Senior Manager-Third Party Risk Management (TPPM)

08 Apr 2020

Are you known for building high performing teams?

Do you have experience in new business unit set up? Have you worked on the centralisation of previously decentralised business functions, from strategic planning, through to implementation and beyond?

I am delighted to bring a permanent job to market in Cork for someone just like you. This is a unique opportunity to join one of the Pharmaceutical industry giants, on the formation of a new business unit.

My client works with an extensive network of Third Party organizations to perform a vast range of activities across the enterprise. There are many functions working with third parties in some capacity including, but not limited to: Procurement, Supplier Management Organisations , Clinical Research Organisations and Audit/Assessment Teams.

The TPRM organisation will design, develop, and implement a holistic program to support consistent, efficient, and effective decision making and residual risk reduction. The central team's scope will encompass priority business and risk areas across all stages of the collaboration lifecycle.

Successful execution of this strategy will reduce third party risk, strengthen capabilities, drive consistency and efficiency, and reduce cost.

The scope of this organization will include the following:

  • Create and maintain policies, procedures, and training to drive consistent TPRM for SMO use.
  • Liaise with Risk Domain Owners to create and maintain: Risk Definitions, Tolerances, and Required Training for SMO, Business Area TPO, Sponsors, and TPO.
  • Construct and own the overall TPRM Program.
  • Own the enterprise technology solution.
  • Provide oversight of the TPRM initial and on-going triage and assessment processes.
  • Reporting progress and results to Senior Leadership including, but not limited to, the CPO, the SVP of Ethics & Compliance, and the Compliance & Enterprise Risk Management Committee (CERMC).

The TPRM Senior Manager is responsible for managing the performance and development of the TPRM Cork team. Key responsibilities include:

  • TPRM technology solution ownership
  • TPRM analytics and reporting; supplier management organization support
  • assessments for defined risk areas
  • and partnering on overall TPRM strategy

The role is accountable to establish and maintain effective communication to optimize the team's performance in partnership with the global TPRM team and key partners.

Managerial responsibilities:

  • Hire, lead, coach and develop talent in Cork's TPRM team including administration of Performance Management and Development Plan
  • Accountable for ensuring that TPRM team is adequately trained and qualified to perform responsibilities
  • Forge solid relationships with all key stakeholders (affiliate leadership, business relationship owners, supplier management organizations, risk partners, TPRM staff, internal and external stakeholders in procurement, purchase-to-pay and IT teams)
  • Collaborate with sourcing and procurement leadership to incorporate TPRM practices into strategy development
  • Creates a winning culture of decision-making, risk-taking and shared learning

Organizational responsibilities:

  • Execute best practices, policies and standards in alignment with new developments in industry and taking steps to ensure that the company is implementing such practices where appropriate
  • Execute continuous improvements on processes, tools, analytics and talent development
  • Collaborate with Procurement Center of Excellence (CoE) for ongoing maturation and integration of Source To Pay (S2P), Purchase To Pay (P2P), and TPRM processes and reporting
  • Lead data collection and management processes
  • Uphold internal and external policies, regulations and laws (governance and monitoring).
  • Oversee and conduct screening of certain third parties (i.e. financial health, geopolitical, etc.)
  • Perform and report periodic reviews of TPRM process compliance
  • Establish and oversee team that supports TPRM centralized tool (day-to-day implementation, configuration, infrastructure, testing, upgrades, improvements, integration with other platforms, etc.)
  • Recruit talent and establish team to act as first line of defence in collaboration with business relationship owners to manage risk-based third party relationships, including due diligence, ongoing monitoring, off-boarding/termination/re-contracting, etc.
  • Recruit talent and establish team to act as risk assessors in identified risk areas, including across multiple risks
  • Apply best-in-class analytics to enable business partners to make risk-based decisions
  • Execute common third party scorecards and supporting processes that monitor and report third party risk and performance in meeting business unit and TPRM needs

The ideal candidate will have been heavily involved in the strategic direction of a key company department and will be an empowering leader known for consistently driving operational efficiencies.

Please send your updated CV to hear more!

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.


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