Engaging a third-party can expose the organization to a range of risks, including compliance, credit, information security, offshore, operational, reputational and/or strategic risks. The Third-Party Risk Management (TPRM) team plays a critical role in mitigating these risks through close collaboration with Legal, Sourcing, business partners, and other Subject Matter Experts, throughout the third-party lifecycle - from due diligence to performance and risk management. The Senior Specialist of Third-Party Risk Management is responsible for fostering strong partnerships with internal stakeholders to assist in consistently completing the requirements associated with managing third party relationships. This includes a) assisting with the completion of with assessments to accurately document the existing and evolving use cases associated to the products or services offered by third parties through the completion of internal inherent risk, ongoing performance management, and replacement plan assessments, b) educating internal stakeholders of responsibilities, risks, and issues associated to managing third party relationships as detailed in the Third Party Risk Management Program, c) maintaining accurate inventories associated to each third party relationship, and d) ensuring risks are appropriately managed and remediated to minimize risk and increase value third-party relationships Responsibilities: • Build strong relationships with internal stakeholders through regular meetings to share risk insights and promote third-party risk management best practices to mitigate risk and improve value. • Support stakeholders in accurately documenting third-party services, use cases, internal stakeholder ownership, and risk ratings through inherent risk intake forms. • Assist internal stakeholders with the completion of ongoing third-party performance management activities, including documenting changes, roadblocks, SLA adherence, and operational performance. • Support stakeholders document third-party transition and replacement plans, ensuring dependencies and strategies are clearly defined. • Maintain an accurate inventory of third-party relationships, including services provided and responsible internal owners. • Collaborate with internal stakeholders to resolve risks identified through the third-party risk management processes. • Update and maintain internal team procedures and organizational training materials to support third-party risk management standards. • Drive the completion of jurisdictional risk assessments by partnering with cross-functional teams, providing guidance, and escalating material risks to senior leadership. • Contribute to special projects and maintenance of operational process solutions to strengthen the firm's third-party risk management practices. What are we looking for? We're looking for strong collaborators who deliver exceptional client experiences and thrive in fast-paced, team-oriented environments. Our ideal candidates pursue greatness, act with integrity, and are driven to help our clients succeed. We value those who embrace creativity, continuous improvement, and contribute to a culture where we win together and create and share joy in our work. Requirements: • Bachelor's degree and 5+ years relevant experience with focus in Risk Management • Knowledge of information security, resiliency, and risk controls • Knowledge of Third-Party Risk Management or Procurement functions • MS Office skills including Excel, Word and PowerPoint • Experience with financial services or other highly regulated industries Core Competencies: • Interpersonal skills to build strong relationships with key stakeholders to facilitate actions which support risk objectives. • Knowledge of sourcing and third party risk management within financial services, or other highly regulated industries • Written and verbal communication skills, capable of clearly and concisely conveying complex and technical concepts to diverse audiences • Demonstrable experience of working with GRC tools, preferably OneTrust • A high level of proficiency required for MS Excel and PowerPoint • Organizational skills with attention to detail, to meet deadlines in an environment of continually changing priorities • Detail orientated with strong analytical skills and ability to synthesize complex data • Experience partnering with external vendors, including vendor and contract management ability, is desirable • Planning and organizational skills with meticulous attention to detail to consistently meet deadlines in fast-paced and ever-changing contexts. • Ability to work comfortably with incomplete information and deal with ambiguity in a fast-paced environment • Unimpeachable ethical standards and a strong work ethic #LI-PA Pay Range: $79,825.00 - $132,973.00 Actual base salary varies based on factors, including but not limited to, relevant skill, prior experience, education, base salary of internal peers, demonstrated performance, and geographic location. Additionally, LPL Total Rewards package is highly competitive, designed to support your success at work, at home, and at play - such as 401K matching, health benefits, employee stock options, paid time off, volunteer time off, and more. Your recruiter will be happy to discuss all that LPL has to offer!