Third-Party Risk Management Specialist
2 weeks ago
At U.S. Bank, we are committed to excellence in serving our customers and communities. Our mission is to empower individuals and businesses to make informed financial choices while fostering growth and success within the communities we serve. We recognize that every team member brings unique talents and perspectives, and we are dedicated to providing a dynamic work environment that supports your professional journey from day one.
Position Overview
The Third-Party Portfolio Risk Manager (TPPRM) plays a pivotal role in the organization, reporting directly to the Manager of Third Party Portfolio Management. This position collaborates closely with Product Service Owners (PSOs) across designated Business Lines (BL), Chief Risk Officers (CRO) staff, Risk/Compliance/Audit (RCA) Managers, Procurement teams, Legal Division, as well as Technology and Information Security departments to effectively implement and oversee the comprehensive third-party risk management lifecycle. The TPPRM is accountable for achieving operational metrics that contribute to the success of a high-performance team. Assigned to a specific Business Line, the TPPRM will manage the Third-Party Portfolio throughout all phases of the lifecycle as outlined in the interagency regulatory guidance on Third Party Risk Management. The lifecycle encompasses: Planning, Risk Assessment, Due Diligence / Third Party Selection, Contracting, and Ongoing Monitoring / Performance Management. The TPPRM will operate within a client-focused model, where Business Lines and PSOs depend on the TPPRM for the onboarding and continuous management of third parties, emphasizing resilience and performance.
- Execute programs that achieve Service Level Objectives (SLO) to ensure proactive management of third-party risk within the client-centric model.
- Foster strong partnerships and build relationships within Risk Management & Compliance, Operational Risk, Risk & Control Specialist groups, and Technology partners across Business Lines and CRO teams to fulfill business and organizational goals through effective use of Third Parties.
- Carry out daily responsibilities, including:
- Act as the primary relationship owner and point of contact for Business Lines to assist in managing their third-party portfolios.
- Cultivate effective relationships with Business Lines and Product Service Owners to collaborate during the selection of Third Parties (Planning phase) through appropriate due diligence and risk assessment aligned with regulatory expectations.
- Manage risks and relationships with third-party contacts (e.g., Account Managers) to support Product Service Owners.
- Understand and actively oversee Business Line third-party portfolios, ensuring optimal product/service mappings, assessments/evaluations, and segmentation across both Corporate and Business Directed programs.
- Assume end-to-end responsibility for process execution/facilitation from BCI and change form intake through due diligence, risk assessment, contracting, and ongoing monitoring, including any Third-Party Events/Incidents.
- Stay engaged with assigned Business Line relationship managers/stakeholders and assist CROs with reporting/updates for Business Line Risk Committee meetings.
- Guide requests for new third parties, new product services, or new contracts through the process while prudently managing risk.
- Coordinate contract reviews with Procurement, Legal Division, and other RCS groups, ensuring negotiations progress effectively.
- Challenge RCS groups on findings and escalate issues as necessary.
- Actively manage remediation plans through discussions with Business Lines, RCS groups, and third parties.
- Ensure overall portfolio risk remains within appetite by managing reassessments and minimizing breaches of Key Risk Indicators or other operational metrics.
- Collaborate with Product/Service Owners within Business Lines to actively manage third-party performance, business continuity, and resilience.
Basic Qualifications
- Bachelor's degree or equivalent work experience.
- Typically requires more than six years of relevant experience.
Preferred Skills/Experience
- Extensive experience in all facets of Third-Party Risk Management (TPRM) program management, with a solid understanding of applicable laws, regulations, financial services, and regulatory trends affecting the banking sector.
- Proven relationship-building skills and a track record of achieving organizational objectives through collaboration and influence.
- Familiarity with the operations, products/services, systems, and associated risks/controls of the business line, with knowledge of Wealth Management being a plus.
- Comprehensive understanding of Risk/Compliance/Audit competencies.
- Strong individual contributor skills in process management, influencing, and negotiation.
- Ability to manage stressful situations effectively.
- Excellent written and verbal communication skills.
- Strong analytical and problem-solving abilities.
- Proficient in computer skills, particularly Microsoft Office applications.
This role offers a hybrid/flexible schedule, with an expectation of in-office presence for three or more days per week, along with the flexibility to work remotely on other days.
