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Third Party Risk Lead

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Location: Columbus, OH, United States
Date Posted:
Req ID: R00934900

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Job Summary
The Third Party Risk Lead works with internal and external Business Partners to assess and mitigate risks throughout the supply chain. The Lead drives the development of processes, tools and templates to identify, prioritize, manage, mitigate and monitor disruptions, allowing effective management of supplier risks on a proactive basis to ensure compliance, business continuity and resilience. Responsibilities of this role include providing data analysis reporting on third party risk, focusing on conducting and evaluating third party risk assessments and applying established criteria across defined risk domains to mitigate supplier relationship risks.

*Open to all candidates located within the NiSource footprint (with a preference for Columbus and Merrillville headquarters)

Essential Functions

  • Leads the on-going development and maturing of the Third Party Risk Management Program, through collaboration with stakeholders, process improvement and automation
  • Manages & performs data analytics on assigned vendor assessments, including interfacing with suppliers, gathering data responses/questionnaires, and ensures diligent follow up with third-party and business areas/functional teams for missing information or response.
  • Facilitates the review of risk subject matter experts and other business stakeholders when appropriate throughout the lifecycle of an engagement from onboarding to termination, including a risk analysis and recommendations for corrective action if warranted .
  • Monitors and tracks identified issues and risks presented by third-party relationships through resolution, working in collaboration with Category Management, business units and functional risk domain subject matter experts to identify gaps in controls and recommend corrective action.
  • Applies a continuous improvement mindset to recommend process enhancements on policy, standards, procedures, tools, templates and reporting.
  • Synthesize insights into concise and impactful presentations to support NiSource strategic objectives and ensure appropriate level of risk awareness
  • Maintains a broad knowledge of third-party risks, trends, and best practices as part of continuous education
  • Creates, publishes, and monitors relevant supply chain metrics and reporting to provide data visibility and support business needs, identifies areas of risk and recommends solution options.
  • Develops and executes communications plans for the Third Party Risk Program
  • Develops and delivers organizational training and education in support of the Third Party Risk Program and automation
  • As needed, represents the Supply Chain team in execution of strategic projects collaborating with cross functional teams
  • Interprets and enforces policies, standards, and procedures for compliance by third party suppliers, and recommends remedial action for non-compliance to the assigned functional team.

  • Required Qualifications For Position
  • Bachelor's Degree Business, Supply Chain or related area preferred
  • 3+ years In the area of third party risk management and/or supplier relationship management
  • Comprehensive understanding of procurement and supply chain processes and systems High
  • Proficiency in Microsoft Office suite High
  • Strong project management skills with a track record of successful project execution High
  • Strong financial and business acumen, and ability to analyze information to provide insight-driven recommendations High
  • Ability to identify challenges and propose creative solutions Medium
  • Knowledge or experience with SAP Ariba Low
  • Demonstrated leadership skills Low
  • Experience in leading change management and effective positive organizational, process or culture change Low
  • Preferred Additional Qualifications for Position
  • Master's Degree
  • 1-3 years Utility industry experience
  • The preceding description is not designed to be a complete list of all duties and responsibilities required of the position.

Inclusion & Diversity 
Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent all walks of life and all backgrounds.

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity 
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, genetic information, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities. 

Safety Statement
Promote a safe work environment by actively participating in all aspects of our employee safety program.  Report any unsafe conditions and take actions to prevent personal injuries.  Support our interdependent safety culture by ensuring the safety of your co-workers.  Stay focused on the task at hand and promote productivity through good work habits.

Salary Range:

$91,000.00 - $136,600.00

Posting Start Date:


Posting End Date (if applicable):

Please note that the job posting will close on the day before the posting end date.

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