Risk Manager jobs in Kansas City, MO

Summary:

The Third-Party Risk Manager works under the supervision of the CRO/ERM and is primarily responsible for managing and administering the Third Party Risk Management Program (TPRM), ensuring compliance of the Bank’s program according to the OCC, FRB, and FFIEC guidance and industry accepted Third Party (TP) and supplier risk management standards. Responsibilities include facilitating the identification of TP risks throughout the organization, developing, reporting and monitoring formats on TP risk management issues and developing methodologies for the assessment of TP risks throughout the organization.

Principal Accountabilities:

• Perform/coordinate risk assessments and impact analyses to identify risks associated with outsourcing activities to TPs. The risk assessment process includes identifying risks in multiple risk categories, collecting necessary information to appropriately identify and measure risks, working with subject matter experts and TP representatives to fully analyze risks, reporting identified risks to necessary stakeholders, and documentation.
• Due diligence document requests, document and data management, due diligence review assignment and oversight. Ensure timely request of necessary due diligence documentation, work with TP representative, internal subject matter experts and key stakeholders to collect all necessary information and maintain identified timeline for review completion. Oversee review documentation, identify risk escalation when necessary, and review retention.
• Execute contract management functions including contract collaboration and review TP contracts for necessary TP management language as contemplated by the OCC and other federal and state regulators as it pertains to governance of TPRM.
• Maintain contract document storage and retention. Manage contract tracking data entry, maintenance, and oversight of contract data entry. Manage day to day administration and ongoing oversight of contract term tracking. Serve as the enterprise point of contact for contract related questions.
• Manage ongoing oversight of TPs. Ensure timely oversight review of TPs based on TP risk level. Prepare, approve, and submit final reports to BOD. Report all review findings to ERMC and BOD.
• Manage the TP and contract management software including defining software parameters, oversight of access management, assigning user activities, data entry and maintenance, evaluation and implementation of process automation, process improvements, data retention, and ongoing maturing and road mapping of software use.
• Work closely with Legal Department to execute contract duties and stay current on new contract reviews and terminations.
• Work closely with Enterprise Project Governance Department to stay current on new TP engagement proposals. Continuously work to align processes with EPG Department to eliminate overlap and streamline process for internal and external stakeholders.
• Work closely with TP and contract owners to assist in the management of TP, risks, compliance, contracts, and issues as necessary.
• Create, maintain, and update TP risk assessment(s), TP questionnaires, risk review templates, and other program materials.
• Create, maintain, and update TPRM policy and procedure documentation such as program, policies, standards, and guidelines.
• Assist in audits and regulatory exams related to TPRM as necessary. This may include responding to requests, preparing documentation, or acting as the main point of contact for TPRM related matters.
• Inform and train staff members on their responsibilities concerning TPRM.
• Remain informed on trends and issues in the supplier and vendor management industry, including current and emerging risks. Keep TPRM program key stakeholders apprised of findings.
• Be highly knowledgeable of the organization’s overall strategic direction and risk threshold.
• Other duties as assigned.
• Regular attendance is required, working during regular business hours and/or assigned hours.

Qualifications:

• Bachelor’s degree or equivalent combination of education and work experience
• Strong research, troubleshooting, and creative problem-solving skills.
• Ability to work independently, as well as part of a team on multiple projects.
• 5-10 years plus banking experience. Previous TPRM experience preferred.
• Excellent project management and organization skills
• Ability to work independently, as well as part of a team on multiple projects.
• Excellent written and oral communication skills.
• Ability to prioritize workload, gather and analyze detailed information, think logically and in a process-oriented fashion.

The candidate should be goal oriented. Strong internal and external customer service skills, including the ability to timely identify and address issues, are expected. The candidate needs to be a self-disciplined, self-motivated individual possessing a team building spirit.

Physical Requirements:

The work environment is typical of a standard office or retail banking setting. The position is sedentary, involving sitting most of the workday; however, the position will involve moving about the workspace to reach entrances/exits, restrooms, conference rooms, or other areas within the work environment. Reaching may be required involving the ability to move arms in any direction. Office equipment, such as a computer and telephone, will be used requiring the ability to manipulate a keyboard, mouse, and/or keypad. The ability to decipher a computer screen or written documents is necessary. The ability to express or exchange ideas; impart information to clients, coworkers, or the public; or to convey detailed or important instructions; is required. The ability to receive and understand detailed information shared through oral or written communication is required.