Company
Business Unit
Primary Location
Field of interest
Technology
Industry Focus
Industry Agnostic
Description of the position
Your journey with us
The success of third-party relationships is critical to our clients. Our Third Party Risk Management (TPRM) professionals help maximise the benefits gained from the relationships our clients have with various third parties including:
* Customers;
* Alliances;
* Franchisees;
* Licensees;
* Distributors; and many more.
In addition, TPRM solutions aim to empower clients to understand, assess, manage and mitigate ethical, regulatory, financial and operational risks in their third-party eco-system. As we take on and enable digital transformation in the TPRM space, stakeholder management, both internal and external, are key to determining priorities, gaining trust of the wider community, and ensuring alignment on organizational objectives and risk mitigation strategies. By fostering transparent communication and a proactive risk culture, we help clients strengthen their third-party relationships and achieve sustained success.
Third Party Risk Management
Our team performs a huge variety of projects helping our clients with their third-party relationships, as third-party relationships constitute a significant proportion of the cost and risk base of every organisation. For example, we help address ethical violations, by identifying and preventing third parties from engaging in bribery, corruption, or conflicts of interest that could damage the client’s reputation or result in regulatory fines. Another area of focus is regulatory non-compliance, where failure of third parties to adhere to industry-specific regulations can pose significant risk. Think of breaches in the Cyber Domain, (e.g., GDPR, data breaches), as well as infractions in a company’s ESG or Financial practices. Such shortcomings can negatively affect a company’s operations, reputation and continuity.
Our offerings include helping clients to assess the maturity of their current TPRM frameworks, design new ones, and operating models, as well as implementing them, often through the use of technology, and helping to operate the programmes on our clients’ behalf.
These examples represent some of our core offerings, but the strength of our services lies in their flexibility. We can adapt to our clients’ unique needs, providing tailored solutions to their business partner relationships. Whether addressing particular challenges or enhancing their overall framework, our approach is always customized to meet the specific clients’ requirements.
Responsibilities
The work you perform will help you develop an understanding of:
* The different third-party relationships an organisation may have across different industries;
* The regulations that drive the requirements around TPRM;
* The drivers and business decisions our clients face when assessing their third parties;
* The operational processes and controls required by an organisation to effectively monitor its third-party relationships;
* The operating model (organisational model, governance, roles and responsibilities) required to deliver an effective TPRM framework;
* The (digital) transformation an organization undergoes to support the aforementioned activities, in order to drive and futureproof a company’s evolution.
A typical Third Party Risk Management advisory engagement will involve:
Being part of a small and multi-disciplinary team (typically 3-6 people) to embed yourselves for a fixed period of time alongside a team of client stakeholders and work collaboratively to deliver positive, high value programmes of change/improvement for our clients, often underpinned by technology. They require a high degree of stakeholder management and change management activity as well as strong governance and project management. The key phases of an advisory engagement usually include benchmarking existing capability, designing, and developing an enhanced capability, building or implementing that enhanced capability and supporting the client to adopt and embed the new way of working. Advisory engagements can range in duration from 6-8 weeks for the smaller programs through to 12-24 months for the larger programs.
Let's talk about you
The successful individual will demonstrate the following behaviors, capabilities, and experience:
* 4-6 years of experience;
* Relevant consulting or industry experience in one or more of the following sectors: financial services, pharmaceutical, consumer goods, industrial products, energy and resources or technology, media and telecommunications, or public sector;
* Knowledge of Third Party Risk Management, sourcing or contract management experience is preferred;
* Highly organised individual with strong attention to detail and able to manage their own workload;
* Able to analyse, problem solve and support their team members on the development of deliverables;
* Proactive, curious by nature, self-starter & committed individual seeking to add value in the role;
* Strong ability to build professional relationships and rapport with their engagement team and its clients;
* Strong communication skills, written and verbal, both internally and externally with clients, and be able to communicate clearly and effectively to all levels;
* Affinity with tooling is preferred;
* An individual with a Project Management qualification would be advantageous but is not a pre-requisite;
* Experience working on large scale change or transformation programs.
Our story
Everybody’s talking about it. Every organisation in every sector is concerned by it. At Deloitte, we’re shaping strategies and transforming technology to minimise Cyber Risk for organisations, and we need you to join us. You’ll build strong relationships within the Belgian Cyber practice with over 100 highly talented individuals. Our team brings together people who graduated in everything from Law, Maths, Computer Science, Cyber Security and Information Management within one team. You will help clients prevent cyber attacks and advise them on how to protect their most valuable assets.
Cyber Strategy & Transformation is part of the Cyber team.
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