Third Party Risk Manager (Hybrid) - BankUnited

SUMMARY: The Third-Party Risk Manager will be responsible for overseeing and managing the BankUnited's Third-Party Risk Management framework. This role involves identifying, assessing, monitoring, and mitigating third-party risks across the organization. The Manager will work closely with various departments and business lines to ensure that Third-Party Risk Management practices are integrated into all third-party relationships and that the bank remains compliant with regulatory requirements

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.

* Identification and Mitigation of Third-Party Risks:

* Oversees team that performs due diligence of all third-parties enterprise wide.

* Develops and manages the Bank's Third-Party Risk Management process and procedures to identify, measure, and monitor third-party risks.

* Responsible for the review and final approval of all third-party due-diligence results.

* Partners with business lines and support functions to identify third-party risks, risk mitigation initiatives, and supervises progress of work required for completion of the associated processes.

* Performs research, provides recommendations, and implements systems/tools designed to mitigate risk and improve processes for third parties used within the Bank.

* Plans, executes, and directs quality projects that align with the Bank's Third-Party Risk Management Framework.

* Responsible for any audit-related inquiries whereby third-party providers are reviewed

* Identifies and addresses systemic third-party risk issues and takes the appropriate actions to remediate exceptions.

* Monitors historical data, as well as changes within the industry and the Bank's regulators, to identify third party risk trends and mitigation plans.

* Monitors internal/external audit issues to ensure timely remediation.

* Training and Awareness:

* Stays abreast of risk management industry trends by leading and/or attending seminars, training sessions, and workshops, as necessary to develop and ensure success of the Bank's third-party risk management program.

* Serves in a consultative capacity to divisions/business units on third party risk management matters.

* Gain understanding and ensure adherence of the OCC 2023-17, enterprise Policies and Procedures, and other regulatory guidelines.

* Ensures team is properly trained on all relevant subject matter and adheres to approved process (es).

* Documentation and Reporting:

* Leads the development, implementation and maintenance of Third-Party Risk Management reporting (KRIs, KPIs, SLAs, etc.), to include Operational, Executive, Committee and BOD Reporting.

* Compiles regular and special reports as required by Bank and government regulations.

* Develops and maintains department policies and procedures.

* Collaborative Efforts:

* Partner with business lines, key stakeholders (Cybersecurity, Business Continuity, Compliance, etc.), and third parties to ensure exposure to risk noted through third party due diligence process is evidenced and properly managed.

* Responsible for the leadership of the Third-Party Advisory Group and all accompanying materials

* Participates in enterprise initiatives, interacts with support areas and assists in creating Third Party Risk Management tools and methods.

* Confers and cooperates with appropriate personnel to ensure coordination of activities meet the Third-Party Risk Management objectives for the Bank.

* Create and/or maintain a communication channel to business lines to assist with the effectiveness that third party relationships are identified and properly managed.

* Establishes and maintains relationships within a division(s) and throughout the enterprise and drives the resolution of cross-functional issues.

* Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).

* Adheres to Bank policies and procedures and completes required training.

* Identifies and reports suspicious activity.

SUPERVISORY RESPONSIBILITIES

* Supervises function, projects or services and/or one or more employees, as applicable.

* Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.

* Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance coaching; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION

Bachelor's Degree business administration, risk management, or a related field preferred.

EXPERIENCE

* Minimum of 10 years of experience in Third Party Risk, Risk Management, Audit, Procurement or Contract Management within the banking or financial services industry preferred

KNOWLEDGE, SKILLS AND ABILITIES

* Demonstrate leadership skills, excellent interpersonal skills, and proven problem-solving ability.

* Strong knowledge of regulatory requirements and industry best practices related to third party risk management

* Demonstrate ability for facilitation, persuasion, presentation, and process management skills.

* Knowledge of interrelationships amongst Bank functions.

* Demonstrate ability to champion and support third-party risk management efforts.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled