This role encompasses the strategic planning and management of Third Party Risk, ensuring alignment with both industry standards and regulatory expectations.
As the Third Party Assurance Manager, you will be supporting the development, ongoing maintenance, and enhancement of the comprehensive Third Party Risk Management (TPRM) framework and policies to align with industry best practices, regulatory requirements, and Wise's Enterprise Risk Management framework.
In this role, you will support the Third Party Assurance Lead to execute third party assurance practices at Wise, acting as an Assurance/Audit Specialist focused on evaluating and managing the compliance and risk of our third-party providers. You will leverage your knowledge of auditing, testing, and quality assurance to maintain an assurance methodology that protects the company’s interests and ensures the integrity of third-party relationships by coordinating and performing assurance reviews.
Additionally, you will contribute to the wider third party risk management strategy and ensure the effective design of third party risk controls and processes while also collaborating with the Third Party Risk team on joint initiatives.
Third Party Risk Assurance Manager duties and responsibilities:
- Strategic Risk Management Alignment
Collaborate to ensure that Third Party Assurance strategies are in sync with the organization’s overall risk management framework and strategic objectives. This entails working closely with subject matter experts from areas such as Security, Privacy, and Technology to integrate third-party risk considerations into the broader organizational risk profile.
- Third Party Assurance Planning & Execution
Conduct comprehensive audits and assessments of third party vendors to ensure compliance with company standards, regulatory requirements, and industry best practices. Create detailed audit reports summarizing findings, risks, and remediation plans. Collaborate with third-party vendors to remediate identified risks and track progress until resolution.
- Third Party Assurance Program Enhancement & Development
Work with the Assurance Lead to mature and evolve the Wise’s Third Party Assurance program in alignment with strategic guidance from Wise Leadership and global regulatory expectations.
- Strategic Oversight and Improvements
Contribute to strategic oversight and continuously audit current processes to optimise third-party management processes, together with the rest of the TRPM leadership. The goal is to enhance the efficiency and effectiveness of controls, identify areas for improvement, and develop improvement plans.
