Job Information
American Family Insurance - Corporate Senior Manager, Third Party Risk Management (Hybrid) in Madison, Wisconsin
You will lead a team responsible for the execution of third-party risk assessments, including comprehensive third-party due diligence scoping and execution, oversight of relevant risk-related contract term redlining processes, ongoing monitoring, and issue management. You will assure risk assessments are completed accurately, timely, in alignment with TPRM program standards and regulatory requirements, and that all relevant stakeholders are engaged as required. You will lead the escalation process for exceptions identified outside of defined risk appetite, assure issues are documented and managed effectively, and ensure risk assessment status, records, and documents are maintained for all third parties. You will collaborate with subject matter experts across all third-party risk domains, the head of TPRM, procurement, and business leaders to drive continuous improvement in the third-party risk assessment process and outcomes.
You will report to the Director, Sourcing & Procurement.
Position Compensation Range:
$111,000.00 - $190,000.00
Pay Rate Type:
Salary
Compensation may vary based on the job level and your geographic work location. Relocation support is offered for eligible candidates.
Primary Accountabilities
Oversee execution of centralized third-party risk assessment activities and processes including due diligence scoping and execution, redlining of risk related third-party contract terms, ongoing monitoring, and issue management for all third-party relationships across the enterprise.
Using an understanding of third-party risk domains, American Family`s business and operating structure, the insurance industry and related regulatory requirements, assures the third-party risk assessment team, processes and technology solutions are well positioned to deliver accurate, and insightful third-party risk assessments that follow TPRM program requirements, inform partners of third-party risk profiles, and allow more effective risk acceptance business decisions.
Mitigate identified or emergent risks and document, manage, and resolve.
Collaborate with partners.
Maintain relationships with internal risk functions, head of TPRM, procurement, and business leaders, advocating for the value of the TPRM program and the importance of risk assessment processes to support overall business strategy and compliance requirements.
Create a collaborative, performance-driven work environment by facilitating and encouraging trust, transparency, and inclusion. Work with team members to set clear goals, provide feedback, perform performance assessments, and support ongoing development.
Lead with influence and expertise. Contribute to division or department leadership team. Communicate and support organization mission, vision, values, policies, and practices.
Specialized Knowledge & Skills Requirements
Demonstrated experience providing customer-driven solutions, support or service.
Demonstrated effective management or leadership experience.
Extensive knowledge and understanding of third-party risk management standards, processes, governance models, insurance industry standards, and regulatory requirements.
Solid knowledge and understanding of property and casualty insurance and industry trends.
Licenses
- Not applicable.
Travel Requirements
- Up to 10%.
Physical Requirements
- Not applicable.
Working Conditions
- This position requires the ability to be on call.
In this flex office/home role, you will be expected to work a minimum of 10 days per month from one of the following office locations: Madison, WI 53783; Boston, MA 02110.
Internals are encouraged to apply regardless of location and will be considered based on the needs of this role.
Candidates may be eligible for relocation based on the needs of the role.
Role not eligible for sponsorship
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We encourage you to apply even if you do not meet all of the requirements listed above. Skills can be used in many different ways, and your life and professional experience may be relevant beyond what a list of requirements will capture. We encourage those who are passionate about what we do to apply!
We provide benefits that support your physical, emotional, and financial wellbeing. You will have access to comprehensive medical, dental, vision and wellbeing benefits that enable you to take care of your health. We also offer a competitive 401(k) contribution, a pension plan, an annual incentive, 9 paid holidays and a paid time off program (23 days accrued annually for full-time employees). In addition, our student loan repayment program and paid-family leave are available to support our employees and their families. Interns and contingent workers are not eligible for American Family Insurance Group benefits.
We are an equal opportunity employer. It is our policy to comply with all applicable federal, state and local laws pertaining to non-discrimination, non-harassment and equal opportunity. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law.
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