Third Party Risk Consultant

2 months ago

Charlotte, United States Calculated Hire Full time

Business Execution Consultant III

Onsite – Charlotte, NC

6-month Contract (W2), Weekly Pay (40 hours/week)

Desired Start Date: 10/7/2024


Calculated Hire is in search of a Business Execution Consultant III for our Fortune 100 Financial Services company. You will be responsible for the following components:


In this role, you will:

• Participate in a variety of assigned and ongoing business operations to ensure success in meeting business goals and objectives

• Determine areas of strength or Business Execution opportunity within defined scope of work

• Review and research strategies and action plans to establish effective processes while meeting performance metrics and policy expectations

• Utilize independent judgment to guide moderate risk deliverables

• Present recommendations to develop, implement, and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business

• Exercise independent judgment and provide guidance in diverse support functions and operations for a single business group within a line of business

• Collaborate and consult with leaders and executive management

• Provide work direction to less experienced Strategy and Execution staff


Required Qualifications:

• 8+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

• Good knowledge of Ariba, STORM (Process Unity), ServiceNow and SAP tools

• Excellent verbal and written communication skills – need to interact with Third Party vendors.

• Contract negotiation with stakeholders

• Contract Lifecycle management

• Third Party Risk Assessment


Job Expectations:

The candidate needs to have experience on either one of the activities mentioned below (Preferably Both):

Primary Business Liaison (PBL) Activities

• The PBL sits within a business group or enterprise function, manages the outsourcing process, and is accountable for managing the third-party engagement in compliance with policy.

• The PBL must understand the contract details and the inherent and residual risks the third party represents to the company.

• The PBL is expected to apply business expertise to the management of a third-party engagement that factors identified risks and issues into business decisions related to that engagement.

• The PBL monitors and manages the third party’s performance to the contract and reports the output of these activities to the business owner, relationship manager, and TPP.

• The PBL is accountable for reviewing and approving TPP life cycle requirements.

Line of Business Relationship Manger (LOB-RM) Activities:

• The LOB-RM sits within a business group or enterprise function, manages the outsourcing process and is accountable for managing the third-party engagement in compliance with policy.

• The LOB-RM reinforces third-party performance and risk-management expectations.

• The LOB-RM is responsible for managing escalations from the business owner or Supply Chain Management related to third-party contract compliance, performance, and ability or willingness to meet TPP life cycle requirements (including monitoring third-party regulatory compliance).

• The LOB-RM will be responsible for reviewing all negative news alerts and will follow TPP guidelines if it is determined to be material.

• The LOB-RM will be responsible for performing all required Business Reviews.

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