Third-Party Risk Management & Outsourcing Officer

Third-Party Risk Management & Outsourcing Officer

Apply for the Third-Party Risk Management & Outsourcing Officer role at Allianz Partners.

Job Overview

The Third-Party Risk Management Officer is part of the Protection & Resilience function within Allianz Partners Operations. The role is responsible for developing, implementing, and overseeing an effective third‑party risk management program to ensure the organization’s vendors and partners adhere to compliance standards and pose minimal risks to the business. It involves assessing, monitoring, and mitigating risks associated with third‑party relationships.

Key Responsibilities

• Conduct risk assessments for potential third‑party relationships to evaluate their impact on the organization.
• Analyze and quantify risks associated with third‑party engagements and communicate findings to relevant stakeholders.
• Perform thorough due diligence on potential third‑party vendors and partners.
• Evaluate third‑party compliance with regulatory requirements and industry best practices.
• Develop and maintain third‑party risk management policies and procedures.
• Ensure that all third‑party relationships comply with internal and external policies.
• Review and negotiate contractual terms related to security, data protection, and compliance with third‑party vendors.
• Work closely with legal teams to ensure contracts include appropriate risk mitigation clauses.
• Establish and maintain a monitoring process for ongoing assessment of third‑party risk.
• Generate regular reports on the status of third‑party risk and present findings to senior management.
• Develop and implement incident response plans specific to third‑party risks.
• Coordinate with relevant departments to address and resolve incidents related to third‑party relationships.
• Provide training and awareness programs for internal stakeholders on third‑party risk management.
• Foster a culture of risk awareness and compliance within the organization.

Key Qualifications

• Bachelor’s degree in business, risk management, information technology, or a related field. Master’s degree or relevant certifications (e.g., Certified Third Party Risk Professional - CTPRP) is a plus.
• Proven experience in third‑party risk management, vendor management, or related roles.
• Strong understanding of regulatory requirements, compliance standards, and industry best practices.
• Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders.
• Analytical and problem‑solving skills with the ability to assess and quantify risks.
• Familiarity with contract review and negotiation processes.
• Knowledge of cybersecurity, data privacy, and information security concepts.

The job description serves as a general template and may be customized based on the specific needs and requirements of the organization.

Allianz Group is one of the most trusted insurance and asset management companies in the world. We care for our employees, their ambitions, dreams and challenges, creating an empowering environment for growth.

We stand for unity and advocate for equal opportunities for all. We welcome applications regardless of ethnicity, cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.

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