Job Description
Title: Director of Third-Party Risk Management
Location: New York City, NY
Duration: Direct Full-time
Job Description:
- Client is a full-service payments, lending and banking provider that delivers global financial services through a personal approach.
- Seeking a Director of Third-Party Risk. This individual will be responsible for the developing and executing Third Party Risk Management Framework and is the Risk Program owner for Third Party Risk. The leader plays a critical role in the Third-Party Risk Oversight Committee of the Bank and regularly reports to the Risk Management Committee and the Board. The function is responsible for enhancing our Third-Party Risk Management framework and policies to ensure the bank has the processes and controls in place to maintain a risk profile that is consistent with its risk appetite while achieving its strategic goals. The team facilitates execution of the TPRM program and provides risk oversight of our third-party relationships. The leader engages actively with senior managers and executives across the company and acts the key point of coordination and communication with the regulators. This position reports to the Chief Risk Officer.
Responsibilities:
- Partner with CRO to create strategic direction for risk and control assessment process, including identification of tool requirements, overseeing design and deployment
- Lead engagement with risk owners to understand how risks materialize with Third Parties and ensure that these are appropriately addressed in the Third Party Risk Assessment Process
- Lead the design and implementation of a risk-based Third Party control framework
- Evaluate the effective design and execution of controls owned by TPRM and oversee the effective implementation of Third Party related controls defined by other risk owners
- Oversee the timely completion of Third Party controls by Business Activity Owners and other responsible parties
- Establish and operate a control testing process to validate the accuracy of completed Third Party controls and determine any required enhancements to improve performance
- Monitor industry leading practices for Third Party risk management to identify enhancements to CFSB’s Program
- Assess regulatory changes impacting areas of Third Party Risk and Control assessment to determine and implement any actions required
Education, Training, and Experience:
- Minimum 12 years of relevant experience, with in depth knowledge of assessing third party risk and associated control requirements for a financial services organization.
- Bachelor's degree in Finance, Accounting, Business Administration, or a related field; advanced degree (e.g., MBA, CFA, FRM) preferred.
- Extensive Third Party risk management experience and have knowledge of industry frameworks and leading practices for Third Party risk assessment and controls.
Knowledge, Skills, and Abilities:
- Knowledge of regulatory requirements for Third Party Management and oversight
- Evidence of delivery of results with strong execution skills
- Ability to analyze processes and data to evaluate performance and identify improvement opportunities
- Excellent communication and interpersonal skills, including the ability to effectively interact with and influence senior management
- Strong planning and organizing skills with the ability to manage and prioritize responsibilities through the effective use of time management and organizational techniques
- Proficient in Microsoft Office Suite, with advanced skills in Excel, PowerPoint, and Word.
Job Tags
Full time,