AVP-Third Party Risk Management

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If you are excited about this opportunity but do not meet every single requirement, please apply! You still may be a great fit for this role or other open roles. We are seeking candidates who model our values: invest in every relationship, lead with curiosity, champion diverse perspectives, turn inputs into actions, and uphold trust through integrity. 

Skills and Competencies:
This role will report to the Vice President, Third Party Risk Management, Moody’s Ratings and will support the Moody’s Ratings (MR) Third Party Risk Management (TPRM) programme.

The AVP - Third Party Risk Management core responsibilities will be:
* Develop and implement a Third-Party Risk Management (TPRM) procedure, detailing governance, methodologies, tools, and techniques, and act as the primary advisor for Business Owners on the TPRM Framework and Policy that is owned by Second Line of Defence.
* Own Moody’s Ratings Service Level Agreement (SLA) process and system for critical third parties using Coupa, prepare reporting and track the remediation actions identified during SLA monitoring or third party performance reviews or due diligence processes.
* Produce and manage communication and training strategies related to TPRM, and prepare reports for management and key stakeholders to ensure awareness of TPRM.

Education
* Undergraduate degree, preferably IT, Risk or Business Management
* Graduate degree and/or relevant professional risk management qualification a plus
* 5+ years of business experience with demonstrable experience in third party risk management
* Strong technical skills related to risk management for a globally regulated organization
* Strong understanding of technical standards and certifications with ability to explain them in simple manner

Responsibilities:
The successful candidate will have a good understanding of third party risk management processes and controls, ideally gained through working with complex global organisations. They will have robust knowledge of risk tools and technology. Prior experience working with Coupa is highly desirable.
* Develop and implement a TPRM procedure, which details the governance, methodologies, tools and techniques for TPRM in MR.
* Act as the primary point of contact for the MR Business Owners, collaborating with them and providing advice and guidance on the TPRM Framework and Policy.
* Own and maintain the SLA monitoring process and procedure, ensuring it is kept up-to-date in line with regulatory requirements.
* Assist the MR Business Owners with monitoring remediation plans, review and monitor SLAs in place for MR’s critical third parties.
* Own the SLA monitoring module in Coupa and be responsible for system updates such as adding, removing SLAs, updating SLA targets, etc.
* Assist with monitoring and tracking any remediation actions arising from the SLA monitoring.
* Produce and own communication and training strategies relating to TPRM.
* Assist with preparing TPRM reports for management and key stakeholders to ensure senior management, risk committees and Boards are aware of critical risk issues such as risk limit breaches, or risk manifestations/control deficiencies.
* Deputize for the manager as and when required.
* Assist with planning and implementation of process updates and system upgrades.
* Contribute to other TPRM activities as directed by the line manager.

About the team:
Third Party Risk Management (TPRM) is the identification and assessment of third party risk and the ongoing management and monitoring of third parties. The role of the MR TPRM team in the Chief Operating Office (COO) is to make it simpler and better for business owners to fulfil their responsibilities associated with their use of third parties as outlined in the TPRM Policy. The MR TPRM team does this by building the infrastructure (processes, systems, tools) to either support business owners with their responsibilities or fully complete them on their behalf.

Annual base salary gross: 62,900.00 to 91,250 EUR. Applicable to Lithuania candidates: The base salary range represents the low and high end of the Moody’s salary range for this position. Actual salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, and competencies. The salary is one component of Moody’s total compensation package for employees. Other rewards and benefits include the following: Medical, Personal Accident, Life Insurance and Time Off.

Moody’s is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.

Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody’s Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.

For more information on the Securities Trading Program, please refer to the STP Quick Reference guide on ComplianceNet

Please note: STP categories are assigned by the hiring teams and are subject to change over the course of an employee’s tenure with Moody’s.