Third Party Risk Manager Job Description
The role of a Third Party Risk Manager is crucial in ensuring the smooth operation of third-party cases. This involves proactive communication with stakeholders to request updates, information, and justifications for any delays.
* Establish regular check-ins with relevant stakeholders to track progress and identify potential issues early on.
* Develop and maintain a comprehensive understanding of the third-party process, ensuring that all parties are engaged and informed throughout.
* Monitor pending actions and escalate any concerns or delays to the appropriate personnel.
* Maintain accurate records of all communications and updates, adhering to compliance and audit requirements.
* Collaborate with team members to ensure seamless integration and effective problem-solving.
* Stay up-to-date with regulatory requirements and implement necessary changes to meet deadlines.