Third Party Risk Specialist
Overview:
The European Strategic Services department has an opening for a critical role responsible for improving the resiliency of Vanguard's European business. We are looking for a Third Party Risk Analyst within the European Resilience & Governance team to support a complex team spanning our European business.
About Vanguard
Vanguard is an investment company unlike any other. It was founded by Jack Bogle in the US in 1975 on a simple but ground-breaking idea: that an investment company should handle its funds solely in the interests of its clients. Jack helped bring investing to the masses with the index fund. Index funds do not pick individual shares or bonds to beat the market. They supervise the performance of the entire market. Or as Jack put it, "Don't look for the needle in the haystack. Just buy the haystack!”. We have stood for low-cost, uncomplicated investing ever since. Over the last 45 years people have come round to our way of thinking and more than 30 million investors worldwide now trust us with their money.
Core Responsibilities
As a Third Party Risk Analyst, Specialist , you will;
1. Supports the development and maintenance of the operational risk methodology to evaluate and monitor third party risks through continuous review and application, sharing of best practices and benchmarking analysis. Drafts third party risk management policies, standards and procedures. Supports regular review of third party risk technologies and suggests improvements.
2. Serves as business partner for internal clients to implement and maintain best practices. Coordinates with internal stakeholders on third party risk initiatives. Develops training materials and facilitates training with internal clients. Supports oversight of internal partners to ensure adherence to third party risk policies.
3. Conducts initial review of third party risk assessments and escalates issues to other stakeholders as needed to address issues identified in assessment process.
4. Supports the development of third party risk metrics and reports on results to internal stakeholders. Ensures proper retention of all required documentation.
5. Under guidance of senior risk analysts, collaborates with other teams to inform and escalate risk issues and events and stay current with the risk management frameworks and local regulatory guidelines. Including the European Banking Authority outsourcing guidelines and Digital Operational Resilience Act.
6. Participates in special projects and performs other duties as assigned.(E.g. the coordinating controls reports, participating in internal compliance / audit reviews, risk champion)
Qualifications
- Minimum of five years related work experience. Risk management experience preferred.
- Undergraduate degree or equivalent combination of training and experience.
- Professional Certification (ACA, CIA, CISI, MBA) preferred.
What it takes:
- Excellent stakeholder management and interpersonal skills will be key as this role will face off to a variety of stakeholders across the business.
- Able to collaborate well with others to meet shared objectives that are aligned to business priorities.
- Proven ability to persuade and influence stakeholders at all levels of the organization.
- Ability to communicate complex concepts in a clear and understandable way.
- Good project management skills
- Willingness to learn new skills and focuses on continuously improving processes.
How We Work
Vanguard has implemented a hybrid working model for the majority of our crew members, designed to capture the benefits of enhanced flexibility while enabling in-person learning, collaboration, and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.
