Third Party Risk Management VP

Client will move quickly qualified candidatesClient offers a hybrid work modelAbout Our ClientOne of the largest and most established banking institutions in NYC.Job DescriptionEstablish 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 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 ApplicantA 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 OfferMy 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.ContactThomas FalusQuote job refJN-102024-6566579Job summarySectorBanking & Financial ServicesSub SectorRisk ManagementIndustryFinancial ServicesLocationNew YorkContract TypePermanentConsultant nameThomas FalusJob ReferenceJN-102024-6566579Job NatureHybrid working