Third Party Risk Analyst
ICONMA, LLC
Our Client, a Banking company, is looking for a Third Party Risk Analyst for their Mount Laurel, NJ/Hybrid location. Responsibilities:
+ Manage an assigned business group of third parties and prepare portfolio wide and transaction specific analysis with recommendations.
+ Maintain an understanding of business specific third-party risks and provide suggestions for improvement or mitigation.
+ Adhere to enterprise TPRM frameworks or methodologies that relate to activities for our business area
+ Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
+ Consistently exercise discretion in managing correspondence, information, and all matters of confidentiality; escalate issues where appropriate
+ Ensure business operations are following applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
+ Participate in cross functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
+ Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
+ Conduct meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
+ Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist
+ Lead / facilitate and/or implement actions / remediation plans to address performance / risk /governance issues
+ Actively manage relationships within and across various business lines, corporate and/or oversight functions and ensure alignment with enterprise and/or regulatory requirements
+ Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
+ Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
+ Coordinate with risk stakeholder to establish complete view of all gaps between contract or 3rd Party Controls
+ Coordinate with 2nd line partners to assess the appropriateness of proposed mitigants to both contract and control shortfalls, and/or proposed remediation plan
+ Support the identification of Critical and Business Significant third-party arrangements
+ Act as the TPRM liaison for business during material events impacting the business lines supply chain
Requirements
+ Experience in both Sourcing and Supply Chain/Vendor Management: 3 years
+ Sourcing experience.
+ Third party management life cycle experience: 3 years
+ Third Party Risk Experience: 3 years
+ Understanding of TPRM Risk Assessments; including Inherent and Residual risk concepts: 3 years
+ Banking experience.
+ Vendor management experience
+ College or University degree
+ Understanding of TPRM Risk Assessments; including Inherent and Residual risk concepts
Nice To Have
+ Banking experience
Why Should You Apply?
+ Health Benefits
+ Referral Program
+ Excellent growth and advancement opportunities
As an equal opportunity employer, ICONMA provides an employment environment that supports and encourages the abilities of all persons without regard to race, color, religion, gender, sexual orientation, gender identity or express, ethnicity, national origin, age, disability status, political affiliation, genetics, marital status, protected veteran status, or any other characteristic protected by federal, state, or local laws.
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