Senior Lead, Operational Risk, Third Party Risk Management

Early Warning®•Chicago, IL

3d•$129,000 - $193,000•Hybrid

About The Position

This role will be responsible for multiple portfolios and leading a team of high-performing talent to deliver against the mission of the Third Party Risk Management organization and achieve strategic success. This position is responsible for providing subject matter expertise, managing, and performing key functions necessary to satisfy requirements of the Third-Party Risk Management (TPRM) program, including program projects and initiatives. Responsibilities of this position include driving the execution of the Third Party Risk Management Lifecycle which provides a framework for a common enterprise approach for the governance, development, execution, and sustainability of the Program across financial, operational, and regulatory aspects of the related policies. This role includes being tactical in conducting organizational research; performing due diligence at onboarding on all new third parties, and continually for ongoing monitoring, developing program policies, plans and procedures; performing control testing, and providing training and awareness communications, effectively developing cross-functional partnerships across the organization to support the mission of the third party risk management program, and identifying and delivering innovations to continually improve delivery and value.

Requirements

Bachelor’s degree in relevant discipline
A minimum of 10+ years of direct/ related third party risk management experience is required
5+ years prior financial institution experience in third party risk management and an understanding of contractual arrangements with third parties
Experience in data gathering, analysis and problem-solving skills, with ability to summarize raw data into a cohesive story for management and stakeholders.
Extensive experience leading high performing teams with willingness to roll up sleeves do the work, and a passion for driving program evolution and continuous improvement
Process driven and experienced being able to develop and execute processes that scale
Strong attention to detail and highly results oriented.
Demonstrated experience in operational risk, data protection risk, information security risk, or other risk management role with knowledge of third-party regulatory requirements.
Broad banking understanding and knowledge of security approaches that support operational processes.
Background and drug screen.
Eligibility to work in the United States, for any employer, at the date of hire.
This position is ineligible for employment Visa sponsorship.

Nice To Haves

Professional Third Party certifications including Regulatory Vendor Program Manager (CRVM), Certified Third Party Risk Professional (CTPRP) and other industry relevant certifications.
Project or Process management experience.
Professional information security certifications (e.g., Certified Information Security Manager (CISM), Certified Information Systems Security Professional (CISSP), Certified Information Systems Auditor (CISA), Certified Third Party Risk Professional (CTPRP).
Experience working with enterprise GRC tools and automation.
Experience with ISO, GLBA, FFIEC, NIST and other pertinent compliance regulations and guidelines.
Experience with Shared Assessments Standard Information Gathering Questionnaire (SIG) and processes.

Responsibilities

Executes and oversees all aspects of the TPRM Program function including working with and overseeing business teams on onboarding, risk assessments and ongoing monitoring of third parties, maintenance of detailed procedural documents and updates to policy per EWS risk appetite and regulatory changes.
Leverages experience to evaluate the adequacy, effectiveness and execution of policies, procedures, processes, and internal controls; recommends and drives improvements or enhancements in alignment with internal strategies, industry best practices, standard security frameworks, and regulatory guidance.
Understands internal and external clients’ business environment and basic risk management approaches. Assists in the selection and tailoring of approaches, methods, and tools to support both internal and external data control policies
Champions a high-performing environment attracting, retaining, and motivating both direct and indirect team members.
Builds and fosters a strong rapport and relationship across the enterprise to collaborate with key stakeholder including Procurement, Legal, Security, Compliance, Privacy, Technology, and other business functions to identify, assess and design plans to mitigate and monitor risks associated with third parties.
Provides ongoing consulting and subject matter expertise to 1LOD and 2LOD as it relates to third party risk management.
Collaborate with management in the design, maintenance, and reporting of Key Performance and Key Risk indicators; develops and provides a regular reporting framework on third party risk management to deliver meaningful reporting across all areas; utilizes reporting to evaluate adherence to program within 1LOD and 2LOD to identify opportunities and best practices to influence risk taking activities in alignment with risk appetite.
Ensures appropriate prioritization of third-party resources as it relates to Program functions.
Executes against a training and communication plan for the TPRM Program to support effective cross-functional execution of the Program across the organization
Lead and oversee various enterprise risk management projects as assigned including development of process maps, risks, control, and testing in alignment with Early Warning’s Process risk management framework.
Supports the company’s commitment to risk management and protecting the integrity and confidentiality of systems and data.
Identifies and drives opportunities to mature the TPRM Program, through ongoing assessment to ensure that it is fit for purpose and effectively enabling the business to reduce material risk exposures and extend risk-taking activity as it relates to third parties where the business benefits outweigh the risks.
Identifies, prioritizes, and pursues opportunities to enhance EWS’s third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness

Benefits

Competitive medical (PPO/HDHP), dental, and vision plans
Company contributions to your Health Savings Account (HSA)
Pre-tax savings through flexible spending accounts (FSA) for commuting, health & dependent care expenses.
100% Company Safe Harbor Match on your first 6% deferral immediately upon eligibility for 401(k) Retirement Plan
Flexible Time Off for Exempt (salaried) employees
Generous PTO for Non-Exempt (hourly) employees
11 paid company holidays
Paid volunteer day
12 weeks of Paid Parental Leave
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