Manager, RJF Third Party Risk Management

Job Description Summary

Monitor and analyze the organization's operational risk exposure, and contribute to the development of operational risk policies. Analyze existing processes, procedures and systems and advise on improvements.

Job Description

Job Summary

Under general direction, uses extensive knowledge and skills obtained through education and experience to translate business strategy into comprehensive risk assessment programs and manage the work of other staff in conducting reviews and developing risk profiles in a variety of functional areas. Leads large or multiple projects with significant scope and impact. Manages others in performing difficult assignments that are broad in nature requiring originality and ingenuity with some latitude for unreviewed actions or decisions. Provides comprehensive solutions to escalated complex problems. Results are evaluated at agreed upon milestones for effectiveness in achieving specified results. The Third Party Risk Management (TPRM) Manager is responsible for oversight and challenge of the first line of risk management (Business Units/Procurement) to ensure third-party risks are identified, assessed, and managed within Raymond James’ risk appetite. Will lead and influence others in identifying, researching, analyzing and resolving complex issues and have moderate contact with executive management

Essential Duties and Responsibilities

• Assists in the development and execution of risk and control consulting activities for assigned area of responsibility in accordance with internal standards, relevant government statutes and regulations.
• Oversees or leads engagements from planning through reporting and produces quality deliverables in accordance with both department and professional standards.
• Directly manages junior staff and performs human resource management activities, including identifying performance problems and developing plans for remedial action; evaluating performance; and interviewing and selecting staff.
• Attracts, develops, and retains talent within the Risk Management organization and the Firm.
• Establishes strong relationships with senior leaders and related control groups.
• Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or executive management partners.
• Analyzes complex problems, researches and organizes solutions and effectively presents recommendations to Sr. Management.
• Works with business process owners and internal/external auditors to evaluate control deficiencies, and develop risk-based solutions to address concerns.
• Interprets, applies and recommends changes to organizational policies and procedures. Maintains currency in relevant risk management processes and procedures.
• Holds entire team accountable for meeting deliverables, adhering to internal criteria and utilizing consistent methodology.
• Uses judgment to provide an overall opinion on the business unit’s control environment and communicates findings to management. Identifies opportunities for improvement in the design and effectiveness of key controls and mitigation strategies.
• Executes an effective program of continuous monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
• Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions and recognized as a leadership role model.
• Participates in major business initiatives and pro-actively advises and assists the business on change initiatives.
• Stays up to date with evolving industry and regulatory changes impacting the business.
• Establish and maintain the firm’s TPRM policy, methodology, and operating model.  
• Provide expert, independent, and outcome based oversight of first line risk assessments and mitigation plans. 
• Develops detailed documentation outlining analysis results, conclusions, and recommendations.
• Analyze data to identify trends, reporting third party risk profile to senior management.
• Ensure all vendor relationships comply with legal, regulatory, and internal policies.
• Collaborate with procurement, information security, and business units to ensure a consistent, integrated risk experience.   
• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of

• In-depth understanding of risk management practices and methodologies, including risk assessment and a solid understanding of internal control and mitigation strategy concepts.
• 3 – 7+ years in risk management specifically focusing on third party risk, vendo