Job Type
Full-time
Description
We are looking to add a Third-Party Risk Manager to our dynamic compliance team. The Third-Party Risk Manager is responsible for supporting the Bank's Third- and Fourth Party Risk Management Programs through the assessment, monitoring, and ongoing oversight of third and fourth-party relationships. This role partners closely with internal stakeholders and strategic partners to identify, evaluate, and mitigate risks associated with vendors, service providers, and critical subcontractors.
The position plays a key role in conducting due diligence reviews and monitoring risk exposure and ensuring compliance with regulatory requirements and Bank policies.
What You'll Do: Risk Assessment & Due Diligence- Conduct due diligence and risk assessments for third-party vendors, strategic partners, merchants, and critical fourth-party relationships.
- Review financial, operational, compliance, information security, and business continuity documentation.
- Identify risks and recommend mitigation strategies.
Ongoing Monitoring & Issue Management- Perform ongoing monitoring activities commensurate with risk.
- Track remediation efforts and risk treatment plans.
- Escalate emerging risks and control deficiencies.
Third- and Fourth-Party Oversight- Assess third-party and fourth-party relationships for compliance with Bank standards and regulatory expectations.
- Review strategic partners' vendor management practices and critical subcontractor oversight.
- Maintain inventories and supporting documentation.
Merchant and Strategic Partner Risk- Support onboarding and ongoing risk assessments of merchants and strategic partners.
- Evaluate business models, control environments, and risk management practices.
- Identify operational, compliance, financial, and reputational risks.
Reporting and Examination Support- Prepare risk reporting and management information.
- Support regulatory examinations and audits.
- Assist with remediation of findings.
- Assess regulatory changes impacting areas of Third-Party Risk and Control assessment to determine and implement any actions required.
- Stay updated on industry best practices to support continuous process improvement.
Requirements
What We're Looking For:- Bachelor's degree in business, Finance, Risk Management, or a related field.
- Minimum of 5 years of experience in risk management, compliance, audit, or third-party risk management within sponsor banking or financial services.
- Strong analytical and problem-solving skills, excellent communication and interpersonal abilities, and proficiency in risk management tools and software.
- In-depth understanding of regulatory requirements and industry standards related to third and fourth-party risk management
- Thorough knowledge regarding the use of Microsoft Product Suite, including Word, Excel, PowerPoint and SharePoint
- Third Party Risk Management certification is preferred
This position is located in Salt Lake City and is a combination of in-office and remote work. 
