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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