Senior Associate, Third Party Risk Management

OCC • Chicago, IL

2d • $77,500 - $105,000 • Hybrid

About The Position

The Senior Associate works across multiple lines of business to support efforts to monitor and manage third-party relationships and compliance with Third Party Risk Management (TPRM) procedures. The role has governance and oversight responsibilities to help ensure third parties are properly assessed and leads special projects as assigned. The position also coordinates risk assessments, analyzes and tracks identified risks, oversees third-party service lifecycle activities, supports stakeholder requests, and assists with regulatory and audit requests.

Requirements

• Prior experience in Third Party Risk Management, Audit, or Enterprise Risk Management.
• At least 2 years of experience in Risk Management, Third Party Risk, Auditing, or equivalent.
• Some knowledge of Third Party Risk Management processes and methodologies.
• Ability to anticipate, draw conclusions, and adapt to changing needs and demands.
• Excellent verbal, written, and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and management.
• Strong analytical, problem-solving, strategic-thinking, and reasoning abilities.
• High degree of integrity and professionalism, and capacity to excel in a cohesive team environment.
• Ability to work independently on projects with little oversight or as part of a team.
• Detail-oriented, with the ability to multitask and adapt quickly to changing assignments.
• Proficiency in Microsoft Word, Excel, Access, and PowerPoint.
• Bachelor’s degree or equivalent.

Nice To Haves

• Master’s degree.
• CISA, CRISC, or other certifications for Security or Business Continuity.

Responsibilities

• Coordinate with stakeholders across departments to initiate, scope, and conduct risk assessments for new and existing third-party engagements, including vendors, FMUs, exchanges, clearing members, banks, and other third parties.
• Conduct risk-based analysis, communicate identified risks to stakeholders, organize remediation plans, and track and monitor risks through closure.
• Oversee onboarding, monitoring, and offboarding of third-party services.
• Establish and maintain partnerships with internal and external stakeholders to support effective identification, measurement, and management of third-party risks and controls.
• Coordinate with internal and external stakeholders and respond to third-party requests related to OCC operations from clearing members, banks, and other OCC third parties.
• Maintain an up-to-date understanding of emerging financial, operational, third-party, and regulatory/compliance information to contribute to continuous improvement of the TPRM program.
• Assist with regulatory and audit requests.
• Lead special projects as assigned.

Benefits

• Hybrid work environment with up to 2 days per week of remote work.
• Tuition reimbursement.
• Student loan repayment assistance.
• Technology stipend for connecting to the network while working remotely.
• Generous paid time off and parental leave.
• 401(k) employer match.
• Competitive medical, dental, and vision benefits.
• Potential eligibility for a discretionary annual incentive compensation award; the target incentive range is 6% to 10% and awards are not guaranteed.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior