1 Job
Finastra is Hiring a Third Party Risk Manager Near Lake Mary, FL
Formed in 2017 by the combination of Misys and D H, we provide the broadest portfolio of financial services software in the world today-spanning retail banking, transaction banking, lending, capital markets and treasury.
Our solutions enable customers to deploy mission critical technology on premises or in the cloud. With our scale and geographical reach we drive valued solutions and opportunity for customers regardless of size or geography. Through our open, secure, and reliable solutions, we empower customers to accelerate growth, optimize cost, mitigate risk and continually evolve to meet their changing needs.
A Truly global organization with offices in 42 countries worldwide, with an employee base of approximately 10,000 employees. We work with 9,000 customers, including 48 of the top 50 banks globally. Through our software, we're constantly stretching boundaries to do more for our customers. We are proud to be an organisation where our vision, values and cultural beliefs are not just shared, but are lived by our people globally and where recognition is part of each and every day
Job Description
...What will you contribute?
Working as part of the Global Risk Management team, and reporting to the Director, Third Party Risk, this role is the vital to the performance of the Third Party Risk program.
The Third Party Risk Manager will assist in the development, implementation, execution, and maintenance of the Vendor Risk Management a strategies and process. The vendor and partner activities include oversight of risk assessments, due diligence, ongoing monitoring, periodic recertification, and termination activities.
Responsibilities & Deliverables:
Your responsibilities and deliverables as a Third Party Risk Manager will include, but are not limited to, the following:
- Assist in maturing the TPRM strategy, development, and execution roadmaps for Third Party Risk Management
- Manage the execution of the Third Party Risk Management program throughout the life cycle
- Support and when necessary, act on behalf of the Director, Third Party Risk Management
- Collaborate with partners and business various stakeholders to perform due diligence, risk assessment and ongoing monitoring of Finastra's third parties and partners, ensuring
- Document the Fusion Risk Management use cases and capabilities and ensure implementation according to approved project goals
- Validate incoming vendor and partner engagements, working with business partners to ensure data is complete and accurate with inherent risks are identified
- Oversee the vendor risk assessment process for new vendor onboarding and periodic risk assessment, distribution of due diligence questionnaires to the vendors and partners, review submitted questionnaires for completeness, ensure Risk stakeholders finalize reviews and determine overall residual risk rating.
- Enhance fourth party oversight ensuring that assessments are performed, and issues are identified, captured and reported across all suppliers
- Oversee the escalation and remediation of all TPRM vendor related issues identified through ongoing monitoring, the risk assessment process or incident management
- Respond to inquiries/examination requests by supporting elements of the regulatory and audit examination cycle for inquiries or exams
- Contribute to the development of detailed procedural documents and ensure alignment of TPRM with regulatory requirements including FFIEC, OCC and other applicable regulations
- Monitor industry trends, competitive insights, and maintain compliance with regulatory expectations and requirements
- Identify, prioritize and pursue opportunities to enhance Finastra's third party risk management processes and introduce innovative approaches and solutions to optimize efficiency and effectiveness
- Develop and run consistent and accurate reports related to the supplier list and analyze data to prepare supplier reporting for senior management
- Develop and populate metrics, reports and spreadsheets as necessary to highlight issues, risks and program status.
Required Experience:
- Have six to eight years of work experience related to Third Party Management, Vendor Risk Management, Risk Management, and/or Procurement, particularly in financial services.
- Leadership/Management experience.
- Bachelor's degree in the fields of Information Systems, Business Administration, or related major.
- One or more relevant professional certification, such as Certified Information Security Manager (CISM), Certified Information Systems Auditor (CISA), Certified Information Systems Security Professional (CISSP), Certified in Risk and Information Systems Control (CRISC), Certified Regulatory Vendor Program Manager (CRVPM) or Certified Third-Party Risk Professional (CTPRP).
- Familiarity with risks related to IT application development and infrastructure maintenance, IT security, business continuity and disaster recovery, and emerging technology platforms - mobile device platforms, and cloud services.
- Proficient in the understanding of vendor risk management practices, including the lifecycle of risk identification, treatment, mitigation, acceptance, remediation as well as inherent and residual risks.
- Knowledge and experience with laws, regulations, guidelines, and frameworks within the financial services industry that mandate information security and information risk management requirements such as FFIEC, NIST, ISO27001, GLBA, OCC Heightened Standards, etc.).
- Ability to perform research to provide material and evidence with internal and external inquiries. Assist with crafting high-quality presentations and reports, conveying sometimes complex topics to several levels of management.
- Excellent written and oral communication skills with experience writing policy and Procedural documentation.
- Advanced skills in Microsoft Teams, Excel, PowerPoint, Forms and SharePoint, Cognos reporting and PowerBi
- Experience with Fusion Risk Management or similar GRC tool
Job Summary
Full Time
$102k-128k (estimate)
05/03/2024
05/16/2024
finastra.com
ATLANTA, GA
1,000 - 3,000
2017
$500M - $1B
Business Services
Related Companies
About Finastra
At Finastra our purpose is to unlock the power of finance for everyone. We build and deliver innovative, next-generation technology on our open Fusion software architecture and cloud ecosystem. Were one of the worlds largest FinTechs working with over 9,000 customers, including 90 of the top 100 banks globally. Our scale and reach allow us to build long-lasting relationships that put our customers and their customers first. Were creating a pioneering open platform thats disrupting the financial industry, changing how financial software is developed and used. We believe in collaboration for inn ...
ovation, to unlock the potential of people, businesses and communities. We have an unmatched portfolio of financial software and deliver mission critical solutions for financial institutions of all sizes, on premises or in the cloud. Our open architecture and platform approach embrace a wide ecosystem of partners and co innovators. Together we're leading the way in which applications are written, deployed and consumed in the world of financial services
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The following is the career advancement route for Third Party Risk Manager positions, which can be used as a reference in future career path planning. As a Third Party Risk Manager, it can be promoted into senior positions as an E-commerce Risk Director that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Third Party Risk Manager. You can explore the career advancement for a Third Party Risk Manager below and select your interested title to get hiring information.
