Third Party Risk Management Lead, North America Insurance Operations
Sompo · Charlotte, NC · Yesterday
Hybrid$130k–$195k/yrFull-time
About the role
The Third Party Risk Management Lead will play a key role in implementing the Global TPRM Framework locally, coordinating with Central Global TPRM, and partnering with regional business, compliance, risk, legal, procurement, finance, and operational stakeholders to ensure third-party engagements are managed effectively and in accordance with internal requirements and applicable regulations. This position can be based out of our Morristown, NJ or Charlotte, NC office locations.
Responsibilities
- Implement and support the Global Third Party Risk Management (TPRM) framework across North America, ensuring alignment with enterprise policies, standards, tools, and reporting requirements.
- Oversee third-party governance activities across the full lifecycle, including onboarding, due diligence, ongoing reviews, renewals, and terminations.
- Monitor regional third-party compliance with internal policies, governance standards, and applicable regulatory requirements, escalating operational, compliance, contractual, or vendor risks as needed.
- Maintain governance trackers, dashboards, and reporting to provide visibility into the regional third-party portfolio, risk status, compliance obligations, and key milestones.
- Partner with business owners, contract owners, and cross-functional teams including Legal, Compliance, Risk, Finance, Procurement, IT, and Operations to ensure timely documentation, performance monitoring, and issue resolution.
- Identify process improvement opportunities, strengthen controls and documentation, and support training, audit, regulatory, and stakeholder communication activities related to third-party oversight.
Qualifications
- 10+ years of experience in contract administration, vendor management, procurement operations, third-party governance, or related roles.
- Experience in insurance, financial services, or another regulated industry preferred.
- Strong knowledge of contract lifecycle administration, vendor governance, and tracking of SLAs, renewals, contractual obligations, and governance deliverables.
- Demonstrated ability to manage multiple agreements, deadlines, and stakeholder groups in a fast-paced environment with strong organization and attention to detail.
- Excellent communication, analytical, and problem-solving skills, with the ability to work cross-functionally, build partnerships, and recommend process improvements.
- Bachelor's degree or equivalent experience preferred; proficiency in Microsoft Office and experience with contract lifecycle, procurement, or workflow tools preferred, with ongoing professional development considered a plus.
Pay
Salary Range: $130,000 – $195,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.
Benefits
- Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
- Pharmacy benefits with mail order options
- Dental benefits including orthodontia benefits for adults and children
- Vision benefits
- Health Care & Dependent Care Flexible Spending Accounts
- Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
- Company-paid Disability benefits with very competitive salary continuation payments
- 401(k) Retirement Savings Plan with competitive employer contributions
- Competitive paid-time-off programs, including company-paid holidays
- Competitive Parental Leave Benefits & Adoption Assistance program
- Employee Assistance Program
- Tax-Free Commuter Benefit
- Tuition Reimbursement & Professional Qualification benefits