Affiliate Transactions and Third-Party Risk Management Lead (ATPRM Lead) -Ford Credit Bank

About the role

The Ford Motor Credit Company team helps put people behind the wheels of great Ford and Lincoln vehicles. By partnering with dealerships, we provide financing, personalized service, and professional expertise to thousands of dealers and millions of customers in over one hundred countries around the world.

Responsibilities

• Collaborate in the development and implementation of the Bank’s Third-party and Affiliate Transaction risk management programs to align with the Bank’s risk appetite and comply with regulatory guidance, Sections 23A and 23B of the Federal Reserve Act, Regulation W, and Bank Policy
• Support in regulatory examinations, internal audits, and external audits of the ATPRM program, respond to exams and audit concerns, and coordinate corrective action of all related findings
• Independent 2LOD oversight, review, and challenge of 1LOD processes of third-party activities across all lifecycle risks and affiliate activities
• Contribute to establishing and maintaining effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures
• Assist with the development of a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts
• Partner on developing and maintaining Third-Party and Affiliate Transaction risk-related monitoring, reporting, and escalation processes and systems in all related activities
• Contribute to establishing an Anti-Tying program, which includes monitoring, reporting, and escalation procedures and processes to ensure regulatory and bank policy compliance
• Work with cross-functional teams, committees, and external stakeholders to review new and existing third-party and affiliate relationships
• Assist with governance execution by ensuring compliance with charter, setting agendas, facilitating meetings, and compiling standard reporting
• Coordinate Third-Party Risk management, Affiliate Transaction, and Anti-Tying related training to directors, management, and employees to ensure integration of an appropriate risk mindset throughout the Bank
• Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews
• As part of the risk assessments evaluate existing controls and proactively identify new control requirements, where applicable
• Enhance policies, procedures, and standards, where applicable

Requirements

• Bachelor’s degree preferred
• 3-5+ years of banking or regulated industry experience
• A minimum of 2 years' experience in Third-Party Risk
• Knowledge of third-party lifecycle management, governance and compliance including interagency regulations
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information

Qualifications

• Must be legally authorized to work in the United States

Skills

• Knowledge of third-party lifecycle management, governance and compliance including interagency regulations
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day

Pay

Salary grade 8 and ranges from $94,800-$166,200.

Schedule

This position is hybrid. Candidates who are in commuting distance to a Ford hub location may be required to be onsite four or more days per week.