Third Party Risk Management Specialist

CTC Building
137 Allenbill Dr
Johnstown, PA 15904, USA

• Inherent Risk Assessment:
  Work with Business Line Owners to evaluate each proposed vendor relationship and assign the appropriate inherent risk tier.
• Rigorous Document Analysis:
  Collect, review, and challenge third-party control documentation, including SOC 1 and SOC 2 Type II reports, audited financials, and business continuity plans.
• Contract Safeguards:
  Work with Legal and Procurement to include required regulatory provisions in vendor contracts, such as audit rights, service-level agreements (SLAs), and data security requirements.
• Secure Offboarding:
  Coordinate offboarding for terminated relationships, verifying data destruction, system access removal, and final contract closeout.

• Periodic Reassessments:
  Maintain the review schedule and conduct formal periodic risk assessments for all third parties in accordance with the Bank’s Third-Party Relationship Risk Management Program.
• Financial Viability Monitoring:
  Evaluate the ongoing financial health of critical third parties using financial statements and credit metrics to identify risks that could disrupt operations.
• Issue and Gap Remediation:
  Document deficiencies identified during periodic reviews, track corrective actions, and work with vendor contacts to meet remediation deadlines.
• Fourth-Party Risks:
  Identify and monitor concentration risks where primary vendors rely heavily on critical downstream subcontractors.
• Lead Enterprise Third-Party Disruption Drills:
  Orchestrate annual, bank wide BCP and Pandemic tabletop exercises centered on critical third-party outages. Collaborate across all business lines to simulate, evaluate, and strengthen the bank's collective resilience during a major vendor crisis

• Regulatory Alignment:
  Maintain and periodically update the Bank’s TPRM framework to reflect current regulatory requirements and the Interagency Guidance on Third
  - Party Relationships.
• Executive Reporting:
  Prepare vendor risk summaries, concentration dashboards, and open-issue logs for review by the Board of Directors.
• Exam Liaison:
  Serve as the principal point of contact for internal auditors and examiners regarding the third-party risk management program.
• Perform other duties as assigned.

• Excellent verbal and written communication skills.
• Strong organizational and time-management skills, with close attention to detail and a demonstrated ability to meet deadlines.
• Ability to work independently to achieve goals and objectives.
• Ability to evaluate key contract provisions and propose changes as necessary
• Proficient with Microsoft Office Suite or related software.
• Strong ability to interpret and evaluate information security posture, SOC reports, and financial statements of corporate vendors.

• This position does not supervise employees.

• High school diploma or equivalent required.
• Bachelor’s degree in business or a related field preferred. In lieu of a bachelor’s degree, a minimum of (five) 5 years of equivalent experience is required.
• Experience in using and administering a dedicated vendor management platform is preferred.
• Knowledge of the Interagency Guidance on Third-Party Relationships, FFIEC IT examination handbooks, and GLBA data privacy expectations preferred.
• Professional
  
  Certifications:
  
  CTPRP, CISA, CRISC, or a comparable professional certification is preferred.

• Ability to maintain concentration and mental alertness are needed to perform the position’s responsibilities.
• Ability to lift to and move up to 25 pounds.
• Ability to communicate effectively with customers and staff in person, by email, and by telephone.
• Ability to sit or stand for extended periods.
• The position may require close vision and the ability to adjust focus.
• Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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