Company Description
Wise is a global technology company, building the best way to move and manage the world’s money. Min fees. Max ease. Full speed. Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their life easier and save them money.
As part of our team, you will be helping us create an entirely new network for the world's money. For everyone, everywhere. More about our mission and what we offer.
Job Description
Third Party Risk Management Specialist plays the key role in Wise’s Third party Risk management area. The Third Party Risk Management Specialist is dedicated to mastering the third party risk management framework, control measures, and the development and implementation of robust processes during the whole third party lifecycle at Wise. The Specialist is involved in creating standardised operating procedures (SOPs) and frameworks that align with best practices and regulatory requirements, ensuring consistent risk management and alignment with the Enterprise Risk Management Framework.
The role involves the structuring and refinement of due diligence processes, implementing and testing controls effectiveness, and fostering collaboration and support among stakeholders to ensure a cohesive third party risk management framework.
The Specialist is making sure that our Due Diligence is effective, and we have strong and robust controls in place to support an efficient third party risk management program at Wise.
Third Party Risk Management Specialist duties and responsibilities:
1. Risk metrics and analysis development
Design and implement advanced risk mapping and analysis processes, utilising risk metrics to evaluate and monitor third-party risks effectively, developing and refining KPIs, KRIs etc;
2. Processes development and integration
Lead the development and integration of comprehensive third party risk management processes across the organisation, with identifying key risk issues and delivering high quality recommendations to enhance the control environment to the appropriate standard.
3. Due Diligence enhancement processes
Structure and enhance due diligence process, focusing on the systematic assessment of third-parties. This includes refining methods to evaluate potential risks and ensure compliance with established risk management standards and Policy.
4. Controls implementation and testing
Oversee the implementation and testing of control measures designed to mitigate identified risks. This responsibility encompasses the development of control strategies, regular testing to assess control effectiveness, and adjustments based on findings and evolving risk landscapes.
5. TPRM activities oversight
Oversight third party risk management activities, including criticality assessment, due diligence, risk assessment, issue remediation and risk reporting to the company-wide GRC tool.
6. Key TPRM stakeholder collaboration
Providing essential support and fostering cooperation among stakeholders and different teams to ensure third party risks are considered and managed at appropriate points. Work in a collaborative, and constructive manner with business units and our internal and external stakeholders to enhance the effectiveness of processes and controls.
7. Audit requests support
Work on audit findings and the building of remediation action points for addressing issues related to the TPRM scope. This includes active engagement in cross-team remediation projects and providing coordination and contributions.
This position requires a strategic thinker skilled in risks, possessing a strong problem-solving mindset aimed at creating and executing strategies that enhance resilience to risks tied to third-party collaborations and various operational/regulatory weaknesses.
The Specialist is reporting directly to the Third Party Risk Management Lead.
Qualifications
- You're placed in Tallinn, Estonia and are eligible to work here (for example, you're an EU citizen or have a residence permit in Estonia);
- Certified Risk Managers (CRM), Professional Risk Managers (PRM), or Certified Third Party Risk Professionals (CTPRP) will be more suitable for this position.
- Demonstrated ability to communicate, present and influence credibly and effectively at all levels of the organisation.
- Excellent time and project management skills.
- Strong verbal and written communication skills for stakeholder interaction with the ability to present with impact and influence;
- Analytical mindset with a focus on problem-solving.
- Have strong knowledge around the Due Diligence world.
- A “can do” attitude and a passion to tackle challenges and get things done.
- A strategic, constructive mindset that helps to improve processes.
- Adaptability, comfortable working in a fast-paced environment and being flexible with priorities changing.
- Through understanding the process management and control environment.
Additional Information
Hiring process:
- Application review
- Take Home Test
- Screening call with the recruiter
- First interview with the team
- Final interview with the Head of the Function and another team lead
- Start date: Q2/Q3 2024
What do we offer:
If you're interested in the position, please apply the latest by the 28th of April 2024 (end of the day) by submitting your CV and answer to the following questions (in the 'Message to Hiring Manager' field):
Why do you think you're most suitable for this role and how does your background relate to this job?
For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.
We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.
If you want to find out more about what it's like to work at Wise visit Wise.Jobs.
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