The Director of Vendor Risk Management (VRM) is responsible for the development and maintenance of function(s) within the Enterprise Third-Party Provider Risk Management Program. The candidate will have the responsibility of the development and deployment of the policies, procedures and tools required to effectively manage and oversee vendor risk within the first line of defense (i.e. the line of business or corporate function who engages and manages the vendor relationship) and the second line of defense (i.e. vendor risk management who will ensure that the cycle is being appropriately deployed, monitored and reported on).
Responsibilities:
Quickly identify and remediate project risks
Participate in the overall governance of the Vendor Risk Management program, leading governance forums and acting as deputy for Vendor Risk Management Committee as needed
Year-end and interim reviews, including execution of development plans
Sponsor developmental opportunities, including on-the-job training and continuing education for professional staff to continually strengthen their skill set
Program/Project Management-Establish and manage plans to roll out and deliver Vendor Risk Management functions
Participate in enterprise PMO forums representing progress and issues pertaining to overall VRM plans as well as work streams within direct Staff Management - Build and maintain high-performance teams within the risk organization with the capabilities for risk identification, assessment, measurement, mitigation, aggregation and reporting
Ensure timely and candid performance feedback during Regulatory Compliance/Audit Support
Support and participate in regular interactions with Internal Audit and Bank regulators such as the OCC, FRB, and CFPB
Prepare materials for audit/regulatory updates which accurately reflect the status of VRM funct Functional Leadership
Lead and provide subject matter expertise over one or many of the above mentioned functions
Drive strategic direction of function in accordance with regulatory guidelines and stay abreast of industry best practices
Qualifications
Qualifications:
Minimum 5-7 years of direct staff management experience, Experience in managing enterprise vendor risk management program elements; or a strong experience in directly performing vendor risk management functions
Education: Bachelors or Equivalent Experience: At Least 10 Years License/Certification: CISM, CISA, CISSP, CRIS, CISA or other Risk Certification preferred
Ability to work collaboratively with a broad range of constituencies, including senior managers
Excellent project management, written and oral communications skills
Experience interfacing with regulatory agencies, taking a leadership role in examination processes
Spanish language skills preferred but not required
Understanding of federal banking guidelines and regulations - specifically focused on vendor risk management or other guidelines that reference the management of third parties Management Scope Manage Team Members
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