Job Description

Work for the IMF. Work for the World.

The Corporate Services and Facilities (CSF) Department of the International Monetary Fund (IMF) is currently looking to fill a Third Party Risk Officer (contractual) position.

The selected candidate will work within the Third-Party Risk Management (TPRM) Section of the General Services Division which is responsible to identify, assess, report, and manage third party vendor risks.

The Third Party Risk Officer will support the Third-Party Risk Management (TPRM) program by assessing, evaluating and mitigating risks presented to the Fund including operational, legal, reputational and financial risks when dealing with existing and potential vendors. The Third Party Risk Officer will be responsible for conducting third party risk assessments, evaluating the suitability of vendors prior to the RFP award and confirming they are properly vetted from the information security, business continuity, financial, sourcing, and legal perspectives. In addition, ensuring that appropriate controls are in place prior to establishing (i.e. during RFP) or during continuing operations with the vendor (i.e. after entering contract).

The Third Party Risk Officer will establish strong working relationships with subject matter experts (SME)s, the Information Technology Department, the Legal Department, the Office of Risk Management and project managers to apply TPRM assessment criteria. This position reports to the Section Chief, TPRM in CSF General Services Division.

Main duties and responsibilities

• Coordinate management of third-party risk and due diligence by ensuring that appropriate risk assessments are completed
• Help identify, measure and communicate operational and third-party risks for new and existing vendors
• Provides support for the upcoming deployment of the integrated procurement – risk tool
• Perform financial risk assessment for vendors and analyze financial statements
• Ensure that adequate, appropriate and current third-party risk documentation is maintained
• Develop corrective action plans and effectively manage change when required
• Provide risk oversight and document vendor risk analyses
• Evaluate vendors to determine risk tier
• Assist project managers and business sponsors with RFP development and due diligence documentation
• Provide guidance and training to stakeholders on TPRM program requirements and continuous improvement for procurement processes, risk assessments and other operational activities
• Work with other functions to understand, support and/or advise in development and implementation of controls that mitigate risks
• Provide support creating policies, procedures and governance documents for TPRM processes
• Perform other duties as assigned

Minimum Qualifications

Educational development, typically acquired through the completion of an advanced university degree in business administration, compliance, audit, technology/ IT, finance, risk management, legal, procurement/contract management, or a related field of study; or a university degree, or equivalent, supplemented by a minimum of six years of relevant professional experience.

In addition, the successful candidate must have:

• Familiarity with RFP process, contract negotiation, invoice processing or legal terms review preferred
• Strong knowledge of operational risks and controls
• Strong understanding of financial risks related to vendors
• Facilitation and conflict management skills that enable effective working relationships and efficient interactions by work groups or teams
• Ability to communicate succinctly and develop communication strategies across multiple stakeholder groups
• Relevant risk management certification is a plus
• Self-motivated, ability to work independently, strong organizational skills
• Proficient in Word, Excel, Outlook, PowerPoint
• Prior experience in managing third-party risk management processes would be a plus

This is a two-year contractual appointment. Contractual appointments at the IMF are renewable for up to four years of cumulative contractual service, pending incumbent's performance, budget availability and continuous business need.

Department:

CSFDGTP Corporate Services & Facilities Dept General Services Third-Party Risk Management Section

Hiring For:

A09, A10

The IMF is guided by the principle that the employment, classification, promotion, and assignment of staff shall be made without discrimination against any person. We welcome requests for reasonable accommodations for disabilities during the selection process. Information on how to request accommodations will be provided during the application process.