Principal, Global Third-Party Risk Management.

OverviewThe Principal, Global Third-Party Risk Management is responsible to develop, establish and support Herbalife Third-Party Risk Management (TPRM) initiatives on a global basis.

The Principal will work with key stakeholders from Ethics and Compliance, Legal, Member Services, Finance, Internal Audit, Global Strategic Sourcing and the requester department.

The Principal will develop and implement a comprehensive third-party risk assessment, monitoring program and mitigation program, including the strategy, roadmap, processes, work instructions, tools, software, reporting, policies, training, automation and metrics.

The Principal will support Global Third-Party Risk Management strategies, build, enhance and maintain Third-Party risk profiles and mitigation plans for Herbalife key Third-Party relationships.

The Principal will be responsible to ensure that Herbalife conducts its business in full compliance with regulations that pertain to its industry, as well as professional standards, accepted business practices, and internal standards and policies.

The third-party term includes vendors, distributors and banks globally.

The risk assessments covered by this position focus on money laundering, corruption, international sanctions, political exposure and adverse media.How You Would ContributeManage the Global Third-Party Risk Management Lifecycle by ensuring identified third parties are screened and analyzed for compliance with industry regulations, professional standards, and internal policies.Oversee compliance risk policies, procedures and requirements related to contracts, monitoring and the due diligence processes necessary to manage third-party risk effectively.Collaborate with various teams to identify, assess, and mitigate risks, conduct audits, and monitor data in real-time guaranteeing adherence to policies.Optimize and simplify processes, due diligence, policy governance, risk criteria and tools ensuring alignment with organizational goals and regulatory requirements.Collaborate with compliance and risk experts and other key stakeholders in Global Strategic Sourcing, Legal, Ethics and Compliance, Member Services, Finance, Internal Audit to evaluate, plan, monitor and report on critical risk management initiatives and mitigation strategies.Maintain and improve the global due diligence systems for Government Service Providers and the monitoring systems for Vendors, Banks, and Distributors.Detect and mitigate potential compliance risks related to government service providers, vendors, banks, and distributors globally and conduct thorough investigations and report findings.Develop, analyze and distribute reporting and visualization regarding Third-Party risk management including Third-Party risk monitoring and workload.Provide training for vendors and internal users on policy, system and due diligence and support the team in daily operational activities to ensure processes are performed in a timely and compliant manner.Perform Ad-Hoc Activities and Support Initiatives to support management requests.Team & CultureActive role in an international structure and opportunity for development.Work in a pleasant atmosphere, in a dynamic environment.Partner with other leaders across the company to implement improved processes and pursue strategic objectives globally.Build and maintain positive relationships, demonstrate teamwork and collaboration.QualificationsSkills and Background Required to be SuccessfulMin 5 years of relevant functional experience with a focus on Third-Party risk monitoring, compliance and controls, government suppliers, Politically Exposed Entities, Due Diligence and investigations processes and international sanctions related to suppliers, banks and persons.Min 5 years of experience with leadership skills and the ability to drive performance and development aligned with all levels of management.Proven track record of achieving project timelines and goals.

Proactive, self-starter with strong data analysis and problem-solving skills.Ability to work collaboratively with various stakeholders and handle ad-hoc tasks and changing priorities.Excellent interpersonal, written, and verbal communication skills and effective decision making with the ability to exercise independent judgment in a wide range of scenarios.Advanced computer skills (Microsoft Excel, Word, PowerPoint, Outlook, Teams, PowerBI, and related software).

Fluent in English; any other language is an asset.EducationBachelor's degree or university degree, ideally in Business, Administration, Supply Chain, Economics, Finance or an equivalent combination of education and experience.Seniority levelMid-Senior levelEmployment typeFull-timeJob functionEducation and TrainingIndustriesWellness and Fitness ServicesReferrals increase your chances of interviewing at Herbalife by 2xGet notified about new Principal jobs in Tlaquepaque, Jalisco, Mexico.

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