Director of Third Party Risk Management

Summary

The Director of Third Party Risk Management will oversee and manage third-party risks, specifically focusing on partnerships with Fintech companies. They will develop, implement, and maintain a risk management framework to identify, assess, monitor, and mitigate risks that could impact the bank’s operations and regulatory compliance. The role requires collaboration with various departments within the bank.

Requirements

• Ten to fifteen+ years relevant experience with banks or other financial institutions, with particular preference for experience with third-party relationship programs and associated regulatory guidance
• Thorough knowledge of the laws and regulations from regulatory agencies, and solid understanding of internal controls
• Bachelor’s degree in a relevant discipline required. Advanced degree preferred
• Professional certifications in risk management, audit, project management or investment management highly appreciated

Responsibilities

• Oversee and manage third-party risks associated with Fintech companies
• Develop, implement, and maintain a comprehensive risk management framework for Fintech partnerships
• Work closely with various departments within the bank to ensure Fintech partnerships align with the Bank’s risk appetite and regulatory requirements
• Perform ad-hoc and ongoing risk assessments
• Assist in developing policies and programs related to third-party risk management
• Lead and advance the vendor risk management program
• Serve as the primary point of contact for all third-party risk-related matters involving Fintech relationships
• Develop and maintain risk management dashboards

Preferred Qualifications

• Superior verbal and written communication skills
• Independent judgment and critical thinking
• Strong analytical and risk assessment skills
• Entrepreneurial spirit and attitude necessary to establish and maintain positive working relationships with all management and personnel
• Ability to communicate complex concepts with a diverse audience
• Superior Microsoft Office skills required, with particular emphasis on outstanding Powerpoint presentation and Excel skills
• Strong organizational and project management skills needed to handle the coordination of multiple priorities