Third Party Risk Analyst

Company Description

• Join us in shaping the future of the insurance industry, driven by innovation and a 150-year legacy of protecting people
• Be part of a team that invests in your growth, offering exclusive industry accreditation and a variety of learning experiences. 
• Work alongside diverse, passionate colleagues and leaders who inspire, support, and value your contributions.

Welcome to TAL. As a leading life insurer, we’ve been protecting Australians for over 150 years. Backed by Dai-ichi Life, we're driven by big ambitions and empower to create better products and services. 

Whatever your ambitions, take your career further than you ever imagined. If you’ve never considered insurance before, think again! With diverse, meaningful projects and a global network of opportunities, we offer so much more.  

We invest in our people and partnerships. Our learning experiences are vast, including exclusive industry accreditation, and we're building capability for the future, both for TAL and the broader industry. When challenges arise (and they will), our supportive team will be there to help you grow.

Job Description

TAL relies on Third Parties in the conduct of its business. While these relationships offer significant benefits, they also introduce various risks that can impact TAL’s customers, operations, reputation and/or financial stability. The new APRA prudential standard CPS 230 Operational Risk Management will be looking to ensure that APRA regulated entities are resilient to operational risks and disruptions including managing risks arising from the use of Third Parties.

The Third Party Risk Analyst plays a critical role in supporting the effective implementation of the Third Party Risk Management Policy including identifying, assessing, mitigating and monitoring the risks associated with our Third Party arrangements. You will provide support for the delivery and embedment of Policy requirements.

This is a hands-on role to support the business in successfully achieving compliance with the new Policy requirements.

• Collaborate with various business units to implement and embed the specific requirements of the new Third Party Risk Management Policy. In particular, this will involve providing support to L1 Ris teams as the Policy requirements are embedded to existing and new Third Parties. 
• Provide support to ensure risk management activities related to Third Parties are conducted in accordance with all relevant policies and procedures and is reflected downstream in the relevant business profile’s risks and controls
• Support the business in conducting risk assessments and due diligence during onboarding of Third Parties.
• Support the business in monitoring the performance of Third Parties including control effectiveness and reporting to relevant Committees.
• Support compliance with the Policy for Material Service Providers and supporting submission of the Material Service Provider Register on an annual basis.

Qualifications

• A minimum of 1-3 years of experience in Risk analysis, preferably in the Insurance industry
• Experience working across multiple business units in a large and complex organisation
• Excellent analytical and problem-solving skills
• A can-do and presentable attitude

Additional Information

TAL is one of Australia’s leading life insurers, committed to inclusion, and supporting the career growth of our diverse workforce. We’re proud to be:  

• An Inclusive Employer – Recognised as Employer of Choice for Gender Equality by the Workplace Gender Equality Agency and Bronze Tier Status within the Australian Workplace Equality Index  
• Diversity Champions – Member of Diversity Council Australia, Australian Disability Network, Pride in Diversity and Champions of Change  
• Reconciliation Advocates – Read our Innovate Reconciliation Action Plan. 
• We welcome applications from people with diverse experiences, perspectives and backgrounds including Aboriginal and Torres Strait Islander people, caregivers, individuals living with disabilities, people from culturally diverse backgrounds and the LGBTIQ+ community.  
• Need adjustments during the recruitment process? Let our team know by getting in touch with us here.—we’re here to support you. 

You’re always accountable for your actions. You never give up. You strive to find the best outcomes for customers and partners. And you value working together to find the best solutions for problems.  

As part of the recruitment process, there are several checks which may be conducted to demonstrate your eligibility for a role at TAL including Criminal History, Bankruptcy, Entitlement to Work, Regulatory and Reference Checks.  

#LI-Hybrid  

Everyone at TAL has a responsibility to do the right thing and is accountable for the way they conduct themselves. Our expectations are that you follow the principles set out in our Code of Conduct when you come to work every day. Risk management is everyone’s responsibility.

If you are already a TAL employee please apply via the SmartRecruiters button in Workday and navigate to the Employee Portal. This is important to ensure that your application is recorded accurately.