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TPRM Director

Date:  Jun 23, 2022
Location: 

Denver, CO, US (United States)

 

Founded in 1921 and publicly traded since 1925, Newmont (www.newmont.com) is one of the largest gold companies in the world. Headquartered in Denver, Colorado, the company has approximately 24,000 employees and contractors, with the majority working at Newmont's core operations in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold company listed in the S&P 500 index and in 2007 became the first gold company selected to be part of the Dow Jones Sustainability World Index. Newmont's industry leading performance is reflected through high standards in environmental management, health and safety for its employees and creating value and opportunity for host communities and shareholders.

About this role

The Director of TPRM (Director) will be responsible for defining strategies necessary to further mature and evolve the third party risk management program, process and tools while expanding the program to promote greater uniformity, transparency, awareness, and coordination across various risk disciplines and functional/business areas. This role will provide oversight, leadership, management, and collaboration related to the third-party risk management program scope and activities – and promote a company-wide risk-based approach to manage third parties. 

This role will lead and manage the strategic development, customization, and improvement of third-party risk management systems, and processes consistent with Newmont’s risk appetite and aligned with the critical needs of the various third-party risk owners across the organization.

In this role you will

Here is a snapshot of what your day to day will look like:

  • Third Party Risk Universe: Responsible for mapping, assessing, and monitoring Newmont’s third-party risk universe ensuring alignment with the organization’s Risk Management System (RMS), serving as a SME to identify and address key third party-related risks and areas of concerns associated with new and existing third-party relationships.
  • Consistent Third-party Risk Assessment: Responsible for defining an updated and streamlined methodology to assess third-party risk, capturing and balancing the third-party risk management priorities of the various third-party risk owners throughout the organization (e.g., compliance and regulatory, commercial, health and safety, human rights, etc.).
  • Cohesive Risk Mitigation Strategy: Responsible for creating and maintaining partnerships with all third-party risk owners throughout the organization to seek alignment, synergies, and cohesion of the third-party risk management program, processes, and tools.
  • Find and develop synergies and opportunities across multiple governance, risk, and compliance functions, and other internal partner organizations.

Duties

  • Support Functional Risk Mitigation: Coordinate with, and provide support to, the respective third-party risk owners in the definition of consistent and fit-for-purpose third-party due diligence and monitoring frameworks, processes, and controls for their respective risk areas.
  • Tools and Systems: Drive the rationalization and simplification of third-party risk management tools and systems globally ensuring that these serve the goals and objectives of the program and the third-party risk management needs identified with the various third-party risk owners.
  • Responsible for systems/tools vendor management and solution identification - manage relationships associated with third party risk management tools and services to ensure appropriate tools are available and effectively leveraged.
  • Compliance oversight: Responsible for designing, implementing, and executing structured oversight/compliance monitoring/auditing activities to reasonably ensure adherence to the defined due diligence and monitoring frameworks, processes and controls defined for each third-party risk component.
  • Liaise and coordinate with the respective third-party risk owners regarding the prioritization and remediation of gaps identified through the oversight/compliance monitoring/auditing activities.
  • Training and Awareness: Conduct training throughout the enterprise to ensure TPRM awareness.
  • Management Reporting: Developing integrated and fit for purpose ongoing management reporting: (a) monitoring and maintaining Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for appropriate escalation to stakeholders, and (b) developing a TPRM-related dashboard that highlights key TPRM program metrics and statistics (e.g., third-party risk, non-compliance incidents and red flags, program efficiencies/value add)

In addition to the above, the Director will need to be in constant coordination with numerous functional employees who are responsible for conducting daily activities such as identifying risk, facilitating the due diligence and supplier risk processes, reviewing transactions, and maintaining required documentation. 

Your training, skills & experience checklist

Here is what we would need to see from you!
Experience:

  • Bachelor’s degree in relevant area.
  • 7-10 years of experience in third party risk management with an in-depth understanding of third-party due diligence and monitoring programs, frameworks, and standard methodologies at multiple international companies.
  • Strong understanding of the principles of third-party risk management and their relationship to corporate governance activities and their organizational impact.
  • Mining, extractive, construction, utilities or other related experience is preferred.
  • Exceptional execution and strong project management experience including the ability to work efficiently and proactively, prioritize and easily re-prioritize issues and workflows, meet demanding deadlines (including outside normal US business hours), and run multi-dimensional projects in a fast-paced environment.
  • Strong and deep familiarity with data, processes, tools, and systems supporting third party risk management including but not limited to SAP, Ariba and Navex Risk Rate.


Skills and Abilities:

  • Ability to develop tactical and strategic plans to enhance and extend existing third-party risk management program capabilities and approaches.
  • Provide leadership and guidance to the business partners on best practice and continuous improvements for processes, strategies, and other operational activities.  Forward-thinking with regard to risk assessment and potential.
  • Demonstrated consistent credibility as a subject matter expert with business partners and leadership while recommending initiatives, identifying gaps, and potential issues
  • Strong interpersonal skills, cultural competency, and the ability to work as part of a diverse, global, and virtual team.
  • Demonstrated ability to use sound judgment and strong leadership and ability to influence execution through others without control at all levels within the organization
  • Excellent conceptual and critical thinking skills complimented by strategic orientation with ability to respond tactically, via a risk-based approach.
  • Self-starter with ability to work independently in and adapt to fast paced, frequently changing environments (i.e., organizational agility and flexibility) and effective in driving cross-functional projects and organizational change initiatives.
  • Excellent written and verbal communication skills – and the ability to present complex topics to business audiences.

Working Conditions & Location

Where you will be located!

  • The preferred location for this position is Denver but qualified candidates in other US locations are encouraged to apply as relocation or remote work options may be considered

To learn more about Newmont visit us at:

Our business success comes from the accomplishments and well-being of our employees and contractors. Our goal is to build a workplace culture that fosters leaders and allows every person to thrive, contribute, and grow. We are committed to selecting and developing our employees, and to establishing a work environment where everyone can take an active part in reaching our strategic goals while feeling a sense of pride in working at Newmont.

Newmont seeks to recruit, hire, place and promote qualified applicants, meaning applicants who meet the minimum requirements of the position, without regard to personal characteristics such as gender, race, nationality, ethnic, social and indigenous origin, religion or belief, disability, age or sexual orientation or any other characteristic protected by applicable law.

NOTE: Newmont does not ask for or require job applicants to pay money to apply or be considered for employment with the Company. In addition, Newmont does not ask potential job candidates to provide sensitive personal data without first submitting a job application through our secure, online portal, and only as requested for legitimate business purposes.  If you are asked to provide money or sensitive personal data through any other means, do not respond and please report this immediately to it.sec@newmont.com.

Consistent with Newmont’s values of safety and responsibility, we believe that COVID-19 vaccination is a critical tool to fight this pandemic and protect the health and safety of Newmont’s workforce and the communities in which we work and live. With the wide availability of vaccines in the United States, if you are offered this position, you will have to show proof of a COVID-19 vaccine prior to being hired.  This requirement will be subject to an exemption process, as required by law.  Newmont may update its vaccination policies/requirements at any time in its sole discretion.


Nearest Major Market: Denver