Third-Party Risk Management – Vice President
| Company | Mitsubishi UFG |
|---|---|
| Location | Tampa, FL, USA, Tempe, AZ, USA |
| Salary | $114000 – $160000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelor’s degree.
- 7+ years Third Party Management experience.
- Broad view of the financial services industry; previous working experience within Capital Markets, Asset Management, Broker Dealer, Finance, Treasury and or risk management.
- Strong knowledge of Operational Risk Management Programs and frameworks including (but not limited to): RCSA, Loss data, Products and Services, Scenario Analysis, KRM/KRI and Issue Management.
- Significant experience managing complex and dynamic Third-Party relationships.
- Knowledge of regulatory bodies governing financial services and in providing guidance for adherence and monitoring the financial services industry.
- Strong analytical mindset, able to manage risks both at the micro and macro levels.
- Ability to identify issues and work them to closure, including remediation and escalation where appropriate.
- Strong communication skills and ability to create effective level appropriate executive presentations.
- Discretion and diplomacy when dealing with sensitive issues.
- Desire and talent for building and maintaining relationships.
- A commitment to protect the bank from all risk exposure.
- Experience working across a diverse set of stakeholders with positive results.
Responsibilities
- Ensures that all Third-Party Risk Management (TPRM) Policies & Procedures are adhered to in the execution of the program throughout the full TPRM Lifecycle.
- Compliance with applicable rules and guidance impacting the TPRM program including OCC, FBR, FDIC, SEC, FFIEC, FINRA; in addition to other U.S. regulators (e.g., NY Department of Financial Services), and foreign-based regulators (e.g., Japan’s Financial Services Agency, Canada’s Superintendent of Financial Institutions, and those in Latin American).
- Interface with second line of defense (SLOD) review and challenge and Internal Audit.
- Primary TPRM support partner for Subject Matter Experts (SMEs), Business Unit Risk Managers (BURMs), and BU Management.
- Support Strategic Planning execution for First Line of Defense (FLOD) TPRM.
- Responsible for addressing, documenting and escalating Trigger Events for their assigned Engagements.
- Support preparation of TPRM portfolio and third-party performance for Risk and Management Committees.
- Provides input into the TPRM Policy and System enhancements.
- Execute activities to support TPRM metrics & reporting; providing insight into third party activity and performance for business unit executives and management committees.
- Provide oversight for outsourced TPM activities – ensuring compliance with expected performance and contractual terms and SLAs.
- Responsible for ensuring that the phases of the Third-Party Lifecycle are completed.
- Consults with the relevant Subject Matter Experts and acts as single point-of-contact for Third Party’s completion of risk-driven questions and/or documentation requests.
- Responsible for ensuring issues and risks are appropriately remediated or escalation protocols are followed.
- Responsible for the Termination phase of the TPRM Lifecycle.
- Consults with the SR throughout the phases of Third-Party Relationship Lifecycle.
- Responsible for quality of documentation in FLoD and TPRM systems.
- Responsible for providing support for risk assessments for engagements under the Third-Party Portfolio.
- Responsible for information sharing about the Third Party to other TPMs and SRs, as necessary.
Preferred Qualifications
- Preferred advanced experience with MS Office, Archer, Ariba, and Teams.