Director Third Party Risk Management

The Director, Third Party Risk Management will ensure transparent, effective, and controlled risk management and governance related to the introduction and ongoing monitoring of third parties throughout the Enterprise. Work closely with Third Parties, Business Owners, Executive Sponsors, as well as independent risk and other control functions in carrying out job responsibilities. Develop and maintain a risk-based framework and oversight that includes methodology , roles, responsibilities, documentation, governance and reporting to provide transparent, effective, and controlled risk related to the introduction of third parties throughout the Enterprise.  This role will a ssist with the development of enhancements to new or existing third-party policies and procedures.


Responsibilities and Duties :


Must be an effective change agent and collaborator, possess the skills and willingness to perform duties that are a combination of tactical, transactional, and strategic in nature.
Support ongoing operational enablement and efficient execution of third-party engagements and the associated risk management program activities.
Lead tollgate and risk assessment cross-functional reviews to proactively identify inherent and residual risks related to new and existing contractual relationships.
Identify and solve root cause TPRM lifecycle issues; provide training and coaching to stakeholders.
In tandem with relevant stakeholders, develop risk mitigation strategies and action plans as appropriate across commercial relationships.
Oversee and or develop ongoing monitoring plans in alignment with TPRM policy for newly on boarded third parties.
Execute issue management end-to-end activities (issue identification, prioritization, assignment, remediation, closure) for matters pertaining to third parties, as well as the TPRM Program.
Monitor and evaluate the adequacy and effectiveness of the various inter-dependent risk and related program policies, procedures, processes, systems, and internal controls that will help effectively manage third-party risk.
Review, design and implement appropriate KRI’s and metrics that accurately measure and represent third-party related risk.
Continuously refine and adapt the TPRM Program in response to emerging trends, and evolving industry best practices and regulatory requirements.
Review and comply with the Code of Business Conduct and all applicable company policies and procedures, local, state, and federal laws, and regulations.
Assists with various projects as assigned by direct supervisor.
Performs other duties as assigned.