Manager, Enterprise Third Party Risk Management

Company: Navy Federal Credit Union
Location: Pensacola
Posted on: September 2, 2024

Job Description:

OverviewThe Manager, Enterprise Third Party Risk Management (TPRM) will work within Navy Federal's Enterprise Operational Risk Management (EORM) Division to perform second line of defense risk management activities. Responsible for assisting with the development and enhancement of the TPRM program methodology, framework, metrics and reporting and other risk-taking activities. To evaluate whether first line risk taking activities are within Navy Federal's risk appetite and tolerance, in line with regulatory expectations and industry best practice. To serve as a Third-Party Risk Management subject matter expert reporting to a Director within Enterprise Third Party Risk Management and support leadership decisions related to program development and strategy, and guidance.ResponsibilitiesEstablish and support the program development and ongoing maturation of the TPRM Program through the development and management of the methodology and frameworkCollaborate with Procurement Vendor Management (PVM) in the development, delivery, and continuing improvement of the enterprise program, policies, templates and change management initiatives as related to TPRMAssess regulatory requirements for overall applicability and adherenceProvide recommendations to leadership for system design and/or enhancements to create business process efficienciesDevelop and deliver TPRM documentation, program metrics and associated reporting requirements to governance groups and program stakeholdersDevelop and maintain relationships with stakeholders, assessment partners and business unit leaders/Point Of Contacts (POCs)Oversee and direct third party risk review activities; develop, monitor, and analyze risk metrics to provide feedback and guidance and create efficienciesAnalyze risk data and reporting, identifying emerging risks and develop actionable recommendations to increase performance and mitigate risk; collaborate with staff and business partners to communicate and implement performance and risk strategiesProvide guidance and support to both first Line of Defence (1LOD) and second Line of Defense (2LOD) risk analysts as a subject matter expert by assisting with developing organizational risk capabilities and increasing value and efficiency through effective risk managementPerform team lead/supervisory responsibilities:Collaborate with leadership to develop/executive department strategyMentor and advise second line of defense risk analystsContribute to Annual Financial Plan (AFP) ProcessEnsure efficiency of operationsPerform other duties as assignedQualificationsAdvanced knowledge and understanding of Third-Party Risk Management in a large financial institutional settingWorking knowledge of third-party risk management regulatory guidance (OCC, CFPB, FFIEC etc.), NFCU policies and industry best practice, especially areas of due diligence.Working knowledge of third-party risk management operational and regulatory risks and controls related to onboarding and due diligence, including knowledge of risk management techniques from prevention, identification, assessment, and mitigation perspectivesExperience with vendor management platforms, assessment tools, and technical securityExperience in leading collaboration across organizational boundaries and building partnerships across various functionsExperience in working with all levels of staff, management, stakeholders, third partiesExperience in identifying and communicating business requirementsAbility to work independently and in a team environmentAdvanced organizational, planning, and time management skillsAdvanced skill using innovative thinking and data analysis to develop solutions and facilitate the decision-making processAdvanced verbal, interpersonal, and written communication skillsAdvanced skill in the use of Microsoft Office Products (e.g., Word, Excel, etc.)Advanced presentation software skillsBachelor's Degree or above in Risk Management, Business, or related field, or the equivalent combination of education, training, and experienceDesired QualificationsAdvanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectivesExperience in consumer compliance at a financial institutionHours: Monday - Friday, 8:00AM - 4:30PMLocation: 820 Follin Lane Vienna, Virginia Heritage Oaks Dr. Pensacola, FL 32526 RemoteAbout UsNavy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.--- Best Companies for Latinos to Work for 2024--- Computerworld Best Places to Work in IT--- Forbes 2024 America's Best Large Employers--- Forbes 2023 The Best Employers for New Grads--- Fortune Best Workplaces for Millennials 2023--- Fortune Best Workplaces for Women 2023--- Fortune 100 Best Companies to Work For 2024--- Military Times 2023 Best for Vets Employers--- Newsweek Most Loved Workplaces--- Ripplematch Campus Forward Award - Excellence in Early Career Hiring--- Yello and WayUp Top 100 Internship ProgramsFrom Fortune. 2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/DisabilityHybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Keywords: Navy Federal Credit Union, Pensacola , Manager, Enterprise Third Party Risk Management, Executive , Pensacola, Florida