Third Party Risk Management Coordinator

Salary Grade : 12

SUMMARY:

Supports the Bank-wide Third-Party Risk Management Program, which analyzes and manages the risks posed by third-party relationships and is part of the Banks overall Enterprise Risk Management Program. Responsible for coordinating the onboarding of third parties, supporting the Third-Party Risk Management Officer, Subject Matter Experts (SMEs), and Third-Party Relationship Owners (TPROs) in the ongoing monitoring and review of third parties, coordinating third-party contract processing and maintaining the contract central file and tracking system.

ESSENTIAL JOB FUNCTIONS & RESPONSIBILITIES:

- Review, update and maintain documentation surrounding third party risk management processes and procedures to ensure documentation is current, accurate, and relevant.

- Coordinate the onboarding of third parties, relationship changes, ongoing monitoring and the periodic reviews performed based on risk level.

- Serve as a liaison to the Bank's Third-Party Risk Management Officer, SMEs, and TPROs in obtaining needed information from the third-party and business lines.

- Perform administrative functions in the Banks third-party risk management and contract management solutions.

- Coordinate Third-Party Risk Review packages for submission to the SMEs and TPROs.

- Maintain the SOC/SSAE reporting process, which includes gathering, coordinating review of, tracking and status reporting.

- Maintain the User Control Considerations/User Entity Controls/Recommendations process which includes gathering, coordinating review of, tracking and status reporting.

- Work with Legal Department for review and tracking of vendor contract contents and expiration.

- Coordinate completion and tracking of fully executed contracts working with Vendor Relationships Owners.

- Administer vendor approval packages for submission to the Chief Risk Officer.

- Assist with compilation and maintenance of action items and exceptions tracking.

- Assist with the preparation of Executive Management Committee, IT Governance Committee, and Board Reporting including the Service Level Agreement (SLA) Dashboard, Third-Party Pipeline Reporting, Contract Management Reporting, Third-Party Watch List, and Third-Party Risk Management Updates.

- Assist with gathering information for risk assessments, internal and external audit requests, and examinations.

- Handle special projects as requested.

QUALIFICATIONS:

EDUCATION & CERTIFICATIONS: (Minimum education required to perform the duties of this position)

- Minimum Associates Degree required. Bachelors Degree preferred.

- Minimum one year banking experience required.

- Prior risk management experience preferred.

KNOWLEDGE, SKILLS & ABILITIES:

- Knowledge of third-party risk management best practices, laws, regulation, and industry guidance or willingness to learn.

- Ability to multitask, analyze workflow, and make appropriate priority changes.

- Professionalism; including strong customer service both internally and externally.

- Discretion and ability to maintain confidentiality of work product.

- Must have cyber security awareness to protect the digital environment, the Bank, and customers.

COMPETENCIES:

- Ability to work independently within guidelines while at the same time being a team player.

- Attention to detail with strong organizational and communications skills.

- Ability to develop a positive rapport with internal and external customers.

- Ability to problem solve and make recommendations.

- Proficiency in Microsoft Office Suite that includes Word, Excel, PowerPoint, and database software