Third-Party Risk Specialist

Summary

Join NASA Federal Credit Union as a Third-Party Risk Specialist, contributing to the identification and mitigation of risks associated with third-party relationships. Collaborate with stakeholders to conduct risk assessments, due diligence, contract reviews, and ongoing oversight. Apply your knowledge of risk best practices and regulatory requirements (NCUA, FFIEC, PCI, SOC, etc.). This role involves ensuring compliance with third-party management and protecting confidential information. Responsibilities include administrative functions within GRC software, communication, reporting, and participation in risk exception processes. The position offers opportunities for professional growth and development within a supportive team environment.

Requirements

• Minimum of three years of regulatory compliance and/or third-party risk experience
• Minimum of three years of regulatory compliance and/or third-party risk experience

Responsibilities

• Remains cognizant of and adheres to Credit Union policies and procedures, and regulations pertaining to financial institutions, including the Bank Secrecy Act and OFAC
• Maintains a working knowledge of third-party risk regulations applicable to financial institutions, including the appropriate due diligence documentation required to satisfy compliance requirements related to third-party due diligence and ongoing oversight
• Assists with efforts to ensure enterprise-wide requirements for due diligence, risk assessment, and ongoing oversight are met, in accordance with Credit Union policy, federal regulations, and industry best practices
• Collaborates with third party relationship owners to track, measure, report, and evaluate third- party risk, and complete third-party risk assessments (inherent and/or residual), as applicable
• Collaborates with business continuity coordinator to track, measure, report, and evaluate third-party resiliency
• Assists with administrative functions with Governance, Risk and Compliance (GRC) software used for third-party risk management, including procedures, training, and access
• Assists with enterprise-wide communications, reporting, and metrics on the Third-Party Risk Program
• Participates in identifying and analyzing conditions, with input from management and key stakeholders, for third parties requiring risk exceptions/acceptance and documents, escalates and retains approval, as needed
• Assists with contract management in the review, status tracking, execution and return of copies of signed contracts
• Assists with the Credit Union’s procurement process in the review, status tracking, execution and return of copies of signed orders
• Supports Risk Management Department functions, as well as other projects and duties, as assigned
• Actively supports and embraces our core values in all interactions
• Acts as an administrator of Governance, Risk and Compliance (GRC) software used for third-party risk management, including procedures, training, and access
• Maintains Third-Party Risk Program documentation, such as policies, procedures, metrics, and reports
• Identifies and analyzes conditions, with input from management and key stakeholders, for third parties requiring risk exceptions/acceptance and documents, escalates and retains approval, as needed
• Reviews and evaluates contracts as assigned and provides summary with recommendations around risk mitigation
• Analyzes Third-Party Risk Program data to ensure data accuracy and integrity and establish associated reports and metrics
• Consults and collaborates with appropriate departments to enhance the Credit Union’s procurement process to maximize value and mitigate risk to the Credit Union

Preferred Qualifications

• Bachelor’s degree from an accredited college in a relevant field preferred
• Financial institution knowledge/experience preferred
• Experience in contract work is preferred
• Bachelor’s degree from an accredited college in a relevant field preferred
• Financial institution knowledge/experience preferred
• Certification in this field, or a paralegal or legal degree, or equivalent work experience
• Minimum of one year of experience in contract work is preferred
• Highly self-motivated and is a self-starter; works independently
• Ability to absorb new ideas and concepts quickly
• Excellent analytical and problem-solving abilities
• Strong organization and time management skills; works efficiently
• Sets continuous improvement goals
• Ability to effectively prioritize and accurately execute tasks in a high-pressure environment
• Ability to explain complex information and present ideas in a manner that is readily followed
• Ability to build strong relationships with stakeholders at all levels, internally and externally
• Excellent written, verbal, interpersonal, and presentation skills; ability to communicate complex details
• Demonstrates keen attention to detail and possesses excellent problem-solving abilities, capable of identifying, analyzing, and resolving issues while driving solutions to completion
• Strong business ethics, including the protection of proprietary and confidential information

Benefits

• Health Insurance (Choice of two nationwide PPO plans)
• High Deductible Plan: 100% employer contribution toward premium. (HSA and FSA compatible)
• Low Deductible Plan: Generous employer contribution toward premium. (FSA compatible)
• Dental Insurance: Generous employer contribution toward premium
• Vision Insurance: Generous employer contribution toward premium
• Long-term Disability Insurance
• Flexible Spending Medical Account (FSA)
• Flexible Spending Dependent Care Account
• Health Savings Account (HSA)
• Voluntary Supplemental Life Insurance
• Voluntary Dependent Life Insurance
• Voluntary Short-term Disability Insurance
• Voluntary Long-term care Insurance
• Remote or Remote / Hybrid work options based on position
• 401(k) with employer match up to 6% and immediate 100% vesting
• Gain Sharing Bonus (eligibility rules apply)
• Life Insurance/AD&D
• Vacation Leave (excluding Outside Loan Officers)
• Sick and Safe Leave
• 11 Paid Holidays
• Education Assistance
• Employee Referral Bonus
• Credit Union Membership Eligible
• Employee Assistance Program
• Identity Theft Protection (Additional fee to add family members)
• Pet Health Insurance
• Employee Discount Program
• Remote or Remote / Hybrid work options based on position