Banking - Risk Management - Compliance - Director of Third-Party Risk

Company: Beta Search Inc
Location: New York
Posted on: May 21, 2025

Job Description:

The Role

Want to make an application Make sure your CV is up to date, then read the following job specs carefully before applying.
The bank is a full-service payments, lending and banking provider that delivers global financial services through a personal
approach. The bank is seeking a Director of Third-Party Risk. This individual will be responsible for the developing and
executing The bank's Third Party Risk Management Framework and is the Risk Program owner for Third Party Risk. The leader
plays a critical role in the Third-Party Risk Oversight Committee of the Bank and regularly reports to the Risk Management
Committee and the Board. The function is responsible for enhancing our Third-Party Risk Management framework and
policies to ensure the bank has the processes and controls in place to maintain a risk profile that is consistent with its risk
appetite while achieving its strategic goals. The team facilitates execution of the TPRM program and provides risk
oversight of our third-party relationships. The leader engages actively with senior managers and executives across the
company and acts the key point of coordination and communication with the regulators. This position reports to the Chief
Risk Officer.
Responsibilities:

Partner with CRO to create strategic direction for risk and control assessment process, including identification of
tool requirements, overseeing design and deployment
Lead engagement with risk owners to understand how risks materialize with Third Parties and ensure that these
are appropriately addressed in the Third Party Risk Assessment Process
Lead the design and implementation of a risk-based Third Party control framework
Evaluate the effective design and execution of controls owned by TPRM and oversee the effective
implementation of Third Party related controls defined by other risk owners
Oversee the timely completion of Third Party controls by Business Activity Owners and other responsible parties
Establish and operate a control testing process to validate the accuracy of completed Third Party controls and
determine any required enhancements to improve performance
Monitor industry leading practices for Third Party risk management to identify enhancements to the bank's Program
Assess regulatory changes impacting areas of Third Party Risk and Control assessment to determine and
implement any actions required
Knowledge, Skills, and Abilities:
Knowledge of regulatory requirements for Third Party Management and oversight
Evidence of delivery of results with strong execution skills
Ability to analyze processes and data to evaluate performance and identify improvement opportunities
Excellent communication and interpersonal skills, including the ability to effectively interact with and influence senior
management
Strong planning and organizing skills with the ability to manage and prioritize responsibilities through the effective use
of time management and organizational techniques
Proficient in Microsoft Office Suite, with advanced skills in Excel, PowerPoint, and Word.
Education, Training, and Experience:
Bachelor's degree in Finance, Accounting, Business Administration, or a related field; advanced degree (e.g., MBA, CFA,
FRM) preferred.
Extensive Third Party risk management experience and have knowledge of industry frameworks and leading practices
for Third Party risk assessment and controls.
Minimum 12 years of relevant experience, with in depth knowledge of assessing third party risk and associated control
requirements for a financial services organization.

Keywords: Beta Search Inc, Stamford , Banking - Risk Management - Compliance - Director of Third-Party Risk, Executive , New York, Connecticut