Director, Third Party Risk Management

At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

Our Modern, Flexible Workplace:

 

We believe in a Modern, Flexible Workplace, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you!

It is anticipated that an incumbent in this role will work onsite for three (3) or more days a week and will have a dedicated workspace when working onsite. Work location is subject to change based on business needs.

Summary of the Job:

 

The Director, Third Party Risk Management role develops and implements program strategy, interprets and applies program requirements, and leads a team responsible for ensuring the Partnership and Credit Divisions operate within legal and regulatory requirements and established risk tolerances for the FNNI Third-Party Risk Management (TPRM) and Enhanced Vendor Management (EVM) programs. As Third Party Risk & EVM Manager, you will be accountable for program interpretation, successful program implementation, program related decision making, and program management of the TPRM and EVM programs for the Partnership and Credit Divisions by leading the third party first line of defense team to ensure initiatives and departmental processes comply with applicable regulations and sufficiently manage risk. This role will enable business risk decisions and improve speed of implementation through a more integrated and agile risk management model. Additionally, this role will work alongside business leaders and their teams in Partnership and Credit to assist in risk-based decisions. Finally, this role will interact with first and second line risk teams on new initiatives, ongoing oversight, and risk management efforts.

About This Role:

 

• Build, manage, and direct TPRM and EVM programs for Partnership Division and Credit Division, and manage a team of risk individuals who will complete various functions to manage division risks and applicable regulations. 

• Advise business units on Program interpretation and related matters and make Program decisions, ensuring appropriate procedures and controls are developed and implemented that allow business units to operate within established risk appetite and tolerances.

• Responsible for reporting initiatives to Executive Management in Partnership, Credit and Second Line Risk teams.  Develop and maintain monitoring and appropriate reporting on the Programs for applicable executive leadership, Boards and Committees, including exception and escalation issues aligning with key risk and performance metrics.

• Develop a vision, strategy, and plan of action for team, have a solid understanding of the business, influence others to act and make informed decisions.  Promote a strong Compliance culture and influence others to create commitment and action.  Ensure the right person is in the right role, communicate clear expectation with measurable outcomes, coach and develop team, and hold individuals accountable.

• Work collaboratively with SMEs, business unit partners, and oversight committee members and lead discussions of emerging areas of Regulator or CRO focus pertaining to the Program.

• Maintain an understanding of all relevant laws and regulations, current regulatory guidance, and  enterprise policies and procedures relating to business strategies, products, services, processes, and third parties.

• Establish, implement, and manage risk standards and programs within the day-to-day business control environment. Manage processes to accurately measure, test, and evaluate controls and business practices to determine whether practices are consistent with laws and regulations.

• Build, manage, and direct TPRM and EVM programs for Partnership Division and Credit Division, and manage a team of risk individuals who will complete various functions to manage division risks and applicable regulations. 

• Advise business units on Program interpretation and related matters and make Program decisions, ensuring appropriate procedures and controls are developed and implemented that allow business units to operate within established risk appetite and tolerances.

• Responsible for reporting initiatives to Executive Management in Partnership, C