Third-Party Risk Management Specialist
4 weeks ago
Job Title: Third-Party Risk Management Manager
Job Summary:
Horizon Farm Credit is seeking a highly skilled Third-Party Risk Management Manager to join our team. As a key member of our organization, you will be responsible for leading our Third-Party Risk Management program, ensuring the integrity of our operations and safeguarding our company's reputation.
Key Responsibilities:
- Maintain a risk-based framework for TPRM, prioritizing critical vendors that pose the greatest threat to HFC's business objectives.
- Provide thought leadership to continuously improve and streamline the framework, aligning with risk vs. reward principles and applicable laws and regulations.
- Maintain a comprehensive inventory of third-party vendors, cataloged by commodity, engagement, service criticality, risk, and other key attributes to oversee critical vendors supporting essential business processes.
- Conduct risk-based due diligence across key areas, including information security, geographical factors, compliance, financial viability, and resilience.
- Implement ongoing monitoring capabilities to track changes in vendors' risk profiles, regularly reviewing and updating risk assessments based on changes.
- Develop clear and concise reports highlighting key risk metrics and insights for business leadership, facilitating informed decision-making and heightened awareness of potential threats.
- Proactively identify and escalate risks associated with vendor concentration and dependencies, as well as risks from fourth-party relationships, ensuring appropriate actions are taken to mitigate exposures, including adequate contingency planning.
- Develop and deliver educational, awareness, and training programs to enhance understanding of third-party risks among key stakeholders and business leadership, empowering them to make risk-informed decisions.
- Manage and develop correspondence with vendors regarding RFPs, RFQs, pricing and contract negotiations, and contract/service management.
Requirements:
- Bachelor's degree in IT, Business Administration, or related field.
- Generally, 5 or more years of related experience within Insurance, Banking, or Asset management is preferred.
- Strong understanding of the TPRM life cycle, including vendor onboarding, due diligence, ongoing monitoring, and offboarding.
- In-depth understanding of third-party vendor risks, including cyber, operational, and financial risks.
- Strong leadership skills with the ability to influence, motivate, and lead others, including those in other departments.
- Ability to discern and measure business-relevant risk from third-party risks and issues, and to identify cost-effective remediation options.
- Excellent oral and written communication skills for communicating to management, internal audit, and user community.
- Ability to identify regulatory compliance gaps within internal guidance (policies and procedures).
- Strong organizational skills, problem-solving skills, project management skills, and the ability to adapt to a changing work environment and work independently.
What We Offer:
- Competitive compensation and benefits packages for full-time employees.
- Medical insurance with dental and vision care options.
- 401(k) with significant employer matching.
- Paid time off, holidays, and volunteer time to support work/life balance.
- Tuition reimbursement and training opportunities.
- Student loan reimbursement.
- Leadership and career development opportunities.
- Paid maternity and bonding leave.
- Paid short-term disability.
- Fun and inclusive work environment.
Salary Range: $93,000 - $116,300 depending on experience.
Horizon Farm Credit is an equal opportunity employer, including veterans and individuals with disabilities.
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