Senior Manager, Risk & Controls

This is a 40 hr/week hybrid role in Westlake, TX.

Responsibilities

• Execute a robust third-party risk management framework to assess, monitor, and mitigate vendor risks through risk assessment and oversight activities.
• Consistently follow risk assessment methodologies to evaluate third-party vendors based on criticality, compliance, cybersecurity, operational resilience, and financial stability.
• Collaborate with cross-functional teams (e.g. Legal, Cybersecurity, Compliance, Finance) to ensure a holistic approach to risk.
• Drive completion of risk assessments and identify obstacles to contracting or continued relationships with third parties.
• Ensure risk assessment reviews are thorough and confirm completion of due diligence prior to agreement signature.
• Ensure that all activities and efforts are consistent with Schwab policies and guidelines and in alignment with regulatory guidance.
• Participate in the identification of policy and procedure adjustments to address the evolving risk environment and emerging risks related to third party vendors both onshore and offshore.
• Work on complex problems of diverse scope where analysis of data requires evaluation of a variety of tangible and intangible factors.
• Ensure third-party risk management practices comply with industry regulations, internal policies, and best practices.
• Stay updated on evolving regulatory landscapes affecting third-party risk and recommend necessary program adjustments.
• Establish risk mitigation strategies for high-risk vendors.
• Conduct regular risk reporting and escalate critical vendor risks to leadership.
• Leverage third-party risk management tools and technology to streamline all aspects of risk reporting.
• Drive automation and efficiency improvements in team processes.
• Develop and deliver brown bag risk discussions and quarterly risk awareness discussion for internal stakeholders.
• Responsible for adhering to third-party risk metrics supporting completeness, accuracy and timeliness of third-party risk activities.
• Assists with acquiring data and providing information during Internal Audit Reviews and Regulatory Examinations.
• Acts as an advisor to peers by applying broad range of knowledge, skills, and experiences within the area of risk expertise.

Requirements

• 7+ years professional experience ideally in vendor management, risk management, or internal audit.
• 2+ years of experience working in a highly regulated financial services environment.
• Strong understanding of risk frameworks, regulations, and best practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and stakeholder management abilities.
• Professional certification(s) applicable to risk management such as the CTPRP or CRVPM.
• Ability to work independently with close attention to detail with a record of tracking and measuring results.
• Demonstrated ability to handle ambiguity, while implementing new requirements.
• Must be able to build positive relationships throughout the organization.
• Knowledge of emerging vendor risks such as AI ethics, ESG risks, geopolitical risk, and digital assets.
• Knowledge of internal controls, financial/banking regulations, operational risk and/or vendor risk assessments.
• Excellent interpersonal, verbal and written communication skills.
• Bachelors degree or equivalent professional experience is required.
• Proficiency in third-party risk management tools and technologies solutions.
• SAP Ariba (Cloud version) experience a plus but not required.

In this position, you may have access to client or customer systems, confidential and/or proprietary information or data, including financial information. This position requires you to work closely with other individuals in a collaborative team environment.