Senior Manager: Third Party Risk Management

Company Description

Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, capital markets and treasury.

Our solutions enable customers to deploy mission critical technology on premises or in the cloud. With our scale and geographical reach we drive valued solutions and opportunity for customers regardless of size or geography. Through our open, secure, and reliable solutions, we empower customers to accelerate growth, optimize cost, mitigate risk and continually evolve to meet their changing needs.

A Truly global organization with offices in 42 countries worldwide, with an employee base of approximately 10,000 employees.  We work with 9,000 customers, including 48 of the top 50 banks globally. Through our software, we’re constantly stretching boundaries to do more for our customers. We are proud to be an organization where our vision, values and cultural beliefs are not just shared, but are lived by our people globally and where recognition is part of each and every day.

Job Description

As a member of Finastra’s Third Party Risk Management team (TPRM), the Sr. Manager will evaluate, plan, and implement improvements in processes, practices, and organizational effectiveness related to all phases of Third-Party Risk Management lifecycle.

In addition, the Senior Manager will assist in the development, implementation, execution, and maintenance of the Third Risk Management. The vendor and partner activities include oversight of risk assessments, due diligence, ongoing monitoring, periodic recertification, and termination activities. 

ESSENTIAL DUTIES AND RESPONSIBILITIES

As a Sr. Manager, your deliverables will include but are not limited to, the following:

• Identify, plan, and implement key projects to improve quality, reduce costs and increase productivity resulting in business improvement.
• Provide management with project status updates, feedback, and reporting.
• Prepare monthly project scorecard reports, including visual project scorecard.
• Actively lead projects and provide individual contributions after key projects have been identified.
• Consults with leaders and teams across TPRM to identify, diagnose, and problem solve.

• Continuous examination of current practices to standardize and improve processes to maintain efficiency and quality.
• Assist in the development of TPRM quality assurance program.
• Propose, Drive and Monitor New Practices and Report to Management Team.
• Create Standard Operating Procedures.
• Actively engages and supports the planned review and improvement of process and operational activities to foster a culture of continuous improvement.
• Supports continuous improvement in the operation by identifying areas of opportunity and leading events to identify root causes to issues and develop appropriate solutions.
• Strong analytical skills, proficiency in data analysis tools, and the ability to communicate findings effectively are key for this role.
• Collaborate with teams to identify trends, patterns, and opportunities for improvement.
• Assist in launching a new tool that will impact TPRM processes.
• Prepare status reports by gathering, analyzing, and summarizing relevant information.
• Establish effective project communication plans and ensuring their execution.
• Coordinate the development of user manuals, training materials, and other documents as needed to enable successful implementation and turnover of the process or system to the clients.
• Understand and help build the strategy and assist in the development and execution roadmaps and plans for Vendor Risk Management
•  Escalate issues and oversee the remediation of issues.
• Monitor industry trends, competitive insights, and maintain compliance with regulatory expectations and requirements.

Qualifications

• Have at least 6 years of work experience related to Third Party Management, Vendor Risk Management, Audit, Compliance, Risk Management, and/or Procurement, particularly in financial services and the payments and loans business.
• Knowledge and experience with laws, regulations, guidelines, and frameworks within the financial services industry that mandate Third-Party Risk Management requirements
• Strong understanding of vendor risk management practices, including the lifecycle of risk identification, treatment, mitigation, acceptance, remediation as well as inherent and residual risks.
• Prior financial industry or a fintech experience is preferred.
• Prior project management experience.
• Advance PowerPoint/presentation skills
• Be a self-starter and an out