Senior Manager Third Party Risk Management

About the role

This position is responsible for providing subject matter expertise, managing, and performing key functions necessary to satisfy requirements of the Third-Party Risk Management (TPRM) program, including program projects and initiatives.

Responsibilities

• Execute Flawlessly
  • Executes and oversees all aspects of the TPRM Program function including working with and overseeing business teams on onboarding, risk assessments and ongoing monitoring of third parties, maintenance of detailed procedural documents and updates to policy per EWS risk appetite and regulatory changes.
• Solving Problems
  • Leverages experience to evaluate the adequacy, effectiveness and execution of policies, procedures, processes, and internal controls; recommends and drives improvements or enhancements in alignment with internal strategies, industry best practices, standard security frameworks, and regulatory guidance.
• Relationships Fostered
  • Champions a high-performing environment attracting, retaining, and motivating both direct and indirect team members. Builds and fosters a strong rapport and relationship across the enterprise to collaborate with key stakeholder including Procurement, Legal, Security, Compliance, Privacy, Technology, and other business functions to identify, assess and design plans to mitigate and monitor risks associated with third parties.
• Strategically Centered
  • Collaborate with management in the design, maintenance, and reporting of Key Performance and Key Risk indicators; develops and provides a regular reporting framework on third party risk management to deliver meaningful reporting across all areas; utilizes reporting to evaluate adherence to program within 1LOD and 2LOD to identify opportunities and best practices to influence risk taking activities in alignment with risk appetite.
• Risk management culture: Supports the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data.
• Innovation Minded
  • Identifies and drives opportunities to mature the TPRM Program, through ongoing assessment to ensure that it is fit for purpose and effectively enabling the business to reduce material risk exposures and extend risk-taking activity as it relates to third parties where the business benefits outweigh the risks.

Requirements

Education and/or experience typically obtained through completion of a bachelor’s degree in relevant discipline; A minimum of 10+ years of direct/ related third party risk management experience is required. 5+ years prior financial institution experience in third party risk management and an understanding of contractual arrangements with third parties. Experience in data gathering, analysis and problem-solving skills, with ability to summarize raw data into a cohesive story for management and stakeholders. Extensive experience leading high performing teams with willingness to roll up sleeves do the work, and a passion for driving program evolution and continuous improvement. Process driven and experienced being able to develop and execute processes that scale. Strong attention to detail and highly results oriented. Demonstrated experience in operational risk, data protection risk, information security risk, or other risk management role with knowledge of third-party regulatory requirements. Broad banking understanding and knowledge of security approaches that support operational processes.

Qualifications

Broad banking understanding and knowledge of security approaches that support operational processes.

Skills

Professional Third Party certifications including Regulatory Vendor Program Manager (CRVM), Certified Third Party Risk Professional (CTPRP) and other industry relevant certifications. Project or Process management experience. Professional information security certifications (e.g., Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Certified Information Systems Auditor (CISA), Certified Third Party Risk Professional (CTPRP)). Experience working with enterprise GRC tools and automation. Experience with ISO, GLBA, FFIEC, NIST and other pertinent compliance regulations and guidelines. Experience with Shared Assessments Standard Information Gathering Questionnaire (SIG) and processes.

Benefits

The Base Pay Scale For This Position In Phoenix, AZ/ Chicago, IL / Washington, DC in USD per year is: $129,000 - $161,000. New York, NY/ San Francisco, CA in USD per year is: $154,000 - $193,000. Additionally, candidates are eligible for a discretionary incentive plan and benefits. This pay scale is subject to change and is not necessarily reflective of actual compensation that may be earned, nor a promise of any specific pay for any specific candidate, which is always dependent on legitimate factors considered at the time of job offer. Early Warning Services takes into consideration a variety of factors when determining a competitive salary offer, including, but not limited to, the job scope, market rates and geographic location of a position, candidate’s education, experience, training, and specialized skills or certification(s) in relation to the job requirements and compared with internal equity (peers).