Mgr Third Party Risk Mgmt Program - City National Bank
Springfield, IL
About the Job
MGR THIRD PARTY RISK MGMT PROGRAM
WHAT IS THE OPPORTUNITY?
CNB's Third Party Risk Management (TPRM) program is accountable for CNB's TPRM strategy and framework, enabling CNB to identify, measure, monitor, and mitigate the risks associated with third parties. TPRM works across CNB's businesses and functions, providing 2LOD oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements. TPRM is also accountable to provide insight on CNB's overall third-party risk profile.This role is responsible for leading the Second Line of Defence TPRM team, ensuring the firm actively manages risk by aligning CNB's TPRM framework, policies, standards, practices, and delivery tools with strong risk management practices, ensuring compliance with regulatory requirements. The role will be responsible for the development, enforcement and monitoring of controls, policies and procedures, and risk and compliance reporting for CNB TPRM programs. The successful candidate is also responsible for providing oversight and challenge, reporting and monitoring to ensure appropriate corporate governance and awareness of existing and emerging third-party risks and issues.
What you will do
+ Develop, monitor, maintain, evolve, and drive delivery of CNB’s TPRM program, coordinating activities across multiple divisions and in-scope entities.
+ Define and establish program governance structures to support successful delivery and manage TRPM program risks.
+ Accountable for the TPRM delivery tools and application, ensuring that it is effectively maintained and evolves to keep pace with regulatory requirements and good risk management practices.
+ Manage, lead and actively coach the TPRM team. Ensure clear, delineated mandates are in place to drive ownership, accountability, engagement, and effective and efficient delivery of the TPRM program.
+ Foster and grow effective partnership, teamwork, and collaboration with key Stakeholders including First Line Vendor Management Office (VMO), internal risk management functions (e.g. IT/Cyber, BCM, Data, Compliance, Legal, etc.), Operational Risk Management, and business partners. This is a key success factor.
+ Lead the development of relevant TPRM framework, policies, standards, and guidance that drive effective third-party risk management practices that enable CNB’s strategic goals and objectives in tandem to aligning with established risk appetite.
+ Ensure the TPRM program is compliance with all relevant third-party laws and regulations; establish regulatory scanning processes to ensure adherence with relevant TPRM related regulations on an ongoing basis.
+ Assess alignment of TPRM standards/practices with regulatory requirements, and established and emerging industry practices.
+ Provide ongoing oversight and challenge on CNB’s TPRM practices through defined, repeatable procedures. Review procedures for completeness, compliance and adequacy on an ongoing basis.
+ Assess TPRM metrics, key risk indicators (KRIs), and risk appetite measures. Work with CNB’s Operational Risk leadership to ensure TPRM KRIs and risk appetite are adopted / implemented across the organization, driving risk ownership, accountability, and visibility.
+ Ensure strong management of TPRM issues, risk acceptances, and exceptions is in place. Provide ongoing visibility into issues, risk acceptances, and exceptions by establishing ongoing reporting and reflecting these key elements into CNB’s TPRM profile.
+ Prepare and report metrics and TPRM profile to the TPRM Committee, Operational Risk Oversight Committee, the Board Risk Committee, Executive Committee, Audit and Risk. Chair CNB’s TPRM Committee.
+ Prepare and present to executive committees and oversight committees on the third-party portfolio reporting of risk and performance for the Bank, including metrics, KRIs, risk trend analysis of actual exposures to risk tolerances, and changes in the risk profile.
+ Interface with the Bank’s main regulators, primarily the OCC as well as both internal and external auditors as required.
+ Execute enhanced oversight and monitoring of CNB’s Critical Risk relationships and Strategic Partners, including validation of TPRM control effectiveness, management reporting, and assessing the level of engagement between CNB and third parties.
+ Recruit, screen, hire, and supervise all assigned staff within the TPRM team. Provide ongoing coaching, feedback and evaluation of employee performance, and providing clear guidance and feedback. Counsel, discipline and/or terminate employees, as required. Establish and evolve departmental goals and objectives in alignment with the Enterprise, including workforce planning and compensation recommendations.
+ Establish and maintain appropriate network of professional contacts. Maintain membership in appropriate professional organizations and publications. Participate in industry meetings, seminars, and conferences.
+ Maintain awareness and knowledge of current changes within legal, regulatory, and technology environments which may affect program design/operations. Ensure senior management and staff are informed of updates in a timely manner.
+ Performs other duties as assigned or requested. The Bank reserves the right to add or change duties at any time.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years in a combination of risk consulting, risk management experience or similar roles involving risk management, compliance, governance, outsourcing and/or audit required
+ Minimum 8 years banking/financial services and/or technology industry experience
Skills and Knowledge
+ Competency in customer focus, change & innovation, strategic thinking, relationship-thinking, relationship-building, negotiation, coaching, talent management, and be results-focused
+ Deep knowledge in all aspects of Third Party Risk Management, including a strong understanding of regulatory requirements; demonstrated understanding of other areas of risk management (operational risk, IT risk, etc.)
+ Well-developed and strong professional presence with excellent communication and influencing skills to interact with peers, subordinates, internal and external stakeholders, and vendors to effect organizational change
+ Advanced project management, analytical, facilitation, and presentation skills, with a demonstrated ability to drive tasks through to completion
+ At least five years of experience working at a large complex commercial financial institution
+ Experience with governance, risk, and compliance (GRC) or vendor management tools
+ Successfully handles multiple tasks, takes initiative to improve his /her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
+ Exceptional ability to think ahead, solve problems, and to exercise solid judgement
+ Deep knowledge in regulatory TPRM guidance, specifically for OCC and other key regulatory bodies in the US
+ Strong Microsoft Excel, PowerPoint, and report writing skills, including the ability to evaluate the usefulness of data and use it in meaningful communication
+ Story-teller – can translate data and information into insights and advice
+ Ability to consistently provide superior independent judgment with demonstrated analytical and risk assessment skills
+ Ability to think with a control and process mindset. The successful candidate will have a strong control design, audit and reporting background
+ Demonstrated ability to handle multiple tasks with shifting deadlines and priorities under limited supervision
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
#LI-NK1
WHAT IS THE OPPORTUNITY?
CNB's Third Party Risk Management (TPRM) program is accountable for CNB's TPRM strategy and framework, enabling CNB to identify, measure, monitor, and mitigate the risks associated with third parties. TPRM works across CNB's businesses and functions, providing 2LOD oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements. TPRM is also accountable to provide insight on CNB's overall third-party risk profile.This role is responsible for leading the Second Line of Defence TPRM team, ensuring the firm actively manages risk by aligning CNB's TPRM framework, policies, standards, practices, and delivery tools with strong risk management practices, ensuring compliance with regulatory requirements. The role will be responsible for the development, enforcement and monitoring of controls, policies and procedures, and risk and compliance reporting for CNB TPRM programs. The successful candidate is also responsible for providing oversight and challenge, reporting and monitoring to ensure appropriate corporate governance and awareness of existing and emerging third-party risks and issues.
What you will do
+ Develop, monitor, maintain, evolve, and drive delivery of CNB’s TPRM program, coordinating activities across multiple divisions and in-scope entities.
+ Define and establish program governance structures to support successful delivery and manage TRPM program risks.
+ Accountable for the TPRM delivery tools and application, ensuring that it is effectively maintained and evolves to keep pace with regulatory requirements and good risk management practices.
+ Manage, lead and actively coach the TPRM team. Ensure clear, delineated mandates are in place to drive ownership, accountability, engagement, and effective and efficient delivery of the TPRM program.
+ Foster and grow effective partnership, teamwork, and collaboration with key Stakeholders including First Line Vendor Management Office (VMO), internal risk management functions (e.g. IT/Cyber, BCM, Data, Compliance, Legal, etc.), Operational Risk Management, and business partners. This is a key success factor.
+ Lead the development of relevant TPRM framework, policies, standards, and guidance that drive effective third-party risk management practices that enable CNB’s strategic goals and objectives in tandem to aligning with established risk appetite.
