.

Key responsibilities

• Conduct risk assessments for potential third‑party relationships to evaluate their impact on the organization and analyze and quantify risks associated with third‑party engagements, communicating findings to stakeholders.
• Conduct thorough due diligence on potential third‑party vendors and partners, evaluating compliance with regulatory requirements and industry best practices.
• Develop and maintain third‑party risk management policies and procedures, ensuring all third‑party relationships comply with internal and external policies.
• Review and negotiate contractual terms related to security, data protection, and compliance; work closely with legal teams to include appropriate risk mitigation clauses.
• Establish and maintain a monitoring process for ongoing assessment of third‑party risk, generating regular reports on status and presenting findings to senior management.
• Develop and implement incident response plans specific to third‑party risks, coordinating with relevant departments to address and resolve incidents.
• Provide training and awareness programs for internal stakeholders on third‑party risk management, fostering a culture of risk awareness and compliance.

Key qualifications

Bachelor’s degree in business, risk management, information technology, or a related field. Master’s degree or relevant certifications (e.g., Certified Third Party Risk Professional - CTPRP) is a plus. Proven experience in third‑party risk management, vendor management, or related roles. Strong understanding of regulatory requirements, compliance standards, and industry best practices. Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders. Analytical and problem‑solving skills with the ability to assess and quantify risks. Familiarity with contract review and negotiation processes. Knowledge of cybersecurity, data privacy, and information security concepts.

84358 | Operations | Professional | Non‑Executive | Allianz Partners | 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.

At Allianz, we stand for unity : we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.

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