ORS Partners

Third Party Risk Management Lead

Job Locations US-Remote
Posted Date 2 weeks ago(11/19/2021 2:40 PM)
Job ID
2021-9067
# of Openings
1
Category
Banking
Type
Regular Full-Time

Overview

This role will be responsible for third party risk management through new vendor reviews and periodic reviews and monitoring of existing vendors. More specifically, the third-party risk management officer supports all areas within BMT regarding vendor reviews through coordination with BMT’s subject matter experts (SMEs).  This position will also take part in contract review to assist and manage contract negotiation, including but not limited to working with vendor counsel and BMTX counsel. 

 



Responsibilities

  • Support all Third-Party Risk Management (TPRM) activities to proactively identify, evaluate, and mitigate risks.
  • Evaluate third parties for compliance to company standards, TPRM policies, and Federal regulations.
  • Track and monitor the status of each due diligence review and communicate the status with key stakeholders on a regular basis.
  • Read and understand contractual agreements to ensure identified risks comply with the Company's policies and procedures, legal, and regulatory requirements, and financial control guidelines.
  • Develop mitigation strategies designed to lower inherent and residual risk based on risks identified and business unit requirements.

Qualifications

  • 7-10 years of knowledge of Third-Party Risk Management methodologies and regulatory guidance.
  • Bachelor’s degree or equivalent experience is preferred.
  • Project management experience.
  • Negotiation skills, strong organizational skills, clear communication abilities, and high EQ.
  • General understanding of information security, business continuity/resumption, compliance, financial analysis, legal, and audit.
  • Ability to take initiative and perform in a challenging, agile, fast-paced technical and business environment.

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