Third Party Management Senior Specialist at Juru Holdings

Job Description

• This role provides advanced operational and strategic support to the Third-Party Risk Management Centre of Excellence (CoE) within the Contracts & Sourcing function.
• The Senior Specialist plays a critical role in enhancing the maturity, effectiveness, and integration of third-party risk management practices, supporting the Head of the CoE in driving group-wide oversight, governance, and continuous improvement.
• The Third-Party Management Senior Specialist contributes to the expert lead leadership and enhances the organisation's third-party risk management (TPRM) framework by conducting complex risk assessments, advising on risk mitigation strategies, and ensuring compliance with regulatory and internal standards.
• The role plays a critical part in safeguarding the organization from risks associated with outsourcing, vendor relationships, and third-party engagements.
• Lead and execute comprehensive risk assessments for high-risk third parties, including due diligence, onboarding, and periodic reviews. Develop and enhance third-party risk management policies, procedures, and tools.
• Collaborate with procurement, legal, compliance, IT security, and business units to ensure integrated risk management practices. Monitor and report on third-party performance, risk indicators, and compliance with contractual obligations.
• Provide expert guidance on risk mitigation strategies and remediation plans. Lead or support audits, regulatory reviews, and internal investigations related to third-party risk.
• Mentor and support junior team members, sharing expertise and best practices. Stay abreast of regulatory developments (e.g., POPIA, GDPR, FSCA requirements) and industry trends impacting third-party risk.

Strategic Support & Oversight

• Support the Head of the CoE in the execution of strategic initiatives, including the integration of third-party risk management into broader governance structures.
• Provide objective oversight and contribute to the development and refinement of third-party risk frameworks, methodologies, and minimum standards.
• Facilitate and coordinate cross-functional engagements to identify, assess, and monitor material third-party risks.

Risk Identification & Reporting

• Lead complex risk assessments and provide expert analysis of third-party risk exposures, including 4th/Nth party risks and concentration risks.
• Monitor and report on third-party risk trends, incidents, and control effectiveness to senior stakeholders, including Exco, Audit, Risk and Compliance Committees.
• Support the escalation and resolution of material risks and non-compliance issues.

Framework & Process Enhancement

• Champion the continuous improvement of third-party risk management processes, tools, and data quality across the CoE.
• Drive alignment and consistency in third-party tiering, segmentation, and risk rating practices.
• Contribute to the development and maintenance

Stakeholder Engagement & Enablement

• Provide expert guidance and coaching to CoE team members, control owners, risk coordinators, and other internal stakeholders.
• Act as a change agent in promoting a strong third-party risk culture and embedding risk management practices across the organisation.
• Represent the CoE in strategic and operational forums, providing insights and recommendations on third-party risk matters.

Operational Excellence

• Support the Head of the CoE in tracking performance against executive targets and risk maturity objectives.
• Facilitate the execution of requests from senior governance bodies and ensure appropriate follow-through and corrective actions.
• Contribute to the optimisation of CoE operations, including cost efficiency, data integrity, and process

 Qualifications & Experience

• Minimum 3-5 years of experience in risk management, with a strong focus on third-party risk.
• Strong understanding of third-party risk management principles, frameworks, and tools.
• Strong understanding of regulatory requirements and governance practices related to third-party risk.
• Third-party risk management certification and/or qualification (advantageous).
• Experience with third-party risk management tools and data analytics (advantageous).
• Excellent stakeholder engagement, communication, and facilitation skills.

 Skills

• Builds Rapport
• Change Management
• Data Analysis
• Database Reporting
• Data Compilation
• High Risk Typologies Methodologies
• Information Retrieval
• Issue Management
• Numerics
• Project Risk and Issue Management
• Risk Management
• Stakeholder Expectation Management
• Threat Assessment
• Good verbal Communications

Competencies

• Balances Stakeholders
• Business Insight
• Communicates Effectively
• Ensures Accountability
• Financial Acumen
• Instills Trust
• Manages Complexity
• Optimizes Work Processes

Education

• NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent (Required)