Consultant, Third Party Risk Management

TransUnion's Job Applicant Privacy Notice
What We'll Bring:
At TransUnion, we are dedicated to finding ways information can be used to help people make better and smarter decisions. As a trusted provider of global information solutions, our mission is to help people around the world access the opportunities that lead to a higher quality of life, by helping organizations optimize their risk-based decisions and enabling consumers to understand and manage their personal information. Because when people have access to more complete and multidimensional information, they can make more informed decisions and achieve great things.
Every day TransUnion offers our employees the tools and resources they need to find ways information can be used in diverse ways. Whether it is helping businesses better manage risk, providing better insights so a consumer can qualify for his first mortgage or working with law enforcement to make neighborhoods safer, we are improving the quality of life for individuals, families, communities and local economies around the world.
What You'll Bring:

• Experience in Third Party Risk Management or Supplier/Vendor Management in a regulated industry such as financial services.
• Excellent communication and interpersonal skills.
• Stakeholder management skills.
• Well organized, able to prioritize workload in line with tight reporting deadlines.
• Demonstrates flexibility and a 'can do' attitude to successfully overcome barriers and an innovative approach to problem solving.
• Microsoft Office i.e. SharePoint, Word, Excel and PowerPoint.
• Understanding of key regulation pertaining to Financial Services i.e. OSFI.

Impact You'll Make:
The Consultant, TPRM (Third Party Risk Management) is responsible for supporting the TPRM Lead in operating the TPRM Risk Management programme for TransUnion Canada.
The successful candidate will ensure all TPRM Framework & governance requirements are met by stakeholders in Canada.
Core Accountabilities/Responsibilities:

• Create, maintain and distribute reports for internal and external stakeholders and committees.
• Collaborate with cross functional peers to develop and improve data and reporting.
• Provide regular insight on Third Party/partner performance to Third Party Risk Management Lead, any key concerns or issues are highlighted and escalated accordingly.
• Provide support and guidance to business owners on the Third Party Risk Management process and requirements, ensuring stakeholders are aware of their responsibilities and carry out their duties effectively.
• Liaise with Third Parties and stakeholders to arrange regular review meetings (attending as required) and maintain any resultant action plans defined by relationship owners, risk, and issue logs to improve any shortfalls in performance.
• Ensuring the Third Party Inventory is maintained, including adding new Third Parties to the inventory and working with Procurement-focused colleagues to gather an appropriate level of information as part of the onboarding process.
• Ensure Third Party governance and risk documentation is maintained, up to date and reviewed regularly as per requirements to the highest standards (i.e. Tiering, Meeting Minutes, Exit Plans, Risk Registers etc.).
• Create and maintain performance scorecards on Third Parties using data provided by relationship owners.
• Manage and escalate, when appropriate, any compliance matters or issues.
• Assess and monitor key Third Parties' supply chain and subcontracting risks, ensuring a full subcontracting list is maintained and refreshed regularly for our key Third Parties.
• Work with business stakeholders in remediating any audit actions and ensure clear remediation evidence is provided.
• Work with stakeholders & Third Party Risk Lead to improve any shortfalls in adherence to the Third Party Risk Management policy & minimum standards, escalating where required.
• Work with Third Parties, stakeholders and Third Party Risk Lead to further enhance process.
• Ensure robust action plans in place and actions followed up with stakeholders and Third Parties where deviation in performance from a conduct, risk or compliance perspective.
• Provide Third Party insights to the Procurement team to inform sourcing/renewal decisions.
• Create and maintain business toolkit i.e.. policy, process, templates, guides.

This is a hybrid position and involves regular performance of job responsibilities virtually as well as in-person at an assigned TU office location for a minimum of two days a week.
Accommodation is available, including for applicants with disabilities, in accordance with applicable laws.
TransUnion's Internal Job Title:
Consultant, Procurement