Third-Party Risk Specialist

Morristown, New Jersey Permanent USD91,000 - USD140,000 per year Hybrid working
  • Client will move quickly qualified candidates
  • Hybrid work model

About Our Client

Large banking institution located in New Jersey.

Job Description

* Review third-party vendor risk assessments to evaluate the effectiveness of risk mitigation controls, collaborating with Contract Owners/Relationship Managers to rectify deficiencies.

* Analyze data to identify financial, anti-corruption, reputational, and OFAC risks, facilitating communication and support with affected parties.

* Provide guidance to Contract Owners/Relationship Managers to ensure compliance with Vendor Management Office (VMO) policy in completing risk assessments.

* Offer recommendations and best practices to enhance vendor management processes and activities.

* Enhance reporting frameworks to monitor and measure vendor performance against contractual obligations and industry standards.

* Conduct due diligence reviews on third-party vendors to ensure adherence to standards and VMO policies. * Collaborate with Subject Matter Experts to address findings and systemic issues with third-party vendors, advocating for process improvements.

* Identify, track, and report third-party vendors requiring onsite assessments, assisting in scheduling and participation in assessments.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 in Business, Finance, Economics, Statistics, or a related field, along with at least 5 years of experience in vendor risk management, operational/enterprise risk management, or a related area of risk management.

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
Quote job ref

Job summary

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