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Third Party Risk Management Manager Jobs in Michigan

FIRST MERCHANTS

Senior Contract Analyst

Royal Oak, MI

$64.50K - $78K/yr

Perform various administrative duties related to third party risk management (TPRM). * Assist in the oversight of the periodic assessments of third parties. * Assist in providing training and ...

Deloitte

ServiceNow Developer - Senior Consultant

Detroit, MI · On-site

$53.25 - $73.25/hr

CIS-Risk and Compliance (CIS-RC), CIS-Security Incident Response (CIS-SIR), CIS-Vulnerability Response (CIS-VR), CIS-Third-Party Risk Management (CIS-TPRM), CIS-Hardware Asset Management (CIS-HAM ...

First Merchants Bank

Senior Contract Analyst

Royal Oak, MI

$64.50K - $78K/yr

Perform various administrative duties related to third party risk management (TPRM). * Assist in the oversight of the periodic assessments of third parties. * Assist in providing training and ...

First Merchants Bank

Senior Contract Analyst

Royal Oak, MI

$64.50K - $78K/yr

Perform various administrative duties related to third party risk management (TPRM). * Assist in the oversight of the periodic assessments of third parties. * Assist in providing training and ...

Pwc

Global Tax Risk Management- Manager

Detroit, MI

$73.50K - $244K/yr

The Opportunity As part of the Global Network Tax team, you will be an integral part of navigating tax risk management for the entire network. As a Manager, you will inspire and develop your team ...

Pwc

Global Tax Risk Management- Manager

Grand Rapids, MI

$73.50K - $244K/yr

The Opportunity As part of the Global Network Tax team, you will be an integral part of navigating tax risk management for the entire network. As a Manager, you will inspire and develop your team ...

Champion Homes

Legal Risk Analyst

Troy, MI · On-site

Risk Management & Insurance Responsibilities * Assist in the identification, assessment, and ... third-party administrators * Track regulatory and compliance requirements related to risk ...

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Third Party Risk Management Manager information

What are the key skills and qualifications needed to thrive as a Third Party Risk Management Manager, and why are they important?

To excel as a Third Party Risk Management Manager, you need a strong understanding of risk assessment, vendor management, and compliance, typically backed by a degree in business, finance, or a related field. Familiarity with risk management frameworks, tools like RSA Archer or ServiceNow, and certifications such as CTPRP or CISM are often required. Strong analytical thinking, communication, and negotiation skills help manage complex stakeholder relationships and convey risk effectively. These competencies are crucial to identifying, mitigating, and communicating third-party risks, ensuring organizational resilience and regulatory compliance.

How does a Third Party Risk Management Manager typically collaborate with other departments to ensure effective risk mitigation?

A Third Party Risk Management Manager works closely with departments such as Procurement, Legal, IT Security, and Compliance to assess and mitigate risks associated with vendors and external partners. This collaboration often involves facilitating risk assessments, sharing due diligence findings, and coordinating incident response plans. Regular cross-departmental meetings and clear communication channels are essential to ensure that third-party risks are properly understood and managed throughout the organization.

What does a Third Party Risk Management Manager do?

A Third Party Risk Management Manager is responsible for identifying, assessing, and mitigating risks associated with an organization's external vendors, suppliers, and partners. They develop and implement processes to evaluate the security, compliance, and operational risks posed by third parties. Their role also includes ongoing monitoring, conducting due diligence, and ensuring that third-party relationships align with the company’s risk tolerance and regulatory requirements.

What is the difference between Third Party Risk Management Manager vs Vendor Risk Manager?

AspectThird Party Risk Management ManagerVendor Risk Manager
CertificationsCRMP, CTPRP, or similarCRMP, CTPRP, or similar
Work EnvironmentFinancial institutions, corporations, regulated industriesFinancial services, healthcare, technology companies
Industry UsageCommon in industries with complex third-party relationshipsFocused on vendor-specific risk assessments

The Third Party Risk Management Manager and Vendor Risk Manager roles share similar certifications and often operate in regulated industries. The main difference lies in scope: the Third Party Risk Management Manager oversees all third-party relationships, including vendors, partners, and contractors, while the Vendor Risk Manager primarily focuses on assessing and mitigating risks associated with vendors specifically. Both roles are essential for organizations aiming to ensure compliance and manage third-party risks effectively.

What are the most commonly searched types of Third Party Risk Management jobs in Michigan? The most popular types of Third Party Risk Management jobs in Michigan are:
What are popular job titles related to Third Party Risk Management Manager jobs in Michigan? For Third Party Risk Management Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Third Party Risk Management Manager jobs in Michigan look for? The top searched job categories for Third Party Risk Management Manager jobs in Michigan are:
What cities in Michigan are hiring for Third Party Risk Management Manager jobs? Cities in Michigan with the most Third Party Risk Management Manager job openings:
Third Party Risk Management Manager jobs near you
Risk Financing Manager - Insurance Officer (NA)

Risk Financing Manager - Insurance Officer (NA)

Stellantis

Auburn Hills, MI • On-site

Full-time

Posted 23 days ago

Stellantis rating

7.4

Company rating: 7.4 out of 10

Based on 123 frontline employees who took The Breakroom Quiz

17th of 44 rated automakers

Job description

At Stellantis (Formerly Fiat Chrysler Automobiles), we want to empower you to bring your best. That is why we strive to create an environment where our core values of Innovation, Leadership, Passion, Cooperation, and Responsibility can thrive. At Stellantis, you will work in a dynamic, fast-paced environment with people who exemplify the entrepreneurial spirit and work together as a team to continually think bigger and bolder.
The Manager Risk Financing is a high profile senior analytical position within the North American Risk Management function. This is a high impact position with wide-ranging influence. You will often be the "face" of North American Risk Management in discussions with senior executives, insurance regulators, and insurance companies.
Responsibilities include but are not limited to:
  • Assist in structuring and negotiating insurance programs; develop underwriting presentations and present them to senior leaders at insurance company partners during carrier meetings
  • Assist in negotiating and managing relationships with property and casualty/employee benefits insurance brokerage firms and third party administrators across the North American region
  • Present insurance and risk management solutions proposals to senior leaders in the organization
  • Provide leadership to captive team including a cross-functional working group (Legal, Accounting, Finance and external service providers)
  • Assist in directing the captive's underwriting process; work with actuaries, brokers and captive managers to determine appropriate premiums, limits, and retentions to cover risks of the corporate parent and affiliates
  • Assist in coordinating with Finance, Legal and captive leadership on dividend strategies to maximize the efficient use of captive insurance company assets
  • Collect, analyze and summarize data for insurance renewals
  • Review insurance terms in leases and contracts with third parties and negotiate insurance terms when needed; work collaboratively with corporate business development to minimize risk in new ventures
  • Participates in merger and acquisition activities; provides risk management and insurance expertise while procuring additional insurance coverage as necessary
  • Participate in reviewing employee benefits insurance programs for affiliated entities
  • Participate in annual budget review and preparation

Basic Qualifications:
  • Bachelor's degree in Risk Management/Insurance, Finance or relevant experience
  • Minimum of 8 years of relevant insurance experience as a corporate insurance broker, underwriter or risk manager
  • Ability to demonstrate an advanced technical understanding of insurance policy terms and conditions
  • Experience negotiating insurance terms and conditions in contracts with third parties
  • Strong interpersonal and analytical skills

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