Third Party Risk Management VP

About Our Client

One of the largest and most established banking institutions in NYC.

• Establish and enhance the Third Party Risk Framework to effectively manage third party risks.
• Revise third party risk management policies and procedures.
• Create and implement an annual work plan to review and challenge risk identification, assessment, control evaluation, and testing activities.
• Apply a consistent risk rating methodology for controls that aligns with the Operational Risk Framework.
• Conduct periodic assessments of third party risks.
• 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 comprehensive documentation for the bank's third party population.
• Prepare consolidated reports on third party risk.
• Stay informed about industry tools, trends, and regulatory requirements.
• Collaborate with subject matter experts to enhance the efficiency of third party risk management activities.
• Ensure the timely implementation and updates of the third party risk management system.
• Deliver training on system upgrades and updates to all users.

MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

• A bachelor's degree is required; an advanced degree is preferred.
• At least 10 years of experience in the financial services industry is necessary.
• Minimum of 10 years in risk management, including at least 2 years in third party risk management.
• Required knowledge of operational risk management and assessment, regulatory compliance, general IT risk, IT operations, and business workflows in the financial/banking sector.
• Certification as a Third Party Risk Professional or Certified Regulatory Vendor Program Manager is preferred but 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.