Third-Party Risk Manager

About the Role/Job Purpose

Effectively manages the Banks third-party relationship portfolio pursuant to the Banks Third-Party Risk Management (TPRM) Program and policy. Assists management with selection and vetting of prospective third party relationships. Ensures Banks TPRM Program is compliant with regulatory expectations.

Responsibilities

• Plans, directs, and leads the operations of the TPRM department.
• Utilizes strong relationship skills to allow for connectivity and collaboration with internal stakeholders (Accounts Payable, Information Security, Business Continuity, Disaster Recovery, Legal, Credit, Compliance, BSA/AML, and Project Management teams).
• Develops and maintains strong connections with third-party relationships, while navigating the TPRM process.
• Reviews, advises, and completes due diligence for Banking-as-a-Service (BaaS) initiatives.
• Assesses suitability of third-party relationships at the time of onboarding, ongoing monitoring, and off-boarding.
• Ensures adequate development of risk assessments for all new third-party relationships.
• Obtains required due diligence items to conduct necessary assessments.
• Coordinates mapping of user entity controls (UECs) to the Banks IT general controls.
• Coordinates contract reviews with legal, third-party relationships, and business unit managers.
• Continually improves and performs risk assessment activities to properly rate third-party relationships using a risk-based approached.
• Raises, escalates, and remediates TPRM findings and operational events.
• Responsible for maintaining integrity of the Banks TPRM databases and software application.
• Reviews viability of third-party services platform.
• Prepares reporting of TPRM risk indicators (KRIs) to the Banks Enterprise Risk Management Committee and Board of Directors.
• Takes a lead role in maintaining and updating the TPRM policy, procedures, templates, and forms.
• Prepares annual performance assessment of the Banks TPRM Program and overall TPRM Risk Assessment results to the Banks Enterprise Risk Management Committee and Board of Directors.
• Supports audit reviews, regulatory exams, and internal risk and control self-assessments.

Qualifications

• Bachelors Degree or equivalent work experience.
• Min. 3 years TPRM experience, preferably in banking.
• Familiarity with regulatory TPRM requirements.
• Experience with BaaS
• Effective interpersonal skills in working with vendors, business units, team members.
• Experience in areas of Internal Audit, Compliance, or Risk Management.
• Strong project management skills, with proven ability to coordinate multiple tasks on an ongoing basis.
• Knowledge of SOC and SSAE 18 reports, user entity controls, contract language and terms, data security, disaster recovery, and insurance.
• Ability to conduct and train individuals in conducting risk assessments.
• Proven cost savings and continuous improvement approach.
• Strong presentation, written communication, and leadership skills.
• Proficient in Microsoft Office Suite

First Internet Bank is full of talented, imaginative, hardworking folks who enjoy being a part of something meaningful. Our employees come from diverse backgrounds and reflect a blend of proficiencies that help create an effective, dynamic working environment throughout our organization.

Our benefits package promotes wellness and growth while supporting the balance of our employee's personal and professional lives. We're committed to our employee's health from day one. Full-time employees and their qualified dependents are eligible for benefits including, but not limited to, Medical, Dental, Vision, Health Savings Account with employer contributions and matching, Flexible Spending Account(s), Critical Illness, and Voluntary Accident Insurance beginning on their first day. Employer-paid benefits including Short-term Disability, Long-term Disability, and Life and AD&D insurance are offered to full-time employees at no cost, with the option add additional Life and AD&D coverage.

Full-time employees are eligible for three weeks of paid time off plus ten paid holidays, 401(k) retirement savings with employer matching, tuition reimbursement, business apparel allowance, and paid volunteer time.

Equal Opportunity Employer - Women, Minorities, Veterans and Individuals with Disabilities

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The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractors legal duty to furnish information. 41 CFR 60-1.35(c). Click here to read more.