Third Party Risk Analyst

Texas Capital Bank • Dallas, TX

72d • Onsite

About The Position

The Third Party Risk Management team (TPRM) oversees and manages the bank's diverse and growing portfolio of third parties, and partners with business teams to monitor vendor performance and risks associated with those engagements. The primary role of the Third Party Risk Sr. Analyst is to perform due diligence risk assessments of new and existing business and technology third party service providers. The work will include assisting the Third Party Risk Manager with new and ongoing due diligence risk assessments of third parties.

Requirements

• Requires 3+ years' experience in a position in risk management and/or adherence to regulatory requirements (e.g., PCI; HIPPA; or GLBA) related to the financial services or other heavily regulated industry.
• Experience in performing SOC 1 and SOC 2 audit reviews helpful but not required.
• Experience in remote and on-site vendor audits helpful but not required.
• Prefer experience in risk, compliance, vendor management or audit.
• Experience with RSA Archer eGRC a plus, but not required.
• Strong attention to detail and exceptional organizational skills required.
• Team oriented, flexible, integrity, ethical, professionalism required.
• Strong knowledge of various regulatory (CFPB, OCC, Federal Reserve, etc.) investor (Fannie Mae, Freddie Mac, Ginnie Mae) requirements related to third party engagements and oversight.
• Strong communication skills (written and oral) required, including the ability to effectively advise business teams across the bank.
• Ability to define problems, collect/analyze data, establish facts, draw valid conclusions, prepare reports, prioritize and manage several concurrent initiatives/projects preferred.

Nice To Haves

• Experience in performing SOC 1 and SOC 2 audit reviews.
• Experience in remote and on-site vendor audits.
• Experience with RSA Archer eGRC.

Responsibilities

• Perform complex risk assessments of current and prospective third-party business and technology providers to assess their control structure and alignment to regulatory, federal/state guidelines and bank requirements.
• Partner with internal stakeholders to assess the residual risk the third party presents to the bank.
• Manage timely completion of requests and follow-ups to third parties for appropriate documentation and review and evaluate materials submitted.
• Partner with internal business units and third parties to inventory all services, status, performance and risk assessments.
• Coordinate and manage the due diligence risk assessment of third-party services by internal subject matter experts within the bank.
• Complete a written assessment detailing third party's service inherent risk(s), strengths of risk scores, along with any risk gaps presenting elevated risk to the bank.
• Report findings through use of formalized reviews, exception reporting, and risk acceptance reporting.
• Oversee and confirm the resolution of any risk gaps identified during the risk assessment process.
• Contribute to various departmental projects related to third party management activities.

Benefits

• Health insurance coverage
• Wellness program
• Fertility and family building aids
• Life and disability insurance
• Retirement savings plans with a generous 401K match
• Paid leave programs
• Paid holidays
• Paid time off (PTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities