About the Role
New York Life seeks an experienced, strategic leader to serve as Head of Third-Party Risk Management (TPRM). Sitting in the Second Line of Defense, with oversight into the 1.5 Line of Defense, this role ensures an effective third-party risk management framework. The Head of TPRM will lead a team, manage key oversight programs, and chair the Third-Party Advisory Group (TPAG). This role requires a strategic mindset, expertise in regulatory compliance, risk governance, and operational resilience, along with strong influencing and relationship-building skills. As a trusted advisor to senior leadership, this individual will provide risk insights and drive cross-functional collaboration to strengthen third-party risk management. Additionally, they will serve on the Enterprise Resilience Leadership Team, overseeing the company’s comprehensive third-party inventory, including both traditional and non-traditional third parties. This role requires strong presentation skills and the ability to engage senior executive stakeholders across the company.
What You'll Do
Strategic Leadership: Develop, implement, and oversee the company’s enterprise-wide Third-Party Risk Management program, ensuring alignment with corporate risk appetite and regulatory expectations.
Governance & Oversight: Lead the governance of third-party risk, including policy development, risk framework enhancements, and oversight of third-party risk assessments.
Committee Leadership: Serve as Chair of the Third-Party Advisory Group (TPAG), facilitating discussions, risk decisions, and strategic guidance on critical third-party relationships.
Cross-Functional Collaboration: Work closely with Procurement, Information Security, Legal, Compliance, Business Continuity, and Operational Risk teams to enhance third-party risk practices and resilience.
Regulatory & Compliance Management: Stay ahead of evolving regulatory requirements related to third-party risk (NAIC, OCC, NYDFS, etc.) and ensure compliance through robust risk management practices.
Risk Identification & Mitigation: Oversee risk assessments, due diligence, and ongoing monitoring of vendors, ensuring risks related to cybersecurity, financial stability, compliance, and operational resilience are proactively managed.
Reporting & Metrics: Provide executive-level reporting on third-party risk posture, trends, and key risk indicators (KRIs) to senior leadership, risk committees, and the board.
People Leadership: Manage and develop a high-performing team, ensuring talent development and continuous improvement within the TPRM function.
Crisis & Incident Response: Collaborate with Crisis Management and Business Continuity teams to ensure vendor-related disruptions are effectively managed and mitigated.
Requirements
- 10+ years of experience in Third-Party Risk Management, Operational Risk, or Vendor Management within a large financial institution, insurance company, or regulated entity.
- Strong knowledge of third-party risk frameworks, regulatory expectations (NAIC, OCC, NYDFS, FFIEC), and industry best practices (e.g., NIST, SIG, ISO 27001, SOC reports).
- Proven ability to strategically influence and develop strong relationships with senior executives, regulators, and cross-functional stakeholders.
- Experience managing Second Line and 1.5 Line oversight functions with direct interaction with senior executives and regulatory bodies.
- Proven experience leading risk committees and / or governance forums.
- Exceptional leadership, stakeholder management, and influencing skills.
- Bachelor’s degree required; and relevant certifications (e.g., CTPRP, CISSP or similar).
About the Company
For over 180 years, we’ve helped turn your biggest dreams into milestones that last a lifetime. As a mutual company we hold ourselves to the highest standards of transparency, objectivity, and integrity. We’re committed to improving local communities through a culture of giving and volunteerism, supported by our own New York Life Foundation.
Join a company that values development, career growth, collaboration, innovation, and diversity & inclusion. Through various resources and programs, you can grow your career while developing personally and professionally.
Your life. New York Life. More powerful, togetherᵀᴹ.
Insurance • Investments • Retirement • Advisory Services
New York Life is an Equal Opportunity Employer - M/F/Veteran/Disability/Sexual
Orientation/Gender Identity