Senior Associate, Third Party Risk Management

The OCC • Chicago, IL

1d • Hybrid

About The Position

The Senior Associate works across multiple lines of business to monitor and manage third-party relationships and compliance with Third Party Risk Management (TPRM) procedures. The role has governance and oversight responsibilities to ensure third parties are properly assessed and leads special projects as assigned. The position supports risk assessments, risk analysis and remediation tracking, third-party service lifecycle oversight, stakeholder coordination, and 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.
• 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.
• Ability to anticipate, draw conclusions, and adapt to changing needs and demands.
• High degree of integrity and professionalism, and ability 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 quickly adapt 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 Security or Business Continuity certifications.

Responsibilities

• Coordinate with stakeholders across multiple 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 action plans, and track and monitor identified risks through closure.
• Oversee onboarding, monitoring, and offboarding of third-party services.
• Establish and maintain partnerships with internal and external stakeholders to support collaboration in identifying, measuring, and managing 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 current knowledge of emerging financial, operational, third-party, and regulatory/compliance-related 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.
• Parental leave.
• 401(k) employer match.
• Competitive medical, dental, and vision benefits.
• Potential discretionary annual incentive compensation award; target range is 6% to 10% and awards are not guaranteed.
• Employee wellness and work-life balance support.

What This Job Offers

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