Senior Manager,/Associate Director Third Party Risk Management, Extended Enterprise
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Job description
Senior Manager/Associate Director Third Party Risk Management, Extended Enterprise
Connect to your Industry
In a world that is constantly changing, organisations need to adapt quickly to respond to new risks and take advantage of new opportunities. The Extended Enterprise (EE) practice focuses on helping our clients manage risks related to organisations that it interacts with outside of its own legal entities.
The Extended Enterprise capability sits across its Technology and Transformation practice-w e perform a huge variety of projects helping our clients with their third-party relationships. Our services typically involve developing and implementing TPRM frameworks, policies, procedures, and governance models for our clients that align with industry best practices and regulatory requirements. This may involve conducting assessments of our client's TPRM programme and providing insight, guidance and support to improve their third-party processes, technology platforms and operating models across the entire third-party lifecycle. Our engagements assist our clients to build sustainability, integrity and resilience into their supply chain operations. We also help clients enhance their TPRM programmes across a wide range of regulatory, reputational, operational, and ethical risks.
We offer our people a wide variety of career paths that include working with the largest corporate house-hold names to smaller clients in niche or emerging industries.
Connect to your career at Deloitte
Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.
What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other , foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most .
Connect to your opportunity
When you join Extended Enterprise, you will see how we work with some of the largest organisations in the world, across a variety of industries. Our client list includes major organisations in banking, capital markets, insurance and investment management, as well as technology, mining, media, pharmaceuticals, oil and gas, public sector and consumer goods including retail, automotive, hospitality and services sectors .
The engagements you lead will require you to utilise your prior knowledge and experience to assist clients in designing or refining their TPRM frameworks and capabilities addressing factors such as:
- Demonstrating alignment with the wide range of third-party risk regulations which our clients and their third-parties need to comply with;
- Identifying the wide range of different third party risks an organisation may face across different industries, including relating to anti-bribery, sanctions, human rights, ethics and sustainability in the supply chain, business resilience, cyber risk and data privacy;
- Exploring the drivers which influence and affect behaviours of business partners, suppliers and customers; and
- Enhancing and embedding the operational processes and controls required by an organisation to effectively monitor its third party relationships.
In addition, you will build an understanding of how to balance engagement risk and engagement economics alongside managing engagement teams to deliver optimal outcomes for our clients.
A typical EE advisory engagement will involve:
Advisory engagements usually involve working as part of a small team (typically 2-5 people) to embed yourselves for a fixed period of time alongside a team of client stakeholders and work collaboratively to deliver positive, high value programmes of change / improvement for our clients. They require a high degree of stakeholder management and change management activity as well as strong governance and project management. The key phases of an advisory engagement usually include benchmarking existing capability, designing, and developing an enhanced capability, establishing or implementing that enhanced capability and supporting the client to adopt and embed the new way of working. Advisory engagements can range in duration from 6-8 weeks for the smaller programmes through to 6-12 months for the larger programmes.
In addition, we often subsequently support our clients with implementation, technology enablement and operation of their TPRM programmes. Our 'operate' capability includes a range of innovative solutions that we offer to our clients to help them deliver their TPRM programmes, including supply chain risk intelligence, integrity due diligence, outsourced risk assessment managed services and third party risk monitoring programmes. Each of these programmes are different in nature and require team members to think flexibly and independently, with a high focus on problem solving for our clients to help manage their most complex supply chain risk challenges.
Connect to your skills and professional experience
A successful individual will demonstrate the following behaviours, capabilities, and experience:
- Significant experience working in the area of Third-Party Risk Management (TPRM) specifically is a key requirement for this role, with a particular focus on TPRM in the Financial Services sector.
- A track record of delivering TPRM related client engagements in a consulting role, or working within teams or functions in an 'in-house' role is preferred.
- Experience of the process and methodologies of performing due diligence on third parties, and linking this to the end to end TPRM process.
- A strong understanding of the UK and EU regulations associated with Outsourcing and Third Party Risk Management.
- An awareness of UK and EU Operational Resilience regulations would also be advantageous.
- A strong understanding or experience of TPRM and due diligence technologies and how they can be used to bring efficiency and operational effectiveness to clients' TPRM programmes.
- Highly organised individual with strong attention to detail and able to manage their own workload and to delegate effectively.
- Strong communication, presentation and English writing skills, including strong proficiency in PowerPoint, Word and Excel.
- Critical analytical and problem solving skills are a must and the ability to make decisions logically and confidently.
- Strong ability to build professional relationships and rapport across our Extended Enterprise team and its clients.
- Strong communication skills, written and verbal, both internally and externally with clients and third parties, and the ability to communicate clearly and effectively at senior management levels.
Working with EE provides a mixture of working in the office, client sites and visiting third parties' premises, which provides variety and a well-rounded mix of work environments. The EE team value a healthy work-life balance, and provide ample opportunity to socialise with other members of the team across grades.
Qualifications and Experience:
A Bachelors or Master's degree (or equivalent) in a relevant subject is preferred but not critical.
Connect to your business - Technology and Transformation
Distinctive thinking, deep expertise, innovation and collaborative working. That's what connects us. That's what makes us Deloitte. If you want to help solve some of the biggest tech and transformational challenges around, join us. Together, we'll make an impact that matters.
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The modern world is more complex than ever before, and we are navigating an ever-changing landscape. We help clients to operate with resilience and grow with confidence to secure success and minimise risk.
Personal independence
Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process, or you can contact the Independence team upon request.
Our hybrid working policy
You'll be based in London with hybrid working. At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.
Our commitment to you
Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.
We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for.
Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.
Connect to your next step
A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you'll experience a purpose you can believe in and an impact you can see. You'll be free to bring your true self to work every day. And you'll never stop growing, whatever your level .
Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers