Third Party Risk AVP
Apply NowCompany: Itau
Location: Miami, FL 33186
Description:
Third Party Risk AVP
The Third Party Risk AVP (TPRA) is responsible for developing, implementing and overseeing the Third Party Risk Management Program ("Program") and defines the policy, standards/guidance associated with the Program. The TPRA works with the Subject Matter Professionals ("SMPs") and senior management to ensure the Program is comprehensive and effectively integrated with the end result being effective oversight by the organization of the third parties it uses to deliver its services.
Duties & Responsibilities
Develop and maintain policy and procedures that incorporate the requirements and standards set forth by applicable U.S. regulators
Manage and oversee the entire third-party engagement lifecycle process, including sourcing, vendor onboarding, supplier performance management, and termination
Maintain strong, collaborative partnerships with key stakeholders across the business functions and corporate areas involved in vendor governance related efforts
Provide guidance and education on vendor governance and risk mitigation approaches throughout the vendor lifecycle to business owners and other key stakeholders
Efficiently and accurately establish metrics on the third-party portfolio and deliver them in a robust, consistent, and repeatable process to senior management and Board of Directors, as appropriate
Manage the budget and resource allocation across the organization connected to Third Party Risk Management
Administrating the centralized third-party risk management platform
Oversee and assist in the implementation of the technology platform build - as applicable
Liaise with broader technology team to ensure that all feeds, data and updates between and amongst systems are fully optimized
Maintain the underlying technology tool and questionnaire logic against business needs and regulatory framework on and on-going basis
Coordinating with SMPs, business divisions, and other key stakeholders to enhance the Program as appropriate
Advise on the appropriate level of staffing and expertise required to support the Program
Develop and conduct appropriate third-party risk management training for all program stakeholders
Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau's related policies and procedures.
Qualifications
BA degree in Business or related field preferred
Roles are this level typically require and advanced degree, with 5+ years of working experience with 2+ years of experience focused on risk management
Fluency in English required; fluency in Portuguese and/or Spanish desirable
Prior work experience in the financial services industry preferred
Prior experience with managing and maintaining a Third-Party Program and experience with utilizing a vendor tool is desired
Prior experience working and managing across business unit functions is desired
Demonstrated ability to interact effectively across all levels within an organization
Prior management experience at an international parent company preferred
Prior work experience supporting a large institution preferred
Excellent communication, written, analytic and project management skills
Excellent presentation skills and the ability to translate it amongst various business areas
Advanced skills in Microsoft Office applications, specifically, Excel, Access, PowerPoint, and Word
The Third Party Risk AVP (TPRA) is responsible for developing, implementing and overseeing the Third Party Risk Management Program ("Program") and defines the policy, standards/guidance associated with the Program. The TPRA works with the Subject Matter Professionals ("SMPs") and senior management to ensure the Program is comprehensive and effectively integrated with the end result being effective oversight by the organization of the third parties it uses to deliver its services.
Duties & Responsibilities
Develop and maintain policy and procedures that incorporate the requirements and standards set forth by applicable U.S. regulators
Manage and oversee the entire third-party engagement lifecycle process, including sourcing, vendor onboarding, supplier performance management, and termination
Maintain strong, collaborative partnerships with key stakeholders across the business functions and corporate areas involved in vendor governance related efforts
Provide guidance and education on vendor governance and risk mitigation approaches throughout the vendor lifecycle to business owners and other key stakeholders
Efficiently and accurately establish metrics on the third-party portfolio and deliver them in a robust, consistent, and repeatable process to senior management and Board of Directors, as appropriate
Manage the budget and resource allocation across the organization connected to Third Party Risk Management
Administrating the centralized third-party risk management platform
Oversee and assist in the implementation of the technology platform build - as applicable
Liaise with broader technology team to ensure that all feeds, data and updates between and amongst systems are fully optimized
Maintain the underlying technology tool and questionnaire logic against business needs and regulatory framework on and on-going basis
Coordinating with SMPs, business divisions, and other key stakeholders to enhance the Program as appropriate
Advise on the appropriate level of staffing and expertise required to support the Program
Develop and conduct appropriate third-party risk management training for all program stakeholders
Compliance with Anti-Money Laundering and Bank Secrecy Act related principles, laws, rules and regulations, as well as Itau's related policies and procedures.
Qualifications
BA degree in Business or related field preferred
Roles are this level typically require and advanced degree, with 5+ years of working experience with 2+ years of experience focused on risk management
Fluency in English required; fluency in Portuguese and/or Spanish desirable
Prior work experience in the financial services industry preferred
Prior experience with managing and maintaining a Third-Party Program and experience with utilizing a vendor tool is desired
Prior experience working and managing across business unit functions is desired
Demonstrated ability to interact effectively across all levels within an organization
Prior management experience at an international parent company preferred
Prior work experience supporting a large institution preferred
Excellent communication, written, analytic and project management skills
Excellent presentation skills and the ability to translate it amongst various business areas
Advanced skills in Microsoft Office applications, specifically, Excel, Access, PowerPoint, and Word