Third-Party Risk Management Business Advisor

Company

Federal Reserve Bank of Richmond

When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The National Procurement Office (NPO) has an immediate opening for a Third-Party Risk Management Business Advisor. This position will work on a small third-party risk team and is responsible for supporting the development, implementation, administration, and ongoing evolution of the Federal Reserve System (FRS) third-party risk management strategy on behalf of the NPO and provides the FRS with high level expertise and technical guidance in relationship to strategy, goal and objectives related to the System Vendor Management Framework. This role will partner, consult, and collaborate with other System groups, vendor managers, and key stakeholders to support the FRS third-party risk management strategy.  

 What You Will Do:

• Accelerate maturation of the FRS third-party risk management program by leveraging industry expertise and best practices

• Drive the development, maintenance, and growth of the third-party risk management strategy for the FRS

• Assess, monitor, provide insights, and mitigate third-party risks to support health of FRS vendor ecosystem

• Support third party risk, performance, and compliance metrics and tracking tools

• Represent the NPO on assigned System initiatives

• Keep current on industry knowledge and best practices and incorporate into the System program

Qualifications:

• 8+ years of relevant work experience developing and overseeing third-party risk programs

• Bachelor's degree or higher in a related field

• Third-party risk management certification preferred

• Proven experience leading/working in third-party risk function

• Demonstrated ability to leverage data analytics tools to analyze and extract data driven insights, trends and recommendations and communicate key messages through executive summaries and reporting

• Strong stakeholder management skills, including communication, presentation, and ability to collaborate with senior executives

• Proven ability to work cross functionally with all levels of leadership and individual contributors to influence and manage change without authority

• Outstanding relationship building skills and high emotional intelligence; willingness to help others to achieve wider goals and organizational objectives

• Ability to navigate a complex organization to advise leadership and drive positive results

• Working knowledge of program management and change management

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.  The Code is available on the About Us, Careers webpage at www.richmondfed.org.

• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

The Senior Business Advisor hiring range is $109,900 - $151,140 annually.

The Advanced Business Advisor hiring range is $123,000 - $169,180 annually.

• Applications will be reviewed on a rolling basis.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to re