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Third-Party Risk Manager

Company: Disability Solutions
Location: Phoenix
Posted on: February 12, 2024

Job Description:

Job Title:Third-Party Risk ManagerLocation:CityScapeWhat you'll do:Western Alliance Bank Corporation is currently seeking an experienced Third-Party Risk Manager to join our Third-Party risk management team in the second line of defense (TPRM). The successful candidate will play a critical role in enhancing and executing the bank's third-party risk management framework in accordance with industry best practices and regulatory requirements set forth by the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC).What we are looking for: Responsibilities:

  • Develop, maintain, and oversee a comprehensive TPRM program that aligns with the bank's enterprise risk appetite and regulatory expectations.
  • Develop and maintain a TPRM framework, function, and practices that comply with relevant laws, regulations, and the Interagency Guidance on Third-Party Relationships: Risk Management guidance, including OCC Bulletin 2013-29, OCC Bulletin 2020-10, FDIC guidance, and FRB expectations.
  • Perform Targeted Assessments of first line functions, to derive process effectiveness conclusions of first line functions, leveraging industry frameworks, regulatory guidance and industry best practices.
  • Perform Data Analysis and analytical reviews of first line processes for risk identification and risk treatment recommendations. Analyze and develop Key Risk Indicators for both first line and second line risk.
  • Keep apprised of emerging risks, regulatory changes, and industry best practices related to third-party risk management.
  • Implement a robust third-party risk assessment process with a scope that emphases the stages of the Third-Party Relationship Risk Management Life Cycle (due diligence and third-party selection, contract negotiation, ongoing monitoring, termination, and planning).
  • Collaborate with First-Line-of-Defense business units (BUs) to identify, manage, and mitigate risks associated with third-party engagements. Additionally, collaborate with BUs and enterprise risk management (ERM) functions to execute credible challenge based on the ERM framework, policy, and enterprise programs.
  • Partner with key stakeholders to implement tools and automation that support effective management and oversight of third-party risk and mature processes to scale the program.
  • Foster a strong control environment by promoting through credible challenge the placement of appropriate contractual protections such as service level agreements (SLAs), Recovery Time Objectives (RTOs), indemnities, and insurance requirements.
  • Provide subject-matter expertise on third-party risk management practices to BUs and senior management.
  • Conduct regular reporting to senior management and appropriate committees on the status of third-party risks, the effectiveness of the control environment, the results of risk assessments, and any changes on the regulatory and third-party environment including the detection of emerging risks.
  • Support ERM Regulatory Relations as a subject-matter-expert of the bank's TPRM practices, as needed, whenever there are internal and external audits, as well as federal regulatory examinations.
  • Lead educational and awareness initiatives to promote a culture of strong third-party risk management across the organization.
  • Contribute to various enterprise risk management initiatives, produce high quality deliverables including procedure documents, reports, and presentations for all levels of management.
  • Collaborate across work streams and support cross-functions for ERM/ORM/TPRM program enhancements.
  • Lead and develop a team; responsible for hiring, coaching, performance management, training, and development.
  • May require travel up to 25% of the time.Requirements:
    • Bachelor's degree in Business Administration, Finance, Risk Management, or a related field is required. An advanced degree or relevant certifications (e.g., CRVPM, CTPRP, CISSP) are a plus.
    • Minimum of 6 years of experience in third-party risk management or a related risk management function in the second line of defense within the financial services industry.
    • Minimum of 3 years of successful and direct people management experience.
    • Demonstrated understanding of the regulatory landscape governing third-party relationships, including FRB requirement, OCC, and FDIC.
    • Proven ability to evaluate complex engagements, contracts, and third-party risk profiles for risk implications and nuances.
    • Strong analytical and problem-solving skills with the ability to assess levels of risk and make decisions accordingly.
    • Advanced communication, interpersonal, and conflict resolution skills; visionary leadership, imagination, creativity, insight, and boldness.
    • High level of speaking and writing skills (ex: executive, regulatory, etc.).
    • Ability and desire to learn continuously and adapt in a fast-changing environment.
    • Ability to work independently and manage multiple projects simultaneously in a fast-paced environment.
    • Advance ability with Microsoft Excel, and Microsoft Projects.
    • Experience with GRC tools such as SIA software or any other GRC tool or software.
    • Relevant industry and professional experience across two or more of the three lines of defense is a plus.Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.-- Western Alliance Bancorporation

Keywords: Disability Solutions, Phoenix , Third-Party Risk Manager, Executive , Phoenix, Arizona

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