Third Party Risk Manager

Welcome to Geico Auto Insurance! We are currently seeking a highly qualified Third Party Risk Manager to join our team. As a Third Party Risk Manager, you will play a crucial role in ensuring that our company is protected from potential risks and liabilities associated with working with external parties. This is a challenging yet rewarding position for someone who thrives in a fast-paced and dynamic environment. We are looking for candidates who possess strong analytical skills, excellent communication abilities, and a deep understanding of risk management principles. If you are ready to take on this exciting opportunity and contribute to the success of our company, we encourage you to apply.

1. Develop and implement risk management strategies and protocols to mitigate potential risks associated with third party relationships.
2. Conduct thorough risk assessments of new and existing third party vendors, partners, and contractors.
3. Monitor and evaluate the performance of third party entities to ensure compliance with company policies and procedures.
4. Identify potential risks and liabilities in third party contracts and negotiate appropriate terms to protect the company's interests.
5. Collaborate with cross-functional teams to establish and maintain clear communication channels with third party entities.
6. Stay updated on industry regulations and best practices related to third party risk management.
7. Analyze data and provide reports on third party risk management to senior management.
8. Develop and maintain relationships with key stakeholders and third party representatives.
9. Act as a liaison between the company and third party entities for risk-related matters.
10. Train and educate employees on risk management principles and protocols related to third party relationships.
11. Continuously review and improve third party risk management processes and procedures.
12. Respond to and resolve any issues or incidents related to third party risks in a timely and efficient manner.
13. Maintain accurate and up-to-date records of third party risk management activities.
14. Proactively identify potential areas of improvement to enhance the overall risk management strategy of the company.
15. Collaborate with legal and compliance teams to ensure third party relationships comply with all relevant laws and regulations.

According to JobzMall, the average salary range for a Third Party Risk Manager in Fredericksburg, VA 22401, USA is $82,000 - $120,000 per year. However, this can vary depending on the specific company, level of experience, and other factors.

The Government Employees Insurance Company is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. It's Parent organization is Berkshire Hathaway.