Third Party Risk Manager

Who Are We?Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.Target Openings1
What Is the Opportunity?We are seeking an experienced and proactive Third-Party Risk Manager to play a key role in the ongoing development and embedding of our Outsourcing and Third-party Risk Management Policy. The successful candidate will have strong knowledge of the regulatory landscape, including DORA and will play a pivotal role in supporting risk assessments, governance activities and monitoring of third-party risk, whilst coordinating various stakeholders.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.
What Will You Do?Responsible for embedding Third-Party Risk Management policies and procedures into the business and support embedding of Operational Resilience (and DORA) policiesReview and update policy and procedure documents.Work in partnership with relevant departments (e.g. IT, Procurement, Business Continuity, Underwriting, Delegated Authority, Claims) to develop and ensure a consistent approach is applied in line with policy.Work closely with business owners to ensure completion of due diligence and risk assessment of third-party vendors and partners.Work closely with business owners to ensure effective and robust resilience and third-party risk management controls are in place and translate performance measures such as KPIs and SLAs into meaning reportingLead the collation of and assessing of the performance of vendors and challenging performance metricsLiaise with Legal team to ensure contract updates have been executedOwn maintenance of third-party register to meet UK, Ireland and DORA requirements and liaising with stakeholders to remediate any incomplete informationWork with the business to ensure DORA is appropriately embedded in TPRM arrangementsOwn maintenance of exit plans, including working with business owners to complete and documentAct as key point of contact for Business Owners seeking support on third-party risk activitiesStay abreast of current and emerging regulations affecting third-party risk management and operational resilience.Work with Operational Resilience Lead to ensure alignment of key activities, such as scenario testing, accuracy of Important Business Service (IBS) mapping and oversight of third parties supporting IBS.Develop and deliver and required training to the businessAs an employee you are expected to act in an ethical manner at all times. You will ensure you understand all compliance and regulatory requirements for your role by completing all necessary training and certifications.As an employee we expect your actions and outcomes will at all times meet local regulatory and supervisory approaches to ensure fair treatment of our customers.Support Director of Resilience and Regulatory Support in delivery of overall strategyPerform other duties as assigned.What Will Our Ideal Candidate Have?Strong analytical and problem-solving skillsReport-writing and presentation skillsExperience in providing training to stakeholdersWhat is a Must Have?Experienced third-party risk professionalStrong understanding of third-party risk practices, including intra-group outsourcingKnowledge of the general insurance market and current regulatory landscape (e.g. Resilience regulations, DORA, CTP regime)Strong stakeholder and communication skillsAbility to work effectively in a fast-paced, dynamic environmentWhat Is in It for You?Private Medical Insuran
ce: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.Retirement:
Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.Wellness Programme:
The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.Employment PracticesTravelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an
email
so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.To learn more about our comprehensive benefit programs please visit
http://careers.travelers.com/life-at-travelers/benefits/
.
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