+ Ensure the TPRM program is compliance with all relevant third-party laws and regulations; establish regulatory scanning processes to ensure adherence with relevant TPRM related regulations on an ongoing basis.
+ Assess alignment of TPRM standards/practices with regulatory requirements, and established and emerging industry practices.
+ Provide ongoing oversight and challenge on CNB’s TPRM practices through defined, repeatable procedures. Review procedures for completeness, compliance and adequacy on an ongoing basis.
+ Assess TPRM metrics, key risk indicators (KRIs), and risk appetite measures. Work with CNB’s Operational Risk leadership to ensure TPRM KRIs and risk appetite are adopted / implemented across the organization, driving risk ownership, accountability, and visibility.
+ Ensure strong management of TPRM issues, risk acceptances, and exceptions is in place. Provide ongoing visibility into issues, risk acceptances, and exceptions by establishing ongoing reporting and reflecting these key elements into CNB’s TPRM profile.
+ Prepare and report metrics and TPRM profile to the TPRM Committee, Operational Risk Oversight Committee, the Board Risk Committee, Executive Committee, Audit and Risk. Chair CNB’s TPRM Committee.
+ Prepare and present to executive committees and oversight committees on the third-party portfolio reporting of risk and performance for the Bank, including metrics, KRIs, risk trend analysis of actual exposures to risk tolerances, and changes in the risk profile.
+ Interface with the Bank’s main regulators, primarily the OCC as well as both internal and external auditors as required.
+ Execute enhanced oversight and monitoring of CNB’s Critical Risk relationships and Strategic Partners, including validation of TPRM control effectiveness, management reporting, and assessing the level of engagement between CNB and third parties.
+ Recruit, screen, hire, and supervise all assigned staff within the TPRM team. Provide ongoing coaching, feedback and evaluation of employee performance, and providing clear guidance and feedback. Counsel, discipline and/or terminate employees, as required. Establish and evolve departmental goals and objectives in alignment with the Enterprise, including workforce planning and compensation recommendations.
+ Establish and maintain appropriate network of professional contacts. Maintain membership in appropriate professional organizations and publications. Participate in industry meetings, seminars, and conferences.
+ Maintain awareness and knowledge of current changes within legal, regulatory, and technology environments which may affect program design/operations. Ensure senior management and staff are informed of updates in a timely manner.
+ Performs other duties as assigned or requested. The Bank reserves the right to add or change duties at any time.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years in a combination of risk consulting, risk management experience or similar roles involving risk management, compliance, governance, outsourcing and/or audit required
+ Minimum 8 years banking/financial services and/or technology industry experience
Skills and Knowledge
+ Competency in customer focus, change & innovation, strategic thinking, relationship-thinking, relationship-building, negotiation, coaching, talent management, and be results-focused
+ Deep knowledge in all aspects of Third Party Risk Management, including a strong understanding of regulatory requirements; demonstrated understanding of other areas of risk management (operational risk, IT risk, etc.)
+ Well-developed and strong professional presence with excellent communication and influencing skills to interact with peers, subordinates, internal and external stakeholders, and vendors to effect organizational change
+ Advanced project management, analytical, facilitation, and presentation skills, with a demonstrated ability to drive tasks through to completion
+ At least five years of experience working at a large complex commercial financial institution
+ Experience with governance, risk, and compliance (GRC) or vendor management tools
+ Successfully handles multiple tasks, takes initiative to improve his /her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
+ Exceptional ability to think ahead, solve problems, and to exercise solid judgement
+ Deep knowledge in regulatory TPRM guidance, specifically for OCC and other key regulatory bodies in the US
+ Strong Microsoft Excel, PowerPoint, and report writing skills, including the ability to evaluate the usefulness of data and use it in meaningful communication
+ Story-teller – can translate data and information into insights and advice
+ Ability to consistently provide superior independent judgment with demonstrated analytical and risk assessment skills
+ Ability to think with a control and process mindset. The successful candidate will have a strong control design, audit and reporting background
+ Demonstrated ability to handle multiple tasks with shifting deadlines and priorities under limited supervision
Compensation
Starting base salary: $127,626 - $237,014 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
#LI-NK1
Source : City National Bank
