Senior Third-Party Risk Management Consultant

2 weeks ago


Sacramento, California, United States Golden 1 Full time
Position Overview:
The Senior Vendor Risk Management Specialist plays a crucial role in leveraging the Credit Union's risk management framework to identify, evaluate, and mitigate various risks associated with third-party relationships. This includes financial, reputational, regulatory, and operational risks throughout the lifecycle of partnerships.

Key Responsibilities:
  • Utilize the Vendor Risk Management Program to conduct thorough vendor due diligence, risk assessments, and continuous monitoring.
  • Collaborate with internal stakeholders such as business owners, technology teams, and compliance departments to assess and manage third-party risks effectively.
  • Provide comprehensive risk analysis and reporting to key stakeholders, ensuring alignment with the organization’s risk management objectives.
  • Champion the enterprise risk management approach, offering expert guidance on third-party risk issues.
  • Assist in developing and implementing tools, practices, and policies for effective third-party risk management.

Essential Duties:
  • Support all Vendor Risk Management activities to proactively identify and mitigate risks.
  • Facilitate stakeholder meetings to discuss relevant issues and trends in third-party risk.
  • Conduct thorough evaluations of vendor profiles to determine risk classifications and ensure accurate documentation.
  • Coordinate the completion of vendor questionnaires and due diligence requests, ensuring all onboarding steps are fulfilled.
  • Provide ongoing training and guidance to business units on risk assessments and compliance with third-party risk management policies.

Qualifications:
  • Bachelor's degree preferred or equivalent experience in vendor/third-party risk management, audit, or compliance.
  • A minimum of five years of relevant experience in a financial institution.
  • Strong knowledge of third-party lifecycle management and risk management methodologies.
  • Excellent analytical, problem-solving, and communication skills.

Physical Requirements:
Ability to perform tasks that require prolonged sitting, occasional mobility, and the ability to lift up to 15 lbs. as necessary. Occasional travel may be required for the role.

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