Principal, Global Third-Party Risk Management

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, Global Third-Party Risk Management 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, Global Third-Party Risk Management 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, Global Third-Party Risk Management 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 include vendors, distributors and banks globally. The risk assessment covered by this position are focus on money laundering, corruption, international sanctions, Political expose 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: (Give insight to the team dynamic and environment)
•    Active role in an international structure and opportunity for development. 
•    Work in a pleasant atmosphere, in a dynamic environment,
•    Work effectively and partner with other leaders across the company to implement improved processes and pursue strategic objectives globally
•    Build and maintain positive relationship, demonstrate teamwork collaboration and

SKILLS AND BACKGROUND REQUIRED TO BE SUCCESSFUL: 
•    Min 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 to suppliers, banks and persons.
•    Min 5 years of experience with excellent leadership skills and with the ability to drive performance and development aligns work with all levels of management.
•    Demonstrated record of achieving project timelines and goals. Proactive, self-starter with proven track record of driving results. Critical thinker, impeccable data analysis and problem-solving skills. 
•    Ability to work collaboratively with various stakeholder and flexibility to handle ad-hoc tasks and changing priorities. 
•    Excellent interpersonal, written, and verbal communication skills and effective decision maker with ability to exercise independent judgement in a wide range of scenarios
•    Advanced computer skills (Microsoft Excel, Word, PowerPoint, Outlook, Teams, PowerBI various software packages).
•    Fluent in English, any other language is an asset.

Education
•    Bachelor’s degree or university degree, ideally Business, Administration, Supply Chain, Economics, Finances or equivalent combination of education and experience