Manager, Procurement, Third Party Risk Management

Role Summary

Manager, Third Party Risk Management (TPRM) - Global Procurement. The Manager, TPRM plays a supportive role in the third party risk management program under the direction of the Director of the TPRM Program. This role assists in managing the TPRM technology platform, supports risk mitigation efforts, facilitates stakeholder engagement, and helps ensure alignment to principles, enterprise risk appetite, regulatory requirements, and corporate policies.

Responsibilities

• Provide support for the administration, ongoing maintenance, and enhancement of the BMS TPRM technology platform to ensure effective risk management of third parties.
• Assist in monitoring the TPRM tool and implementing enhancements to drive consistency, adoption, and performance improvements under guidance from TPRM leadership.
• Communicate with the TPRM team and stakeholder groups to help update due diligence assessments and support risk identification, monitoring, and remediation for new and existing third-party vendors.
• Collaborate with internal stakeholders, subject matter experts, business units, corporate functions, and risk domains to aid in the management of third party relationships and promote consistent, risk-based usage of the TPRM tool.
• Partner with Procurement and Legal to support compliance with TPRM policies, procedures, processes, and to help escalate and resolve third party risk issues.
• Facilitate supplier completion of due diligence activities and provide training/support regarding TPRM tool requirements and access.
• Support regulatory and internal audit interactions related to the TPRM tool; help gather and organize required information as needed.
• Assist in the development of standardized reporting for continuous monitoring and take part in preparing reports for steering committees and leadership as directed by TPRM leadership.
• Promote and deliver ongoing training and awareness activities related to the TPRM technology platform within the GP organization.
• Take part in internal and external forums to support TPRM thought leadership and best practice-sharing.
• Regularly assist in reporting status of risk closure efforts and communicating updates to leadership and stakeholders.
• Engage with Global Procurement, business units, and members of the TPRM risk community in a collaborative, supportive capacity.

Qualifications

• Minimum education of a B.S./B.A. is required.
• Minimum of four (4) years of business or relevant experience is required. Three (3) years procurement, third party risk management, compliance or part of an R&D, Commercial, or Operations function, risk management consulting firm, or equivalent relevant experience is preferred.
• Demonstrated ability to manage projects, people, and resources successfully in a global business environment.
• Experience with TPRM software platforms such as ServiceNow, RSA Archer, Ariba, and similar tools.
• Familiarity or experience with Procurement Category Management, Strategic Sourcing, Supplier Management, and Compliance Management processes is preferred.
• Must have a proactive, creative and analytic approach to continuous improvement in delivering procurement services and identifying new opportunities.
• Demonstrated high degree of independence, requiring minimal supervision from management.

Skills

• Third party risk management
• TPRM platforms (ServiceNow, RSA Archer, Ariba, etc.)
• Stakeholder engagement
• Regulatory and compliance awareness
• Training and mentoring
• Reporting and analytics
• Project and relationship management
• Procurement processes and supplier management