The regulatory landscape in the financial industry is changing at an unprecedented rate and maintaining corporate compliance is a challenge. ING has the responsibility to ensure it remains fully compliant with legal and regulatory (e.g. EBA and DORA) obligations. As contract owners are not always aware of the obligations to be fulfilled and evidenced, you will have a pivotal role in supporting them to become and remain compliant with their TP contract throughout their entire contract lifecycle.
You will work in the central TPRM (Third Party Risk Management) function which is a new function within ING and currently being set up and process is being designed which is supported by new Internal tooling. The aim of this function is to guide & steer business in managing contracts where risk is involved. The TPRM function orchestrates functional groups (such as Legal, CISO, Procurement, NFR, etc.) and functionally steers local teams to achieve this goal.
Today more and more regulations are hitting significant number of Third Party Contracts. Each day we are faced with new requirements all having a different scope and impacting risk management in different ways (EBA, OCIR, DORA, GDPR, etc.) Therefore, we are building a robust systematic solution and process in this large number challenge.
The TPRM process is part of the 1st Line of Defense: In this function you will work in a small team (9 FTE locally) with other TPRM Process experts worldwide and you functionally report to the TPRM Process owner in Amsterdam
Your responsibilities:
- TPRM process development: Support the design and develop a comprehensive process tailored to the specific needs and regulatory requirements of the bank. This includes creating procedures, and guidelines for third-party risk identification, assessment, due diligence, ongoing monitoring, and remediation. To do this you will Interact with group specialists, ORM, Auditors and authorities related. In addition, you will support the Global TPRM functional lead in managing, updating, and maintaining the TIPM backlog and the related stakeholders.
- Framework Implementation: Support the implementation of the TPRM framework across the organization, ensuring alignment with industry best practices, regulatory guidelines, and internal risk management policies. Collaborate with cross-functional teams, such as procurement, legal, compliance, IT, etc. to ensure seamless integration of TPRM processes. Ensure all relevant documents are and remains up to date with latest development.
- Risk Assessment and Due Diligence: Support the (re)design and continuous development of risk assessment process to evaluate potential third-party risks, including financial, operational, reputational, and compliance risks. Develop and implement due diligence procedures to assess the suitability and integrity of third-party vendors and service providers.
- Ongoing Monitoring and Reporting: Support the design and implementation of a robust monitoring process to continuously assess and track the risks associated with third-party relationships. Establish regular reporting mechanisms to provide management and stakeholders with timely updates on third-party risk exposures, mitigation efforts, and compliance with all relevant policies.
- Stakeholder Engagement: Collaborate with internal stakeholders, including senior management, business lines, and risk functions, to promote awareness of TPRM principles and foster a culture of risk awareness and accountability. Provide guidance and training to employees involved in third-party relationships to ensure consistent adherence to TPRM policies and procedures.
- Regulatory Compliance: Stay up to date with relevant laws, regulations, and industry guidelines related to third-party risk management. Ensure the bank's TPRM practices align with regulatory expectations and implement necessary enhancements to maintain compliance.
- Support the enhancements of the TPRM target system in the different countries and actively support countries who are live with the target system and as such ensure that the TPRM function is perceived as expert team by countries.
- Community manager: Drive and support the building of an active and lively international TPRM community.
Job profile
As main skills, capabilities, and behavior:
- Thorough understanding and experience (2+ years) of Contract management in financial sector
- Solid knowledge of regulatory environment and Third-Party Risk management
- Well organized and structured able to prioritize.
- Project management skills being able to link multiple expertise areas (SMEs) in reaching same objectives and tight deadlines.
- Good balance between high level and detailed level views and able to understand dependencies, connections, and related processes.
- Strategic thinking and able to find pragmatic solutions.
- Curious, eager to learn and understand the needs and expectations (challenge the status quo)
- Good communication skills and able to explain the business rationale (WHY) relating to different seniority levels (from execution to senior to top management
- Creative and innovative focusing with de-cluttering mindset and simplification of complex processes.
- Able to identify, understand and leverage good practices from ING Group and market.
- Knowledge of and experience with relevant Procurement compliance areas is an advantage.
- Knowledge of and experience in process design and optimization.
Requirements for employees
Candidates with education suit the position.
Follow-up/Higher Professional Education
University education (bachelor’s degree)
University education (master’s degree)
Educational Specialization
Economics, Law
Language skills
English - Advanced (C1)
Number of years of experience
2+
Skills:
- Fluent in English, written and spoken.
- Excellent communication, networking skills.
- Make complex topics simple and transparent.
- Critical thinking with decisiveness.
- Excellent social and effective communication skills; able to influence and persuade.
- Proactive / hands-on attitude.
- Risk awareness.
- Ability to build bridges, bring people together (interpersonal awareness), act as a sparring partner to various stakeholders.
- Ability to manage different stakeholders on the operational, tactical, and strategic level, and navigate through different cultural environments.
- Organizational sensitivity with persuasiveness-skills and ability to use indirect influence.
- Overcomes barriers for change and engages others to act.
- A client focused attitude linked to a sound understanding of how to achieve operational excellence in a compliant environment.
- Strong work ethic combined with a structured and disciplined approach, resulting in ‘getting things done’.
Wage (gross)
- 2 295 EUR/month
- *By legal requirement we are providing the information about the basic wage component (minimum salary) for the advertised position. Based on your experience/profile, the final financial conditions will be the subject to discuss and negotiate at the personal interview, however, not less than above mentioned minimum salary component.
We offer you a bunch of great benefits.
Friendly working environment
- You build your own working day - flexible working hours and work from home.
- Daily working time: 7hrs 45min instead of standard 8hrs
- Daily refreshments - coffee, fruits, drinks
- Fully equipped gym accessible 24 hours / 7 days per week
- Game room with unlimited access.
- Modern designed coffee corner and terrace with the grill spot
WellbeING
- Sick leave compensation: up to 80% of the monthly salary
- Life insurance contribution: up to 22,14 EUR/per month
- 3rd pillar contribution: up to 3% from your monthly salary
- 24/7 external mental health support
- Learning opportunities: internal and external learning programs
- Regular team building, social events, and communities
YOU/family/friends time
- Extra 3 PERSONAL days per year
- Extra vacation days: up to 10 extra days/per year
- We welcome your ING-positive friends: referrals starting from 1000 EUR.
- 150€ for childbirth/adoption bonus, wedding day and registered partnership contributions, work anniversary award
- Our premises are open 24/7 and you can even bring your friends or family along (up to 2 friends to the gym and game room)
Extra perks
- Yearly bonus based on your performance and company’s results.
- Cafeteria points: 50€/month (600€/year) - choose when and how to spend them.
- Home office contribution: 20 EUR/per month
- Discounts from our and your favorite stores: up to 30%
- Warm welcome package for your fresh start
- Pet friendly office