Benefits:
Our benefits and total rewards approach considers the holistic needs of our team members, ensuring support for both personal and professional well-being. Our benefits are designed to enhance your health, safeguard your financial security, and provide peace of mind. Benefits include (some may vary based on role, location, or hours):
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer committed to fostering a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status, among other factors. Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution, and pension (all benefits are subject to eligibility requirements).
-
Portfolio Risk Manager
6 days ago
Minneapolis, Minnesota, United States U.S. Bank Full timeAbout the Role:U.S. Bank is seeking a highly skilled Third Party Portfolio Risk Manager to join our team. As a key member of our Risk Management department, you will be responsible for managing the end-to-end execution of third-party risk management lifecycle across various business lines.Key Responsibilities:Partner with Product Service Owners, Chief Risk...
-
Senior Third Party Assurance Specialist
1 week ago
Minneapolis, Minnesota, United States BDO Full timeJob Overview: The Senior Assurance Analyst for Third Party Attestation is tasked with the creation of attestation reports for third-party entities. This includes System and Organization Controls (SOC) reports such as SOC 1, SOC 2, SOC 3, SOC for Cybersecurity, and WebTrust for Certificate Authorities, along with compliance frameworks like HITRUST, SSPA,...
-
Vendor Risk Management Specialist
7 days ago
Minneapolis, Minnesota, United States Russell Tobin & Associates Full timeJob Summary:Russell Tobin & Associates is seeking a highly skilled Vendor Risk Management Specialist to join our team. As a key member of our vendor management team, you will be responsible for driving key business relationships with business partners across our bank.Key Responsibilities:Vendor lifecycle management, including onboarding, oversight,...
-
Vendor Risk Management Specialist
2 weeks ago
Minneapolis, Minnesota, United States Russell Tobin & Associates Full timePosition Overview: Risk Vendor ManagerOur client, a prominent player in the financial services sector, is in search of a Vendor Manager specializing in risk management. This role operates on a hybrid schedule, requiring presence in the office three days a week.Employment Type: Contract-to-Hire | W2 Non-ExemptCompensation: $62.00 per hour, based on...
-
Vendor Risk Management Specialist
2 weeks ago
Minneapolis, Minnesota, United States Russell Tobin & Associates Full timePosition Overview: Risk Vendor ManagerOur client, a distinguished financial services firm, is in search of a Vendor Manager specializing in risk management, operating on a hybrid work model.Contract-to-Hire | W2 Non-ExemptHybrid - 3 days a week in officeCompensation: $62.00 per hour, based on experienceThis role is integral to a well-established vendor...
-
Risk Vendor Manager
6 days ago
Minneapolis, Minnesota, United States Russell Tobin & Associates Full timeJob Summary:Russell Tobin & Associates is seeking a highly skilled Vendor Risk Management Specialist to join our team. As a key member of our vendor management team, you will be responsible for driving key business relationships with business partners across our bank.Key Responsibilities:Vendor lifecycle management, including onboarding, oversight,...
-
Lead Risk Management Specialist
2 weeks ago
Minneapolis, Minnesota, United States EisnerAmper Full timePosition Overview EisnerAmper is in search of a Senior Manager to enhance its Risk & Compliance Services division, specifically within the IT Risk, Data Privacy & Security team. This role is crucial in delivering a spectrum of IT-focused risk advisory services that are grounded in established risk management standards and technical acumen. Why Choose...
-
Claims Recovery Specialist
2 days ago
Minneapolis, Minnesota, United States Element Fleet Management Full timeJob SummaryElement Fleet Management is seeking a highly skilled Claims Recovery Specialist to join our team. As a Claims Recovery Specialist, you will play a critical role in recovering losses for our clients by identifying and pursuing liable third parties.Key ResponsibilitiesInvestigate and secure claim information from liable third parties to facilitate...
-
Minneapolis, Minnesota, United States Diedre Moire Corp. Full timePosition Overview:We are seeking a highly skilled Mergers and Acquisitions Risk Management Specialist to join our team at Diedre Moire Corp. This role focuses on the development and implementation of tailored insurance solutions for M&A transactions.Key Responsibilities:Collaborate with stakeholders to create customized insurance policies that address...
