Vendor Due Diligence and Issue Management Specialist

Job Description:

• This role reports to the Due Diligence and Issue Management Lead and performs as the Due Diligence Specialist within the TPMO which is the 1st line of defense for third party risk.
• Primarily you will work closely with the assigned business units and outsourced due diligence team and will be mainly responsible for the execution of the program as per the Third-Party Standard.
• The role holder will be an expert in Third Party Risk Management and would be well versed in execution aspect of the program related to the entire lifecycle of third-party engagements.
• This is a central role interacting with business units, 2nd line of defense, other team leads and offshore quality control team.
• Responsible for tracking and assisting with program throughput including various life cycle elements (Planning, IRQs, DDQs, Ongoing Monitoring, Contracting and Termination), periodic inventory review, open issues and open risk acceptance review and tracking of all internal projects
• Accountable for assisting and guiding business partners through various stages of third-party lifecycle to ensure quality program execution
• Responsible for consistent status meetings with Business Unit Leads and partners, handling escalations, coordinating special requests, and resolution of identified issues
• Identification and escalation of program concerns, missed SLAs, and risk treatment delays
• Hours: 8am to 5pm CST

Qualifications:

• Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
• A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management
• Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)
• TPRM related certification such as CTPRP or CTPRA
• Leadership and organizational skills.
• Ability to influence activities across multiple teams and across business units
• Outstanding writing, communication, and presentation skills
• Sound analytical and problem-solving skills
• Strong networking ability to develop internal and external networks based on integrity and credibility through active listening and understanding

Benefits:

Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.

Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.

Vision Insurance : Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.401(k) Plan: The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first enrollment date that is at least 30 days after employment begins. Enrollment dates are each January 1st, April 1st, July 1st, and October 1st.

Technical Certification Bonus: Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.

Synectics is an equal opportunity employer.