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Head of Third-Party Cybersecurity Risk

2 months ago

Minnesota, United States PRI Technology Full time

The Director of Third-Party Cyber Risk Management plays a pivotal role in shaping and executing the organization's strategy for managing cyber risks associated with external partners. This position is crucial for ensuring that all vendor relationships adhere to regulatory standards, align with corporate cybersecurity policies, and fulfill the organization's risk management criteria. The Director will spearhead the development and implementation of a robust third-party risk management framework while guiding a team of experts in evaluating, monitoring, and mitigating risks linked to vendors and other external entities. Here’s how you will contribute:

Program Development and Oversight:

  • Craft and execute a thorough third-party cyber risk management program.
  • Establish and uphold policies and procedures for evaluating and controlling third-party risks.
  • Continuously enhance the program in response to emerging threats and regulatory changes.

Risk Evaluation and Reduction:

  • Perform comprehensive risk evaluations of third-party vendors, including initial assessments and ongoing surveillance.
  • Identify potential weaknesses and propose strategies for risk reduction.
  • Collaborate with external partners to address and resolve identified vulnerabilities.

Vendor Engagement:

  • Foster and maintain robust relationships with key external vendors and partners.
  • Ensure that vendor contracts incorporate necessary cybersecurity stipulations and standards.
  • Collaborate with legal and procurement teams to negotiate cybersecurity clauses in agreements.

Incident Response:

  • Assist in managing responses to cybersecurity incidents involving external vendors.

Reporting and Stakeholder Communication:

  • Provide regular updates to senior leadership regarding the status of the third-party cyber risk management initiative.
  • Prepare and deliver reports on third-party risk evaluations and mitigation strategies.
  • Effectively communicate with internal teams and external vendors about cyber risk expectations and requirements.

Compliance with Regulations:

  • Ensure that the third-party cyber risk management program adheres to applicable regulations and industry standards.
  • Stay informed about regulatory developments and adjust the program as necessary.

Required Skills and Qualifications:

  • A Bachelor’s degree or higher from an accredited institution.
  • A minimum of ten years of experience in Cybersecurity across various sectors.
  • At least five years of management or supervisory experience.
  • CISSP certification is required.

Preferred Qualifications:

  • A Master’s degree in computer engineering, information technology, or a related field.
  • 8-10 years of experience in cybersecurity and risk management, with at least five years in a leadership role focused on third-party risk.
  • In-depth knowledge of cybersecurity frameworks and standards.
  • Additional certifications such as SANS or ISACA credentials.
  • Exceptional communication, negotiation, and relationship management skills.
  • A collaborative approach to working with internal teams and external partners.