-
IT Risk and Compliance Senior Manager
2 weeks ago
Minneapolis, Minnesota, United States EisnerAmper Full timePosition Overview EisnerAmper is in search of a dedicated Senior Manager to enhance its Risk & Compliance Services division, specifically within the IT Risk, Data Privacy & Security team. This role is pivotal in delivering comprehensive IT risk advisory solutions that are anchored in established risk management standards and technical proficiency. Why Choose...
-
Vendor Management Lead
1 week ago
Minneapolis, Minnesota, United States Rose International Full timePosition Title: Manager – Bank Vendor ManagementJob ID: 1129Employment Type: Contract-to-hireWork Hours: StandardLocation: Minneapolis, MN 55403This role is pivotal in overseeing a well-established vendor management team that fosters essential business relationships with partners. The selected candidate will collaborate closely with vendors, affiliates,...
-
Vendor Management Lead
2 weeks ago
Minneapolis, Minnesota, United States Genesis10 Full timePosition Overview:Genesis10 is seeking a Vendor Management Lead for a contract opportunity. Role Summary:This role is pivotal in overseeing a well-established vendor management team, fostering essential business relationships with various stakeholders across the organization. The Vendor Management Lead will collaborate closely with vendors, affiliates, and...
-
Vendor Management Lead
2 weeks ago
Minneapolis, Minnesota, United States Genesis10 Full timePosition Overview:Genesis10 is in search of a Vendor Management Lead to oversee banking vendor relationships for our client. Role Summary:This pivotal role will be part of a seasoned vendor management team, focusing on fostering essential business connections with partners throughout the organization. The selected candidate will engage with vendors,...
-
Manager-Bank Vendor Management
4 weeks ago
Minneapolis, Minnesota, United States Genesis10 Full timeGenesis10 is seeking a Manager-Bank Vendor Management for a contract with our client in Minneapolis, MN. Job Description:Join a well-established vendor management team driving key business relationships with business partners across the company. This vendor management position will work closely with vendors, affiliates, and business partners to deliver third...
-
Vendor Management Lead
1 week ago
Minneapolis, Minnesota, United States Rose International Full timePosition Title: Manager – Bank Vendor ManagementJob ID: 1129Employment Type: Contract-to-hireWork Hours: StandardLocation: Minneapolis, MN 55403This role is essential in overseeing a well-established vendor management team that fosters critical business relationships with partners. The Manager of Bank Vendor Management will collaborate closely with...
-
Risk Management Director
7 days ago
Minneapolis, Minnesota, United States BC Management Inc Full timeJob SummaryWe are seeking a highly skilled Director of Operational Risk Management to join our team at BC Management Inc. As a key member of our Global Risk Services department, you will be responsible for leading and embedding the operational risk management framework at the enterprise level.Key ResponsibilitiesManage and improve the operational risk...
-
IT Risk and Compliance Senior Manager
2 weeks ago
Minneapolis, Minnesota, United States EisnerAmper Full timePosition Overview EisnerAmper is in search of a dedicated Senior Manager to enhance its Risk & Compliance Services division, specifically within the IT Risk, Data Privacy & Security team. This role is pivotal in delivering a spectrum of IT-focused risk advisory solutions, leveraging both risk management standards and technical proficiency. Why Choose...
-
Vendor Management Lead
1 week ago
Minneapolis, Minnesota, United States Rose International Full timePosition Title: Manager – Bank Vendor ManagementJob ID: 1129Employment Type: Contract-to-hireWork Hours: StandardLocation: Minneapolis, MN 55403This role is pivotal in overseeing a well-established vendor management team that fosters essential business relationships with partners. The individual in this position will collaborate closely with vendors,...
-
Vendor Management Lead
2 weeks ago
Minneapolis, Minnesota, United States Rose International Full timePosition Title: Manager – Bank Vendor ManagementJob ID: 1129Employment Type: Contract-to-hireWork Hours: StandardLocation: Minneapolis, MN 55403We are seeking a highly skilled professional to oversee a well-established vendor management team, responsible for fostering essential business relationships with partners. This role involves close collaboration...
-
Vendor Management Lead
2 weeks ago
Minneapolis, Minnesota, United States Rose International Full timePosition Title: Manager – Bank Vendor ManagementJob ID: 1129Employment Type: Contract-to-hireWork Hours: StandardLocation: Minneapolis, MN 55403We are seeking a skilled professional to oversee a well-established vendor management team that is pivotal in fostering essential business relationships with partners. This role involves close collaboration with...
