Third-Party Risk Management Supervisor

Company: Idaho Central Credit Union
Location: Pocatello
Posted on: May 25, 2023

Job Description:

Overview:The Third-Party Risk Management (TPRM) Supervisor is responsible for applying the Third Party Risk Framework to all new and current vendors that are contracted by ICCU which includes supervising vendor relationship team members.Responsibilities:This position will assist with the implementation of the programs and policies and supporting the ongoing compliance with the requirements of regulatory guidance, internal policies and proceduresEnsures ICCU TPRM process is compliant with regulatory updates and industry best practices.Wok with the ICCU stakeholders, including Senior Contract Strategist, Information Technology, Business Analysts, and all business lines management to onboard new vendors, collect the relevant documentation necessary for the appropriate level of risk assessment, and manage annual assessments of current vendors.Provides recommendations on process improvement whenever process weaknesses are identified.Holds TPRM team members and stakeholders accountable for their part of the process. Assist line of Business or Service Requestor in Third Party on-boarding process including:Vendor registration and approval processService Risk AssessmentDocumentation compilation & submission - SOW, MNDA, MSACoordination of procurement process - contract negotiations, budget, historical spend and contract executionDue diligence compilation & submission - InfoSec, Compliance, BCP documents for on-boarding and annual re-assessments.Assist in ongoing monitoring of third party engagementsCoordination of vendor monitoring meetingsFacilitation of meetings when escalation of issues is requestedSupport third party strategy setting through identifying cost savings opportunities and new product opportunities or product consolidationCoordinate closeout activities of third party terminations & natural expirations from notification of terminations, coordination for movement from one vendor to another, or bringing services in-houseCoaches TPRM team members to be always learning and improving TPRM knowledge of all risk categories.Capable of envisioning and/or of creating applicable reports and dashboards that track Key Performance Indicators (KPI).Conducts business with other business lines with professionalism, respect, and leadership.Able to create training material, procedural documents and have effective presentation skills.Additional duties and tasks may be assigned based on business needs or regulatory requirements.Qualifications:Bachelor's Degree or equivalent experience.3-5 years of experience with process improvement, relationship management, or project management.Preferred Skills:Experience with analyzing processes, risks, and mitigating factors.Experience working in a credit union, other financial institution, or similarly regulated industry.Comfortable with qualitative and quantitative analysis, and with presenting rationale or evidence to support analysis.Proactive, creative, and with the ability to communicate and lead vertically and horizontally.Performance Standard:The TPRM Supervisor must demonstrate the ability to manage complex relationships with stakeholders, vendors, and other ICCU staff members while maintaining a high standard of professionalism.Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by Idaho Central Credit Union.Physical Requirements:Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).Sit for extended periods of time.Lift 20-40 pounds of applicable supplies, including but not limited to copy paper, cash drawers, marketing material, etc.Repetitive motion using wrists, hands, and fingers.Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).The above statements reflect the general details considered necessary to describe the job's essential functions and should not be construed as a detailed description of all the work requirements that may be inherent to the job.Must be eligible for membership at Idaho Central Credit Union to obtain employment.Idaho Central Credit Union is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, age, disability, protected veteran status, or other characteristics protected by law.

Keywords: Idaho Central Credit Union, Pocatello , Third-Party Risk Management Supervisor, Executive , Pocatello, Idaho