Third Party Risk Manager

Brightwater have exclusively partnered with an insurance group in Dublin city centre that now requires a Third-Party Risk Manager that will report into the Head of Risk & Internal Controls. This will suit an experienced risk management professional that is looking for a step up into a management role. Responsibilities : Lead the evolution of the Vendor Risk Framework to address third party risk management, in particular regulatory requirements for Solvency II, EIOPA guidelines, CBI Guidelines on Outsourcing, Digital Operational Resilience Act (DORA). Support and challenge 1st line managers to ensure they have appropriate processes, procedures and controls in place to address third party risk throughout the lifecycle of third party contracts, e.g., facilitate business owners in assessing materiality of third party arrangements, performing initial and ongoing vendor due-diligence, identifying risks and performing risk assessments, monitoring service delivery, maintaining documentation. Secretary to the Outsourcing and Vendor Oversight Committee preparing agenda, arranging meetings, delivering insightful reporting to the Committee in association with business owners, writing minutes of Committee meetings, preparing summary reporting for the Board etc. Prepare Group and regulatory reporting, e.g., annual updates to third party registers Outsourcing Register and submission to the CBI as and when required; contribute to preparation of DORA Register of Information. Follow up on actions from Risk Mitigation Plans (RMPs), gap analysis exercises and other reviews relating to third party risk management, e.g. Internal Audit Reviews. Skills and Experience : Third Level degree In-depth understanding of Regulation as it applies to third party Risk Management, i.e. Solvency II, EIOPA guidelines, CBI Guidelines on Outsourcing, Digital Operational Resilience Act (DORA), with an ability to interpret and facilitate the implementation of regulatory requirements and guidance in a practical manner. Experience in directing internal stakeholders on third party risk management requirements; main point of contact for third party / vendor independent reviews. Proven track record in third party / vendor Risk Management in Financial Services in a regulated environment, e.g., 5+ years experience at a senior specialist or manager level Renumeration : €75,000 plus bonus, 3 days in the office per week Skills : Risk Management Risk Assessment Risk Analysis Insurance Vendor Management Benefits : Work From Home Medical Aid / Health Care Annual Bonus / 13th Cheque