Third Party Risk Manager
Third Party Risk Manager
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Job Description
This position is remote specific to the following states VA SC NC and WV with occasional travel to in person meetings in Richmond VA.
ThirdParty Risk Manager
The Manager of ThirdParty Risk will lead the daytoday activities of the ThirdParty Risk Management (TPRM) Program working under the guidance of the Director of TPRM. They will facilitate each phase of the TPRM lifecycle for all stakeholders including relationship owners risk domain subject matter experts (SMEs) and vendors. They will drive the TPRM program towards consistent and continuous improvement.
Responsibilities:
Lead the of each phase of the TPRM lifecycle according to the TPRM Policy and Procedures.
Maintain the Banks TPRM Policy and Procedures making updates in response to process changes changes in the Banks risk profile regulatory guidance changes etc. as appropriate.
Create new and maintain desktop procedures and job aides as needed.
Maintain the Banks inventory of third parties including performing controls over its completeness and accuracy and creating reports.
Facilitate intake of new thirdparty requests using critical thinking to understand the goals of the business and the expected nature of the relationship with the third party.
Manage the request collection and review of due diligence materials collaborating with thirdparty contacts the relationship owner and the risk domain SMEs.
Provide effective challenge on due diligence review and risk assessments.
Review contracts and capture key data for contract management.
Maintain and execute the ongoing monitoring schedule for the TPRM inventory.
Facilitate the termination of thirdparty products services and relationships.
Develop and use checklists and other quality control measures as needed to ensure documentation is properly completed and stored.
Update and administrate Monday boards and other systems of record.
Create status reports and memos across TPRM systems and using MS Word PowerPoint and Excel.
Monitor the effective operation of the TPRM program along with industry leading practices to identify opportunities for improvements.
Communicate clearly and factually to stakeholders including explaining and training the TPRM program.
Support internal and external audit requests risk assessments and regulatory exams.
Perform other duties as assigned.
Be a good teammate.
Live the companys core values.
Basic Qualifications:
Bachelors degree in Business Finance Risk Management or a related field
7 years of Banking industry experience
Basic familiarity with banking products and services
Basic familiarity with different domains of risk
Basic familiarity with industry compliance standards and regulations
Knowledge of risk and controls fundamentals
Experience working with vendors/third parties
Ability to read and understand a contract
Technology native comfortable adopting and improving workflows within a system
Experience with creating policies procedures job aides and training materials
Strong computer skills relevant to Microsoft Office (e.g. Word Excel PowerPoint Teams).
Experience comparing data sets in MS Excel and using Excel functions
Strong communication skills.
Strong organizational skills and attention to detail.
Strong decisionmaking/problem resolution skills.
Preferred Qualifications:
Advanced studies in Risk Management Vendor Management and/or Banking
5 years of Risk Management experience
5 years of experience with Third Party Risk Vendor Management or Procurement
Certification such as PMP C3PRMP CBAP CRISC CRVPM VRMP
Experience configuring enterprise software
Experience using query builders pivot tables or other report generation methods
Executive presentation skills
Required Experience:
Manager
Employment Type
Full Time
