AVP for Vendor Risk Management

New York, New York Permanent USD80,000 - USD130,000 per year Hybrid working
  • Client will move quickly qualified candidates
  • Opportunity to join one of the top 10 largest banks in the world

About Our Client

One of the largest and most established foreign banking institutions in NYC.

Job Description

  • Implement a standardized risk rating methodology for controls in alignment with the Operational Risk Framework.
  • Conduct regular risk assessments of third-party risks as part of the Third-Party Risk Management (TPRM) lifecycle.
  • Oversee the TPRM lifecycle and Second Line Review implementation, ensuring compliance with risk management protocols.
  • Offer guidance on third-party risk management to First Line Units (FLUs) to enhance risk mitigation efforts.
  • Ensure comprehensive documentation of the bank-wide third-party population, maintaining accuracy and completeness.
  • Prepare consolidated reports on third-party risk for effective risk monitoring and management.
  • Stay updated on industry tools, trends, and regulatory requirements relevant to third-party risk management.
  • Collaborate with other subject matter experts (SMEs) within the third-party risk management framework to optimize risk management activities.
  • Ensure timely implementation of the third-party risk management system and installation of all updates.
  • Provide prompt training on system upgrades or updates to ensure user proficiency and compliance.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • A Bachelor's degree is mandatory, with preference given to candidates holding an advanced degree.
  • A minimum of 5 years of experience in the financial services industry is necessary for this role.
  • Candidates should possess at least 5 years of experience in risk management, with a minimum of 2 years specifically in third-party risk management.
  • Proficiency in operational risk management and assessment, regulatory compliance, general IT risk/IT operations, and familiarity with business lines and workflows in the financial/banking sector is required.
  • While not mandatory, certification as a Certified Third Party Risk Professional or Certified Regulatory Vendor Program Manager is preferred.

What's on Offer

My client is offering a competitive compensation package, salary + bonus. My client is offering a hybrid work schedule as well. Must be authorized to work in the United States.

Thomas Falus
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Job summary

Banking & Financial Services
Sub Sector
Risk Management
Financial Services
New York
Contract Type
Consultant name
Thomas Falus
Job Reference
Job Nature
Hybrid working