Principal, Global Third-Party Risk Management.

Overview

The 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 various departments such as Ethics and Compliance, Legal, Member Services, Finance, Internal Audit, Global Strategic Sourcing and the requester department. The Manager 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 is conducting 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 assessment focused by this position includes money laundering, corruption, international sanctions, Politically Exposed Person and adverse media.

How You Would Contribute

• Manage 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 with 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 effectively with compliance and risk experts and other key stakeholders in Global Strategic Sourcing, Legal, Ethics and Compliance, Member Services, Finance, Internal Audit etc. 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 with regards to 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 supporting the team in daily operation activities to make sure supported processes are performed in timely and compliant manner.
• Perform Ad-Hoc Activities and Support Initiatives to support management requests

What’s Special About the Team

Qualifications

Education

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