Manager, Third Party Risk Management

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

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