Corporate Vice President - Head of Third Party Risk Management

Location Designation: Hybrid - 3 days per week 

This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.

Corporate Vice President, Head of Third Party Risk Management

Overview:
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.

Key Responsibilities

• 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, 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, including key risk and performance indicators (KRI / KPIs)
• 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.

Qualifications

• 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 relationship