Director Third Party Risk Oversight

Overview

This is a remote role that may be hired in several markets across the United States.

We are seeking an experienced and strategic leader to report to the Senior Director of Third Party Risk Oversight (TPRO). This role is critical in establishing and maintaining oversight of a robust Third Party risk framework, ensuring alignment with regulatory requirements and corporate objectives. The ideal candidate will have a strong background in Third Party risk, Third Party resiliency, operational risk management, and data-driven reporting. This position requires strong leadership, strategic thinking, and collaboration skills to support risk management efforts across the company.

This role drives organizational change through the development and implementation of the Enterprise Risk Management and Operational Risk Management frameworks.

• Oversees Third Party reporting, metrics and data to enhance the identification and management of risk.
• Directs the aggregate monitoring and enhancement of frameworks through innovative tools or processes.
• Effectively challenges Operational Risk Events, Loss Monitoring, and Risk Acceptances.
• Responsible for oversight of Cyber Risk Events and Third Party vulnerabilities.
• Accountable for Third and Fourth Party oversight through committees, councils and working groups.
• Develops approaches for evolving risks such as Artificial Intelligence, Fintech, and Third Party Resiliency.
• Executes reviews over New Products and Services involving Third Parties.
• Responsible for Regulatory and Internal Audit requests and exams.
• Builds influential relationships with senior management within business units and supports escalation to board committees.
• Develops collaborative partnerships with internal departments, external auditors, regulatory agencies, and other stakeholders to enhance cross-functional risk management capabilities.

• Governance
• Develop, implement, and maintain an effective Third Party risk governance framework that aligns with regulatory and industry standards.
• Lead the establishment, monitoring and effective challenge of risk governance processes, ensuring consistent risk management practices.
• Establishes the management routines associated with effective committee management and outcomes.
• Risk Appetite and Framework
• Maintain the management processes to support the ongoing reporting of and efficacy of the organization's operational risk appetite.
• Ensure alignment between risk appetite and strategic goals, fostering a balanced approach to risk taking.
• Collaborate with stakeholders to review and adjust risk appetite as needed, ensuring responsiveness to evolving internal and external conditions.
• Risk Reporting
• Oversee the design and delivery of comprehensive risk reports, dashboards, and analytics for senior leadership and board-level reporting.
• Enhance reporting capabilities to provide actionable insights into risk exposure, emerging risks, and key trends.
• Establish and manage the processes to ensure data accuracy, consistency, and transparency in all risk-related reporting and communications.
• Business Management
• Foster a culture of accountability, collaboration, and continuous improvement within the organization.
• Act as a liaison between the TPRO organization and other departments, ensuring alignment and effective communication across the organization.
• Manages the performance, training, and evaluation of assigned staff. Maximizes department achievements by providing professional development.

• In-depth knowledge of Third Party risk, risk appetite methodologies, and regulatory requirements.

• Background in Third Party resiliency and Third Party cyber.

• Experience with building out Third Party lifecycle activities in emerging risks such as Artificial Intelligence.

• Proven experience in risk reporting and analytics, with strong data interpretation and communication skills.

• Exceptional leadership, collaboration, and strategic thinking abilities.

• Strong understanding of the financial services industry, operational processes, and risk mitigation techniques.

• Strategic vision and ability to align risk practices with business objectives.
• Excellent communication and presentation skills, with the ability to influence and engage senior stakeholders.
• Strong analytical and problem-solving skills.
• Proven track record in building and leading high-performing teams.