Third Party Management Governance Senior Officer

Truist Bank • Charlotte, NC

18d

About The Position

Third Party Risk Operations Function (TPROF) is responsible for supporting the Third Party Risk Management (TPRM) program by overseeing and managing related activities. This role ensures that TPROF operations align with the latest TPRM program updates, policies, and procedures. The Experienced Third Party Management Governance Senior Officer role involves defining procedures and governance frameworks for Business Unit Managed Third Parties (BUMTPs) and Affiliate Third Parties. Additionally, they will assist the Third Party Management Governance Head with the development of the TPROF strategy and assist with horizontal initiatives across the end-to-end TPRM lifecycle.

Requirements

• Bachelor’s degree or an equivalent combination of education and work experience.
• Minimum of 10 years financial industry experience, including extensive Third-Party Risk Management and compliance/risk management.
• Comprehensive understanding of principles, practices, theories, and/or methodologies associated with the professional discipline (i.e., risk management, vendor management, etc.)
• A minimum of 3 years of project lead or management experience.
• Ability to manage multiple deliverables and competing priorities for self and team.
• Ability to plan and lead projects with varying degrees of complexity.
• Ability to solve problems in complex situations by analyzing viable solutions using experience, judgment, and precedents.
• Ability to influence others to adopt a new perspective and manage interpersonal issues with tact and diplomacy.
• Ability to adapt to change. Remain agile and flexible in interim and longer-time circumstances.
• Ability to effectively communicate, written and verbal, to all levels of the organization.
• Advanced level of expertise with Excel; Moderate level expertise with Word and PowerPoint

Nice To Haves

• Master’s Degree
• Team Lead or Management experience 5+ years
• Risk experience within a large financial institution.
• Experience with Archer and/or Ariba applications.
• Extensive knowledge of Word and PowerPoint

Responsibilities

• Defines and directs center-led operating standards and practices designed to foster consistent execution across Alternative Approach Third parties and the corresponding LOB’s.
• Interface with business leaders to disposition, discuss and debate third party classification decisions, ongoing program execution and issue identification.
• Assist in updating program documentation, and related procedures.
• Assist in reporting and analytics to support program strategy discussions and direction.
• Develop library of standard reports designed for business teams to utilize in support of operationalizing the alternative approach program.
• Develop quality assurance standards and oversight routines to assess business execution
• Assist in executive summary development and related communications.
• Participate in the creation of training and job aids as needed
• Assist in audit issue creation and remediation action plans
• Maintains a comprehensive understanding of the services provided by enterprise and business critical/systemic third parties.
• Advises and educates Service Managers and Business Partners to increase risk awareness and enforce adherence to TPRM Framework requirements.
• Takes a new perspective on existing solutions to solve complex problems. Exercises judgment and critical thinking based on the analysis of multiple sources of information. Recommends best practices.
• Provides guidance and advisement as well as effective challenge, where needed, to Service Managers and Business Owners, and Business Partners as relates to consistent TPRM program adherence and execution.
• Acts as a resource for teammates with less experience.
• Explains and interprets complex, difficult, or sensitive information.
• Works independently and receives guidance only on more complex issues.

Benefits

• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

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