Manager, Third Party Risk Management

KPMG - Montvale, NJ

Full-time - Mid Level

Montvale, NJ

Professional, Scientific, and Technical Services

About the position

KPMG is seeking a Third-Party Risk Management (TPRM) Manager to join our Strategic Sourcing and Procurement Function. This role is pivotal in supporting the implementation and management of a center-led TPRM program. The TPRM Manager will act as an integral part of a dynamic team, deploying a standardized Third-Party Risk Management Framework, including tools for the US firm. The successful candidate will provide guidance and support to various business units on TPRM processes and best practices, which encompass supplier selection, due diligence, ongoing monitoring, and termination of supplier relationships. In this position, the TPRM Manager will serve as the single point of contact for a specific business area, supporting them during the implementation phase and beyond. This includes reviewing and validating risk assessments to ensure that potential risks are identified and mitigated. The TPRM Manager will also be responsible for reporting on due diligence activities and documenting issues as necessary. Collaboration is key, as the TPRM Manager will facilitate meetings with internal stakeholders, such as Legal, Procurement, Business, and Control Groups, to drive alignment and consistency in TPRM practices. Furthermore, the role requires ensuring that all suppliers are appropriately monitored on an ongoing basis to identify any changes in their risk profile and escalate issues as necessary.

Responsibilities

• Act as an integral part of a dynamic team, deploying a standardized Third-Party Risk Management Framework, including tools for the US firm.
• Provide guidance and support to the business units on TPRM processes and best practices, such as supplier selection, due diligence, ongoing monitoring, and termination.
• Serve as the single point of contact for a specific business area, supporting them during the implementation phase and beyond.
• Review and validate risk assessments to ensure that potential risks are identified and mitigated; report on due diligence activities and document issues as needed.
• Collaborate and facilitate meetings with internal stakeholders, such as Legal, Procurement, Business, and Control Groups, to drive alignment and consistency in TPRM practices.
• Ensure that all suppliers are appropriately monitored on an ongoing basis to identify any changes in their risk profile and escalate issues as necessary.

Requirements

• Minimum five years of recent experience in a Third-Party Risk/Vendor Risk or similar role; CRVPM or CTPRP preferred.
• Bachelor's degree from an accredited college/university required; Master's degree and other relevant degree/certification from an accredited college or university is desirable.
• Advanced understanding of Third-Party Risk Programs and solutions supporting large and regulated institutions preferred, preferably in financial services.
• Highly customer service oriented with strong interpersonal skills and the ability to communicate effectively both verbally and in writing across all levels of the organization.
• Strong ability to engage, influence, and collaborate across the organization.
• Ability to build strong and trusted relationships in a collaborative way.

Benefits

• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Vision insurance
• Life insurance