Manager - Third Party Risk Management

Our team members are at the heart of everything we do. At Cencora, we are united in our responsibility to create healthier futures, and every person here is essential to us being able to deliver on that purpose. If you want to make a difference at the center of health, come join our innovative company and help us improve the lives of people and animals everywhere. Apply todayJob DetailsThe TPRM Manager will lead the overall governance related to onboarding third-party vendors, monitoring their performance and compliance, tracking issues, and managing their termination. This role also involves supervising and leading a team of associates who are responsible for these day-to-day operations. This position entails building strong working relationships with Risk Groups, the Legal Department, Vendor Service Owners (VSOs), Sourcing, and other internal risk management and assurance partners. Reporting to the Third-Party Risk Senior Manager in Enterprise Risk Management, the TPRM Manager may also collaborate with other teams on specific projects.Primary Duties and ResponsibilitiesIdentify, measure, and report operational and Third-Party Risk Management risksSupport management of third-party risk onboarding and due diligence by ensuring appropriate risk assessments are completedSupervise a team of associates responsible for day-to-day operations related to vendor onboarding, due diligence, contract management, ongoing monitoring, and terminations.Support Vendor Service Owners with due diligence documentation and evaluation of third-party relationships.Execute issue management end-to-end activities (issue identification, prioritization, assignment, remediation, closure) for matters pertaining to third partiesEnsure adequate, appropriate, and current third-party risk documentation is maintained in the Third-Party Risk Management Software SystemLeverage the Third-Party Risk Management Software System as the system of record and as a reporting tool to analyze vendors for risk analysisConsult with business leaders to effectively manage change when requiredProvide risk oversight for process improvement projects, as needed.Liaise with senior management and Third-Party Risk Management stakeholders.Develop and oversee ongoing monitoring activities in alignment with TPRM policy.Provide subject matter expertise on various components of Third-Party Risk Management.Assist in developing and facilitating training materials for the Third-Party Risk Management program.Collaborate with other risk functions to support and advise in the development and implementation of risk mitigation controls.Conduct quality control reviews on data and submissions by stakeholders.Assist in creating and documenting procedures for departmental processes.Maintain policies and governance documents related to the Third-Party Risk Management program.Monitor and assess the effectiveness of inter-dependent risk and related program policies, procedures, processes, systems, and internal controls.Prepare reports and communicate risk findings and recommendations to senior management and stakeholders.Review contracts to ensure inclusion of required terms and conditions.Work with management and stakeholders to ensure proper vendor termination procedures are in place and enforced.Continuously refine the Third-Party Risk Management Program in response to emerging trends and evolving industry best practices and regulatory requirements.Perform other duties as assigned.Experience and Educational RequirementsMust have a minimum of five (5) years of experience in third party risk or other applicable role. Prior experience in Third Party Risk Management, Procurement, or managing supplier relationships preferred. Bachelor's degree required.Experience in coding or programming is a plus.Minimum Skill, Knowledge and Ability RequirementsS

Created: 2025-12-05