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- Update third-party risk management policies and procedures.
- Develop and execute an annual work plan for third-party risk management, including reviewing and challenging risk identification, assessment, control evaluation, and testing activities.
- Utilize a consistent risk rating methodology for controls aligned with the Operational Risk Framework.
- Conduct periodic risk assessments of third-party risks.
- Assess, monitor, and track third-party risk management lifecycle activities as the second line of defense.
- Provide guidance on third-party risk management to First Line Units (FLUs).
- Ensure the completeness of central documentation for the bank-wide third-party population.
- Prepare aggregated third-party risk reports.
- Stay updated on industry tools, trends, and regulatory requirements.
- Collaborate with other Subject Matter Experts (SMEs) within the third-party risk management framework to ensure efficient risk management activities.
- Ensure timely implementation of the third-party risk management system and install updates as needed.
- Provide timely training on system upgrades or updates to all system users.
MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants. The Successful Applicant - Bachelor's degree required, advanced degree preferred.
- Minimum of 5 years of experience in the financial services industry required.
- Minimum of 5 years of experience in risk management, with at least 2 years in third-party risk management required.
- Knowledge of operational risk management, regulatory compliance, general IT risk/IT operations, and financial/banking industry business lines and workflows required.
- Preferred certifications: Certified Third-Party Risk Professional or Certified Regulatory Vendor Program Manager (not required). What's on Offer
My client is offering a competitive compensation package, salary + bonus. My client is offering a hybrid work schedule as well. Must be authorized to work in the United States.
Vendor Risk Manager - New York, United States - Michael Page
Description
About Our Client
One of the largest and most established foreign banking institutions in NYC.
Job Description