Outsourcing & Third Party Risk Management Specialist

Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow

At Allianz Commercial (AZC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AZC has the major risks covered when it comes to protecting businesses.

Job Purpose / Role:

As the Outsourcing & Third Party Risk Management (TPRM) Specialist in Singapore, you will ensure that service contracts comply with both local and global legal and regulatory requirements. You will serve as the point of contact for relevant service contracts within Allianz Commercial. In this role, you will collaborate closely with the Allianz Commercial Global Outsourcing and TPRM teams based in Germany. You will be responsible for communicating regulatory requirements to stakeholders and implementing local processes to consult Business Owners in fulfilling their responsibilities. 

Key Responsibilities:

Governance & Compliance

• Ensure third party agreements comply with global and local Allianz Corporate Rules, security regulations, and legal terms.
• Monitor and report on Outsourcing and TPRM related topics; liaise with governance partners and auditors and maintain traceable Outsourcing/TPRM documentation.
• Maintain risk control systems for local Outsourcing and TPRM.
• Conduct self-assessments and reviews to ensure compliance with guidelines (e.g., Monetary Authority of Singapore) address gaps in coordination with the Global Outsourcing and TPRM Teams.

Processes & Systems

• Maintain an up-to-date inventory of all relevant third party agreements and key documentation for reporting purposes.
• Enhance processes by creating and updating corporate rules and guidelines to Outsourcing and TPRM.
• Develop and refine automation and industrialization of local Outsourcing and TPRM processes.

Stakeholder Interaction

• Advise Business Owners on policy compliance and provide regular compliance reports to local Management.
• Serve as the contact for related third party contracts within Allianz Commercial.
• Collaborate closely with Allianz Global Outsourcing and TPRM teams in Germany.

Key Experience / Requirements / Skills:

Required Experience

• 1-3 years hands on experience in a field related to Compliance, Protection & Resilience, Procurement Governance, Risk Management.
• Hands on experience with working across multiple cultures / regions.
• Experience with governance/procurement related tools (e.g. SAP Ariba) and processes are a plus.

Required Education

• Bachelor or master degree in business administration, law or another related field.

Technical Skills

• Legal & Compliance skills
• Project Management skills
• Quality Management skills

General Skills

• Analytic and Problem Solving: Analyze, study or examine data in depth to draw conclusions.
• Communication and Presentation: Manage to express one's thoughts and put one's messages across clearly through speech or writing.
• Performance Measurement: Facilitate methods to measure and evaluate the performance of TPRM/Outsourcing on certain parameters.
• Change Management.

Languages

• Proficiency in both written and spoken English
• Multilingual or fluency in local language is a plus.

54877 | Procurement | Professional | Allianz Commercial | Full-Time | Permanent

What is in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package.

Let’s care for your opportunities to progress
From career development and digital learning programmes to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns
From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to help people returning from career breaks with experience that nothing else can teach. We’ve got your back.

Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients.

Care to join us?
Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 

Learn more about Early careers at Allianz Commercial by clicking here
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our culture.

People with disabilities:
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.

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