Affiliate Transactions and Third-Party Risk Management Lead (ATPRM Lead) -Ford Credit Bank

Ford Motor • Salt Lake, UT

23h • Hybrid

About The Position

Ford Credit Bank is a de novo Utah industrial bank, a direct and wholly owned subsidiary of Ford Motor Credit Company. It aims to create innovative and simplified banking solutions for financing new Ford vehicles, parts, accessories, and software, as well as offering competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank is committed to upholding the highest standards of integrity, ethics, and regulatory compliance, serving customers with a wide range of financial products and services driven by a culture of trust and excellence. Ford Motor Company has a 60-year commitment to helping people finance Ford and Lincoln vehicles, partnering with dealerships globally. Ford is undergoing significant business transformation in a digital world, focusing on distinctive products, customer relationships, and user experience.

Requirements

• Bachelor’s degree preferred
• 3-5+ years of banking or regulated industry experience
• A minimum of 2 years' experience in Third-Party Risk
• Knowledge of third-party lifecycle management, governance and compliance including interagency regulations
• Strong communication and presentation skills and proven customer service experience
• Exceptional analytical skills and the ability to work with complicated financial data
• Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
• Strong ethical behavior and the ability to work with sensitive information

Responsibilities

• Collaborate in the development and implementation of the Bank’s Third-party and Affiliate Transaction risk management programs to align with the Bank’s risk appetite and comply with regulatory guidance, Sections 23A and 23B of the Federal Reserve Act, Regulation W, and Bank Policy.
• Support in regulatory examinations, internal audits, and external audits of the ATPRM program, respond to exams and audit concerns, and coordinate corrective action of all related findings.
• Provide independent 2LOD oversight, review, and challenge of 1LOD processes of third-party activities across all lifecycle risks and affiliate activities.
• Contribute to establishing and maintaining effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures.
• Assist with the development of a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts.
• Partner on developing and maintaining Third-Party and Affiliate Transaction risk-related monitoring, reporting, and escalation processes and systems in all related activities.
• Contribute to establishing an Anti-Tying program, which includes monitoring, reporting, and escalation procedures and processes to ensure regulatory and bank policy compliance.
• Work with cross-functional teams, committees, and external stakeholders to review new and existing third-party and affiliate relationships.
• Assist with governance execution by ensuring compliance with charter, setting agendas, facilitating meetings, and compiling standard reporting.
• Coordinate Third-Party Risk management, Affiliate Transaction, and Anti-Tying related training to directors, management, and employees to ensure integration of an appropriate risk mindset throughout the Bank.
• Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews.
• As part of the risk assessments evaluate existing controls and proactively identify new control requirements, where applicable.
• Enhance policies, procedures, and standards, where applicable.

Benefits

• Immediate medical, dental, vision and prescription drug coverage
• Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
• Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
• Vehicle discount program for employees and family members and management leases
• Tuition assistance
• Established and active employee resource groups
• Paid time off for individual and team community service
• A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
• Paid time off and the option to purchase additional vacation time.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree