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 Ethics and Compliance, Legal, Member Services, Finance, Internal Audit, Global Strategic Sourcing and the requester department. The role includes developing and implementing 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 and maintain third-party risk profiles and mitigation plans for Herbalife key third-party relationships. The role ensures Herbalife conducts business in full compliance with industry regulations, professional standards, internal standards and policies. The third-party term includes vendors, distributors and banks globally. The risk assessment focuses on money laundering, corruption, international sanctions, politically exposed persons and adverse media.
Responsibilities
- 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 to 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 to align with organizational goals and regulatory requirements.
- Collaborate with compliance and risk experts and other key stakeholders in Global Strategic Sourcing, Legal, Ethics and Compliance, Member Services, Finance, Internal Audit to evaluate, plan, monitor and report on critical risk management initiatives and mitigation strategies.
- Maintain and improve 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 investigations and report findings.
- Develop, analyze and distribute reporting and visualization related to third-party risk management including monitoring and workload.
- Provide training for vendors and internal users on policy, system and due diligence; support the team in daily operations to ensure processes are performed timely and compliantly.
- Perform ad-hoc activities and support initiatives to respond to management requests.
Team & Culture
- Active role in an international structure with development opportunities.
- Work in a pleasant, dynamic environment and partner with leaders across the company to implement improved processes globally.
- Build and maintain positive relationships, demonstrate teamwork and collaboration.
Qualifications
- Minimum 5 years of relevant 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 for suppliers, banks and persons.
- Minimum 5 years of experience with leadership skills and the ability to drive performance.
- Proven track record of achieving project timelines; proactive, self-starter with strong data analysis and problem-solving skills.
- Ability to work collaboratively with various stakeholders and adapt to ad-hoc tasks and changing priorities.
- Excellent interpersonal, written and verbal communication skills; ability to exercise independent judgment.
- Advanced computer skills (Microsoft Excel, Word, PowerPoint, Outlook, Teams, Power BI, and related software).
- Fluent in English; additional languages are an asset.
Education
- Bachelor’s degree or university degree, ideally in Business, Administration, Supply Chain, Economics, Finance or equivalent combination of education and experience.
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📌 Principal, Global Third-Party Risk Management
🏢 Herbalife
📍 Chihuahua