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Job Description:
Overview
The Manager, Third Party Risk Management, is responsible for managing the third-party risk management policy requirements and underlying programs to support third-party risk management across the enterprise. Our third-party governance framework and requirements are core to how we provide oversight to our business partners and ensure effective challenge is carried out by the first- and second-line risk teams. The Manager will support maintenance of the Third-Party Risk Management (TPRM) program through innovation, collaboration and transformation initiatives.
Major Responsibilities
- Assist the Director in the maintenance, and ongoing enhancement of a Third-Party Risk program including updates to TPRM Policy and Enterprise Operating Guideline (EOG).
- Monitor compliance with TPRM governance policy including tracking and reporting of TPRM Policy non-compliances, Key Risk Indicators, Key Performance Indicators.
- Aggregate, analyze and challenge third-party data across Business Groups to support evaluation of enterprise third-party risk profile
- Prepare Reports to senior management and the Board on third-party risk and the third-party risk management program.
- Support regulatory requirements and data collection exercises relevant to third-party risk.
- Works closely with Business Group Risk Office teams in effective roll-out of program changes.
- Support development, maintenance and delivery of training to Business Group Risk Office teams and other stakeholders as required.
- Maintain TPRM SharePoint site, ensuring training, guidelines and communications are kept up to date.
- Provide guidance and advice to the Business Group Risk Office teams when judgement or further clarification is required on adherence to the TPRM Policy and EOG.
- Review Business Groups’ process documents to ensure alignment with the TPRM Policy and Enterprise Operating Guideline (EOG), identifying gaps and recommendations as appropriate.
Specialized Knowledge/Skills Requirements
- Knowledge of third-party risk management principles and factors that contribute to third-party risk, with the ability to assess, measure and monitor risk is an asset
- Exceptional analytical, problem-solving, and decision-making abilities, with keen attention to detail.
- Excellent communication and interpersonal skills, with the ability to influence and communicate complex concepts to a diverse audience.
- Proactive and adaptable mindset with the ability to thrive in a fast-paced and rapidly evolving industry and organization.
- Understanding of the different risk domains pertaining to third party risk management and their unique requirements is advantageous.
- Well developed writing and visual presentation skills to sufficiently articulate analytics results, options, recommendations and reporting. .
- Demonstrable experience of developing strong working relationships with cross-functional business areas and multi-stakeholder landscape to drive execution of key deliverables and facilitate successful risk management within the Three Lines of Defense model.
Education and Experience
- Bachelor’s degree in Business, Management, Finance, or other relevant field and / or certification.
- 7-12 years of risk management experience, with 3+ years of experience supporting TPRM Programs, controls and processes, ideally within a major Federally Regulated Financial Institution.
Job Category:
Compliance
Posting End Date:
30/01/2025
