Assistant Vice President, Third Party Risk Management

Responsibilities

• Ensures that all Third-Party Risk Management (TPRM) Policies & Procedures are adhered to in the execution of the program throughout the full TPRM Lifecycle.
• Interface with second line of defense (SLOD) review and challenge and Internal Audit.
• Responsible for addressing, documenting and escalating Trigger Events for their assigned Engagements.
• Support preparation of TPRM portfolio and third-party performance for Risk and Management Committees, as required.
• Provides input into the TPRM Policy and System enhancements.
• Responsible for ensuring that the phases of the Third-Party Lifecycle are completed.
• Consults with the relevant Subject Matter Experts and acts as single point-of-contact for Third Party’s completion of risk-driven questions and/or documentation requests.
• Responsible for ensuring issues and risks are appropriately remediated or escalation protocols are followed.
• Responsible for the proper termination of activities within the TPRM Lifecycle.
• Consults with the Service Requestors throughout the phases of Third-Party Relationship Lifecycle.
• Responsible for quality of documentation in FLoD and TPRM systems.
• Responsible for providing support for risk assessments for engagements under the Third-Party Portfolio.
• Responsible for information sharing about the Third Party to other TPMs and SRs, as necessary.
• Awareness of corporate insurance requirements for third parties
• Compliance with applicable rules and guidance impacting the TPRM program including OCC, F , FDIC, SEC, FFIEC, FINRA; in addition to other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan's Financial Services Agency, Canada's Superintendent of Financial Institutions, and those in Latin American).

• Bachelor’s degree required
• 3+ years Third Party Management experience
• Basic understanding of the financial services industry
• Basic understanding of Operational Risk Management Programs and frameworks
• Experience managing Third-Party relationships
• Knowledge of regulatory bodies governing financial services
• Strong analytical mindset, able to manage risks both at the micro and macro levels
• Ability to identify issues and work them to closure, including remediation and escalation where appropriate
• Strong communication skills and ability to create effective level appropriate executive presentations
• Discretion and diplomacy when dealing with sensitive issues
• Desire and talent for building and maintaining relationships
• A commitment to protect the bank from all risk exposure
• Experience working across a diverse set of stakeholders with positive results
• Advanced experience with MS Office, Archer, Ariba, and Teams is preferred.