Senior Third-Party Risk Management Specialist

We’re excited you’re considering joining a great place to work! 

Texas Mutual is deeply committed to creating and maintaining an environment of mutual respect and is proud to be an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to age, race, color, national origin, religion, sex, gender identity, sexual orientation, genetic information, veteran status, or any other basis protected by local, state, or federal law.

About this PositionAt Texas Mutual, we’re on a mission to build a stronger, safer Texas. As the largest workers’ compensation provider in Texas, we help injured workers return to a productive life, give businesses the tools to thrive, invest in our communities, and empower our employees to do their best work. The Risk Office supports that goal by identifying, assessing, and evaluating risks and opportunities and mitigating risks that may significantly affect the company’s ability to achieve its strategic objectives.
As a Senior Third-Party Risk Management Specialist, you'll play a vital role in our Business Resilience department in Enterprise Risk Management. In this role, you'll lead our third-party risk management program, collaborating closely with the vendor management program to support the company's strategic goals while mitigating the risks of third-party partnerships. You will also collaborate with stakeholders across the company to develop innovative risk assessment strategies, mitigate potential risks, and drive continuous improvement in our vendor risk management processes. You should have experience with telling the story of risk: helping vendor relationship owners and leadership develop a full-picture of a vendor's risk profile. Having experience developing and refining TPRM software platforms is the plus! This role is perfect for a driven professional who excels in analytical thinking, cross-functional collaboration, and strategic problem-solving.

Responsibilities & Qualifications

In this role you will:

• Develop, refine, and maintain third-party risk management procedures

• Collaborate with and educate departments on third-party risk assessment processes, results, and their potential impact on operations, promoting a deeper understanding of vendor relationships and associated risks

• Conduct and or oversee comprehensive risk assessments for our third-party products and services, including the assessment of financial, business continuity, information security, and technology risks

• Analyze vendor responses and documentation to identify potential risks

• Implement and manage ongoing monitoring processes for vendor performance and risk profiles

• Conduct periodic re-assessments of key vendors

• Prepare regular reports and analysis on vendor risk status for management and committees

• Communicate risk recommendations to partners across the organization

• Coordinate with Legal team to capture and report on contractual risks for third parties

• Work with IT and Information Security teams to address specific risk areas

• Maintain accurate and up-to-date records of all vendor risk management activities and outcomes

• Implement opportunities for improvement of the third-party risk management program based on industry best practices and company policies

• Use and maintain third-party risk management software or tools, supporting the selection and implementation of new risk management technologies

Required qualifications:

• Bachelor’s degree in business administration, Risk Management, Information Technology, or a related field or equivalent education, training, or experience

• At least 4 years of experience in third-party risk management, preferably in the insurance or financial services industry or equivalent education, training, or experience

• Demonstrated knowledge of risk assessment methodologies and best practices

• Proficiency in data analysis and reporting

• Strong analytical and critical thinking skills with attention to detail and accuracy

• Excellent written and verbal communication abilities

• Ability to work independently, manage multiple priorities, and meet deadlines

• Collaborator with strong people skills able to effectively interface with all levels of internal management, other departments, and stakeholders across the organization.

• Adaptable and open to change in a dynamic business environment

Preferred qualifications:

• Professional certifications such as CISA, CISSP, or CRISC

• Experience with business terms within contract review

Texas Mutual Pay Transparency

The base pay range is based on the market evaluation of the job and may include pay for multiple levels. Individual base pay within the range is determined by a variety of factors, including experience, performance, education, and demonstration of skills and competencies required for each role. Your recruiter can discuss the full value of our total compensation package with you, including our generous bonus plans and flex-hybrid work model.

Base Pay Range: $99,985.50 - $123,511.50 Per Year

Flex-Hybrid Work Environment:

Texas Mutual’s flex-hybrid schedule allows you to bring your best self to work by working remotely and collaborating in the office based on business needs. All Texas Mutual employees are required to have Texas residency and travel to their designated office as needed.

Our Benefits:

• Annual performance bonus and merit-based pay increase

• Lifestyle Savings Account ($1,000 per year)

• Automatic 4% employer contribution to retirement plan

• 401k plan with 100% employer match up to 6%

• Student loan repayment matching in 401k plan

• Three weeks’ time off for vacation

• Nine paid holidays and two personal days each year

• Day one health, Rx, vision and dental insurance

• Life and disability insurance

• Flexible spending account

• Pet insurance and pet Rx discounts

• Free on-site gym, fitness classes, and health and wellness resources

• Free identity theft protection

• Free student loan repayment and refinancing consultation

• Professional development and tuition reimbursement

• Employee referral bonus

• Free onsite snacks