Third Party Risk Management - Portfolio Risk Manager

U.S. Bank National Association is seeking a highly self-motivated manager within TPRM Portfolio Risk Management. The Manager plays a critical role in overseeing the execution of the TPRM program with a strong focus on process execution process improvement and ensuring a team of Risk Managers appropriately execute against the TPRM policy including risk identification assessment and mitigation throughout the third party lifecycle. This role goes beyond managing process execution- it is responsible for proactively evaluating and managing third party risk in partnership with key stakeholders to protect the company from potential exposure and ensure resilience.

This position serves as a trusted advisor to the business driving risk-based decision-making while ensuring alignment with regulatory expectations policy requirements and service-level objectives. With direct responsibility for partnering with Product Service Owners (PSOs) in assigned Business Lines (BL) BL Chief Risk Officers (CRO) staff Risk/Compliance/Audit (RCA) Managers Procurement Partners Law Division Technology and Information Security teams to manage the end-to-end execution of third-party risk management lifecycle.

Key Responsibilities

• Strategic Risk Oversight
  Provide leadership in identifying assessing and mitigating third-party risks across the enterprise with a focus on critical services operational resilience information security compliance and concentration risk. Drive alignment with enterprise risk appetite and regulatory expectations.
• Program Governance & Lifecycle Management
  Oversee the execution and continuous improvement of third-party lifecycle processesincluding due diligence risk assessments monitoring issue remediation and exit strategiesensuring consistency with internal policies and control frameworks.
• Cross-Functional Leadership & Stakeholder Engagement
  Act as a strategic advisor and escalation point for business line leaders risk SMEs legal compliance and procurement. Facilitate informed decision-making and ensure appropriate risk treatment strategies are applied across third-party engagements.
• Performance & Service Level Oversight
  Lead the governance of third-party performance against defined SLAs and KPIs. Drive accountability for remediation of underperformance and ensure alignment with business continuity and resiliency objectives.
• Regulatory & Policy Alignment
  Maintain subject matter expertise on evolving regulatory requirements (e.g. OCC FRB DORA) and internal policies. Ensure the TPRM program remains compliant and audit-ready and proactively address regulatory changes.
• Portfolio & Relationship Management
  Provide oversight of third-party portfolios across business lines ensuring effective segmentation risk assessments and alignment with strategic objectives. Foster strong relationships with key third-party contacts and internal stakeholders to support service delivery and risk mitigation.
• Process Optimization & Continuous Improvement
  Champion enhancements to TPRM tools processes and reporting capabilities. Promote a culture of continuous improvement and innovation leveraging data and insights to inform strategic decisions.
• Risk Reporting & Governance Support
  Support business line CROs and risk committees with timely accurate reporting on third-party risk posture emerging issues and remediation progress. Ensure transparency and accountability across the TPRM ecosystem.

Qualifications

• Bachelors degree in risk management Business Finance or related field (advanced certifications such as CTPRP CRVPM preferred).
• 6 years of experience in third-party risk vendor management or enterprise risk functions with demonstrated leadership in program or team management.
• Deep understanding of third-party risk domains (e.g. cybersecurity compliance operational resilience).
• Proven ability to influence across functions and levels including senior leadership.
• Strong analytical communication and problem-solving skills.
• Experience with TPRM platforms (e.g. Archer ServiceNow) and contract lifecycle tools.
• Ability to manage competing priorities in a dynamic fast-paced environment.
• Strategic thinker with a proactive risk-aware mindset.

The role offers a hybrid/flexible schedule which means theres an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.