Third Party Risk Analyst

Company Description

• We’re passionate about internal career moves for our people. 
• Trusted by 4.5 million Australians, we’ve been protecting Australians for 150 years 
• We’re growing and investing in our future

Welcome to This Australian Life.

From the millions of Australians we protect, to those that make it happen every day at TAL, people really are what we’re all about. We want to grow with you. Achieve with you. And support you to do your best work. That's why we're focused on developing leadership, promoting diversity, rewarding excellence, and retaining great talent. 

We're always looking for people who want to go further with us. People who do what’s right, aim high, and work smart. Why not see where we can go? 

Job Description

TAL relies on Third Parties in the conduct of its business. While these relationships offer significant benefits, they also introduce various risks that can impact TAL’s customers, operations, reputation and/or financial stability. The new APRA prudential standard CPS 230 Operational Risk Management will be looking to ensure that APRA regulated entities are resilient to operational risks and disruptions including managing risks arising from the use of Third Parties.

The Third Party Risk Analyst plays a critical role in supporting the effective implementation of the Third Party Risk Management Policy including identifying, assessing, mitigating and monitoring the risks associated with our Third Party arrangements. You will provide support for the delivery and embedment of Policy requirements.

This is a hands-on role to support the business in successfully achieving compliance with the new Policy requirements.

• Collaborate with various business units to implement and embed the specific requirements of the new Third Party Risk Management Policy. In particular, this will involve providing support to L1 Ris teams as the Policy requirements are embedded to existing and new Third Parties. 
• Provide support to ensure risk management activities related to Third Parties are conducted in accordance with all relevant policies and procedures and is reflected downstream in the relevant business profile’s risks and controls
• Support the business in conducting risk assessments and due diligence during onboarding of Third Parties.
• Support the business in monitoring the performance of Third Parties including control effectiveness and reporting to relevant Committees.
• Support compliance with the Policy for Material Service Providers and supporting submission of the Material Service Provider Register on an annual basis.

Qualifications

• A minimum of 2-3 years of experience in risk preferably in the Insurance industry. A focus on Third Party Risk management is preferred but not mandatory.
• Experience working across multiple business units in a large and complex organisation
• Excellent problem-solving skills
• Excellent relationship development, management and negotiation skills

You’re always accountable for your actions. You never give up. You strive to find the best outcomes for customers and partners. And you value working together to find the best solutions for problems.

As part of the recruitment process, there are a number of checks which may be conducted to demonstrate your eligibility for a role at TAL including Criminal History, Bankruptcy, Entitlement to Work, Regulatory and Reference Checks. 

Additional Information

At TAL we value diversity in all its forms and are committed to fostering an inclusive and equitable culture for all our people. We encourage Aboriginal and Torres Strait Islander people, individuals from all backgrounds, including those with caring responsibilities, people living with disability, and individuals from the CALD and LGBTQI+ communities to apply. Even if you don’t check every box in the criteria above, we encourage you to apply today or get in touch with us here.

To provide you with the best experience, we can accommodate you at any stage of the recruitment process. Simply inform our Recruitment team at any time.

TAL is recognised by the Workplace Gender Equality Agency as an Employer of Choice. We are proud to be a member of Diversity Council Australia and the Australian Network on Disability. For information on our reconciliation journey, please read our Innovate Reconciliation Action Plan.

We acknowledge the Traditional Custodians of the Land in which our Head Office is based, the land of the Gadigal people of the Eora Nation, and recognise their deep connections to the land, sea, and culture.
We extend this acknowledgment to the many Traditional Lands that we operate across and pay our respects to Elders past, present, and emerging. 

#LI-Hybrid 

Everyone at TAL has a responsibility to do the right thing and is accountable for the way they conduct themselves. Our expectations are that you follow the principles set out in our Code of Conduct when you come to work every day. Risk management is everyone’s responsibility.

If you are already a TAL employee please apply via the SmartRecruiters button in Workday and navigate to the Employee Portal. This is important to ensure that your application is recorded accurately.