Third-Party Risk Management Specialist | Sydney

At Allianz, we’re proud to be named one of the Best Workplaces in Australia 2024 and a Great Place to Work. We’re one of the world’s leading insurance and asset management brands, with a workforce as diverse as the world around us, which is why we hire the very best people to further our commitment to securing the future for our people and customers.

We offer an inclusive workplace where everyone feels like they belong, while promoting a culture of lifelong learning, development, and global mobility. Join us and share your ideas, be inspired, give back to the community, and feel proud to be part of an organization doing meaningful work that matters while supporting sustainability, mental health, and well-being.

At Allianz, we are committed to ensuring compliance and operational excellence in our partnerships with third-party service providers. We are seeking a dedicated Third Party Risk Management Specialist to join our team and support our business owners in implementing effective third-party risk management strategies.

About the Role

As a Third-Party Risk Management Specialist, you will be pivotal in ensuring regulatory and corporate compliance, supporting service provider performance, managing operational risks, and facilitating disengagement processes.

Key Responsibilities

• Facilitate the entire Third-Party Risk Management (TPRM) lifecycle for business owners, including risk assessments, onboarding, due diligence, implementation, monitoring, and contract termination.
• Guide business owners and Procurement in conducting supplier risk assessments to ensure compliance with security standards and develop risk mitigation strategies.
• Establish and maintain the TPRM governance framework, including policies, procedures, and strategies.
• Record and manage contract details in the Contracts Register and identify Material Service Providers (MSPs) as necessary.
• Identify and monitor concentration risks with business owners, overseeing critical downstream service providers and maintaining governance frameworks for service provider oversight.
• Conduct training for senior management and business owners on TPRM roles and responsibilities and develop reports for senior management and governance committees on service provider management and oversight.

About You

• Extensive experience and strong understanding of third-party risk management, procurement, supplier governance, compliance, and related frameworks for risk management, assessment, governance, and compliance.
• Proficiency in using systems like Ariba and Service Now, along with data visualization tools such as Power BI and Tableau.
• Demonstrated success in managing third-party performance through the development and implementation of frameworks, KPIs, and insights.
• Capability to work both independently and as part of a team, effectively handling multiple tasks and priorities.
• Excellent communication skills, both written and verbal, for engaging and collaborating with stakeholders.

Benefits and perks

• Inclusive Culture: Join a supportive, open-minded team focused on customer outcomes, bringing your authentic self to work every day!
• Flexible Work-Life Balance: Enjoy flexible and remote work options and workplace adjustments, with support for your work/life balance.
• Career Development: Access mentoring, development and global mobility opportunities for growth and success, including access to over 10,000 learning resources.
• Financial and Well-being Perks: Enjoy discounts on Allianz products, retail, tech, and travel, plus financial wellness initiatives and the Employee Share Purchase Program- own a piece of your employer!
• For more details about our benefits, visit the Allianz Careers site.

About our culture

We care about everything that makes you, you. We believe in an equitable workplace that celebrates diversity and inclusion, where people of all genders, ages, religions, sexual orientations, and abilities are not only welcomed but valued for the perspectives and talents they bring to work.  We’re committed to fostering an environment where everyone can thrive, grow, and contribute their unique perspectives to our collective success and reach their fullest potential.

Adjustments and support

If you require any support and adjustments to participate equitably in our recruitment process, we encourage you to reach out to careers@allianz.com.au for a confidential conversation.

Join us. Let’s care for tomorrow. www.allianz.com.au/careers