Third-Party Risk Management Specialist

3 days ago


Reston, Virginia, United States Broadgate Full time
Job Summary

We are seeking a highly skilled Third-Party Risk Management Specialist to join our team at Broadgate. As a key member of our organization, you will play a critical role in supporting the maturity of our Third-Party Risk Management Program.

Key Responsibilities
  • Support the development of strategy deliverables and provide recommendations to enhance the program.
  • Lead TPRM staff across the enterprise to welcome and accept change, promoting a culture of adaptability and innovation.
  • Provide periodic reports to management and stakeholders, ensuring transparency and accountability.
  • Manage vendor reviews with the TPRM team, identifying and mitigating risks associated with third-party vendors.
  • Own the completion of the business and vendor review process, overseeing the entire vendor lifecycle, from risk classification to termination.
  • Evaluate third parties as a subject matter expert, assessing their compliance with company standards, TPRM policies, and Federal regulations.
  • Utilize and enhance TPRM technology to streamline the due diligence process, escalating issues and concerns as necessary.
  • Develop solutions for remediation of identified risks and document mitigants, ensuring effective risk management.
  • Complete formal written risk assessments of vendors and communicate findings to Procurement, business line owners, Legal, and other stakeholders.
  • Read and understand contractual agreements to ensure identified risks comply with company policies and procedures, legal, and regulatory requirements.
  • Establish good peer relationships and foster collaboration with internal and external stakeholders, providing top-tier customer service.
  • Provide training to TPRM employees, both new and existing, to ensure a high level of expertise and knowledge.
Requirements
  • Minimum 7 years of knowledge of Third-Party Risk Management methodologies and regulatory guidance, or risk management experience at a fintech organization.
  • Minimum 5 years of experience at a Bank, financial institution, larger corporation, or a fintech.
  • Bachelor's degree or equivalent experience.
  • Well-versed in financial regulatory and supervisory expectations in the risk areas.
  • Expert-level creative thinking and strong problem-solving skills.
  • Hands-on experience with executing on a Third-Party Risk Management program.
  • Proven experience in contract management, being able to read a contract and understand and communicate contractual provisions and the impact to risk.
  • Familiarity with vendor technology risk assessment controls and associated subdomains, or similar experience in related IT-audit or IT-audit support roles.
  • Familiarity with the current regulatory environment on Technology-related Vendor Risk for financial institutions, i.e., OCC, FFIEC BRP/DR Handbook, FDIC guidance.


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