This position is responsible for overseeing the Third-Party Risk Management (TPRM) program, including program projects and initiatives. Responsibilities include leading and managing risk and business stakeholders participating in executing program requirements, both at onboarding and throughout the lifecycle; and ensuring that third parties meet the TPRM program, security, compliance, and reporting guidelines set forth by Early Warning. Ensures all aspects of the assigned functions adhere to the TPRM Policy and Procedures. Influences cross-functional partnerships and develops stakeholder relationships across the organization.
Essential Functions
Ensures Third Party Risk Management policy and procedures, and third-party management software are implemented and completed according to documented requirements.
Completes vetting on incoming third-party engagements and work with business partners to ensure data and due diligence is complete and accurate and inherent risks are identified and mitigated in accordance with risk appetite.
Coordinates the distribution of due diligence questionnaires to the third parties, review submitted questionnaires for completeness, ensure risk stakeholders finalize reviews and determine overall residual risk rating.
Be a strong liaison to ensure that risk stakeholder questions are answered by the business or third party as required. Conduct certain aspects of third-party due diligence not covered by risk stakeholders. Store the artifacts of the third-party oversight process in system of record.
Implements the business third party risk strategy, ensuring internal teams have resources and processes to support their needs for due diligence, risk assessment and ongoing monitoring, ensuring inherent risks and control gaps are accurately identified and remediated.
Oversees TPRM training across First Line of Defense including business function, risk stakeholders and Procurement. Collaborate with manager and stakeholders to implement a standard set of training modules and communication materials for different stakeholders.
Contributes to the development of detailed procedural documents and ensure alignment of TPRM with regulatory requirements including FFIEC, OCC and other applicable regulations
Identifies, prioritizes, and pursues opportunities to enhance EWS’s third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness
Supports the company’s commitment to protect the integrity and confidentiality of systems and data
Minimum Qualifications
Education and/or experience typically obtained through completion of a bachelor’s degree in relevant discipline.
A minimum of 8 + years of direct/ related experience is required
Demonstrated experience in third party risk management, operational risk, or other risk management role with knowledge of third-party regulatory requirements.
Process driven, an excellent communicator and able to develop approaches that scale
Strong attention to detail and highly results oriented.
Excellent communication skills and ability to influence and guide others.
Background and drug screen.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow instructions and perform other related duties as assigned by their supervisor.