Director, Third Party Due Diligence

Company: AmTrust North America
Location: Cleveland
Posted on: June 25, 2022

Job Description:

Overview OverviewThe Director of Third-Party Due Diligence will be responsible for developing, deploying, and maintaining AmTrust's Third-Party Due Diligence ("TPDD") program. This includes reviewing third-party risk assessments, developing tools, and implementing procedures to effectively handle third-party risk throughout the third-party lifecycle. - Responsibilities Responsibilities

• Collaborate with all Lines of Business, Audit, Information Technology, Compliance, and other areas of the company to provide a comprehensive framework for managing third party risks
• Mitigate third-party risk by following established procedures and monitoring controls, spotting key errors and demonstrating strong ethical behavior
• Develop, communicate, and ensure adherence to AmTrust's risk policies, procedures and best practices
• Organize and lead remediation efforts
• Lead and contribute to special projects including program enhancements, resource coordination, and senior management presentations
• Develop and strengthen relationships with business partners and risk control functions
• Stay abreast of industry and market events that impact third-party risk management processes
• Foster an environment of regulatory awareness and ensure regulatory compliance
• Support and monitor ongoing staff education and development in effective risk management Qualifications Qualifications
  • Experience in managing larger and smaller vendor partners with a proven history of implementing successful, cost saving programs.
  • Knowledge of the insurance industry, rules, and regulations
  • Bachelor's Degree. JD/Master's degree preferred
  • 5+ years of experience in vendor management
  • Ability to work independently under time pressure
  • Analytical, problem-solving and decision-making skills
  • Solid communication, negotiation, and relationship management skillWhat We OfferAmTrust Financial Services offers a great work environment, competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical and Dental Plans, Life Insurance, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, and Paid Time Off.AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.

Keywords: AmTrust North America, Cleveland , Director, Third Party Due Diligence, Executive , Cleveland, Ohio