Dfwsolution

Job Description

The Third-Party Specialist will be responsible for managing and assessing risks associated with third‑party relationships. This includes vendors, contractors, and other external entities.

Job Responsibilities

• Evaluate and assess the risks associated with third‑party vendors.
• Develop and implement third‑party risk management strategies.
• Conduct due diligence and regular assessments of third‑party vendors.
• Collaborate with procurement and legal teams to ensure compliance.
• Maintain an up‑to‑date register of third‑party relationships.
• Monitor third‑party performance and adherence to contracts.
• Identify and mitigate potential risks related to third‑party engagements.
• Develop and deliver training on third‑party risk management.
• Ensure third‑party vendors comply with relevant laws and regulations.
• Prepare reports on third‑party risk status and management activities.

Job Requirements

• Bachelor’s degree in Business Administration, Risk Management, or related field.
• 3+ years of experience in third‑party risk management.
• Strong understanding of contract law and compliance regulations.
• Ability to manage multiple vendor relationships.
• Excellent negotiation and communication skills.