Third-Party Risk Management, 4th Party Program Lead
Federal Reserve SystemAbout the role
Company
Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What we do:
The Bank’s Third-Party Risk Management (TPRM) Department provides a central point of facilitation and support of the third-party management lifecycle which includes planning, due diligence, contract management, ongoing monitoring, and termination of third-party relationships
Your role as Third Party Risk Management, 4th Party Program Lead:
Responsible for developing, implementing and administering the Third-Party Risk Management 4th Party Program. Specializes in 4th party risk assessment, identification, mitigation, monitoring and reporting. Activities include developing a standardized assessment methodology for 4th parties associated with the Bank’s critical and high risk third parties, conducting periodic assessments, and ongoing monitoring of cyber, financial, reputational, and additional risk which may pose organizational vulnerabilities.
Core Responsibilities:
Supports the successful execution of the 4th Party Program through managing the process of identifying, assessing, and mitigating the risks posed by the material third parties utilized by critical and high risk third parties
Drives Third-Party Risk Lifecycle activities to completion, including performing third-party TPRM Policy and Controls assessment, facilitating ongoing SME engagement, ongoing performance monitoring, and the closure of identified findings of the 4th party.
Supports development of communication and training procedures, reference guides, and other TPRM Framework documentation to support TPRM 4th Party Program evolution.
Supports, and tracks reporting requirements - Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs).
Support Third-Party Risk related Bank Resiliency efforts, which include projects focusing on the development and ongoing maintenance/enhancement of 4th Party and other related projects as assigned.
Remains apprised of industry best practices and identify opportunities and solutions for continuous TPRM program enhancement.
What we are looking for:
Experienced third-party risk management professional with strong collaborative skills
Background in information security risk and third-party risk assessments, preferred
Experience managing complex projects and processes
Proven ability to influence others regarding policies, practices, and procedures
Ability to focus on the plans to achieve goals and objectives, and carry out defined steps or processes.
Salary Range: $155400 - $185000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
And
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