Third Party Risk Manager

First Century Bank • Alpharetta, GA

1d • Hybrid

About The Position

First Century Bank is hiring a Manager of Third-Party Risk Management to help enhance the bank’s third-party risk management program and support oversight of key partners and vendors. The position will help design and maintain the program, assess risks associated with third parties, coordinate due diligence and ongoing oversight, and develop management and board reporting materials for governance routines. The role also helps plan and complete periodic site visits of valuable partnerships.

First Century Bank provides financial services through technology channels for FinTech partners. This role supports the bank’s continued growth through those partnerships and is hybrid, with remote work and office attendance as needed for training and team camaraderie. The manager also provides day-to-day guidance and quality review for TPRM staff. Travel is required 5–7 times per year, for 2–3 days per trip.

Requirements

• Bachelor’s or master’s degree in business administration, risk management, or a related field, or an appropriate combination of education and experience.
• At least 8 years of experience in third-party risk management or a similar role, or an appropriate combination of education and experience.
• Strong understanding of third-party risk management best practices.
• Working knowledge of financial services regulations, including BSA, AML, UDAAP, and NACHA rules.
• Proficiency with Microsoft Office products, including Word and Excel.
• High attention to detail and ability to develop knowledge across functions.
• Exceptional communication, project management, and business analysis skills.
• Critical thinking skills, including the ability to approach problems logically and make informed, data-based decisions.
• Availability to travel 5–7 times per year for 2–3 days per trip.

Nice To Haves

• Experience in financial services or FinTech environments.

Responsibilities

• Perform risk assessments of existing and prospective third parties, identify key risks, and assign overall risk grades consistent with policies and procedures.
• Lead and coordinate due diligence of prospective clients and program partners, working with internal subject matter experts to plan and execute diligence activities.
• Develop and execute tailored oversight and monitoring programs to regularly monitor third-party risks, including planning and executing annual on-site assessments of critical relationships.
• Document findings and develop communication protocols to follow up with third parties on identified issues and risk escalations.
• Keep management apprised of key third-party risks and escalations through regular communication and reporting materials.
• Update and maintain third-party risk management policy and procedure documentation.
• Provide day-to-day guidance and quality review for TPRM staff.
• Perform other duties assigned or inherently or logically associated with the position.
• Exemplify First Century Bank’s values while carrying out its mission, organizational goals, and priorities.

What This Job Offers

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