This Second Line of Defense role is responsible for assessment and oversight of risks taken by the Bank through its use of third-party service providers. Executes risk assessments to ensure that the Bank adequately identifies risk associated with third parties, conducts the appropriate due diligence, and identifies appropriate mitigating controls. The Risk Officer acts as a challenge to business functions onboarding third parties and coordinates with other risk subject matter experts so that risks are understood and managed. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of new or existing risks. Maintains a strong knowledge of new or emerging risk management methodologies through professional networking and industry involvement.
Responsibilities
• Risk Oversight & Monitoring
- Provides objective oversight of risks through effective challenge using defined methodologies and subject matter expertise. Execute inherent risk assessments and coordinate the collection of vendor documentation. Perform due diligence on vendors to identify risks, gaps, or issues. Work with business lines to communicate risk and develop mitigating controls or action plans. Make decisions on risk items such as severity/impact, likelihood, and criticality. Escalate and report on material risk elements as needed. Work in collaboration with cross-functional teams to address risks and issues. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of risk.
• Risk Management Proficiency
- Maintains a strong knowledge of risk management principles and regulatory guidance.
• Business Support
- Provides support for business programs and initiatives.
Required Skills:
Experience working with TPRM applications
Knowledge of risk techniques and practices
Strong verbal and written communication skills
Preferred Area of Experience:
Third-Party Risk Management
Enterprise Risk Management or Operational Risk Management
Education
Bachelor's Degree and 4 years of experience OR High School Diploma or GED and 8 years of experience
About US Tech Solutions:
US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com.
US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
