Third Party Risk Management Operations - Director

Sumitomo Mitsui Banking Corporation (SMBC)

United States, New York, White Plains

Nov 28, 2022

Job Locations

US-NY-White Plains

Posting Date

3 hours ago(11/28/2022 11:10 AM)

Career Category

Corporate Services

iCIMS ID

2022-14114

Corporate Title

DIR

Type

Fulltime-Regular (Exempt/Non-Exempt)

Overview

SMBC is looking for an individual to supprt the execution of the Third Party Management Operations program. This person will work with other risk functions to develop and implement controls that mitigate third party risks. Ensure third party due diligence controls are adequately met. Use independent judgment and discretion to identify, analyze and summarize contract and financial risk issues or key points ensuring compliance with Third Party Oversight policies, laws, and regulations. Take the lead in initiatives designed to strengthen the program.

The anticipated salary range for this role is between $189,000 and $210,000. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Responsibilities

Provide oversight of the TPMO program

Team Lead of Third Party Management Operations staff
Ensure the appropriateness of third party due diligence for each engagement
Coordinate with the business and various SME group to conduct due diligence of third parties
Coordinate on-going annual risk reviews and controls assurance activity
Provide status reporting on vendor program metrics to internal business partners, auditors, and regulators.
Provide and coordinate input to key compliance, legal and regulatory initiatives.
Provide strategic direction for Third Party Management Operations and adapt strategies to changing circumstances as required
Comprehensive documentation of the identified gaps and related risks to third-party engagements
Coach and mentor internal business representatives on third party risk management concepts and requirements
Create action plans and work with third parties to implement remediation plans and responses
Collect and analyze data for MIS Reporting

Qualifications

Experience leading and delivering complex cross functional projects, deploying superior people management skills
Excellent interpersonal skills and the ability to work collaboratively across all organizational tiers and build positive working relationships.
Eight to ten years+ third-party risk management experience
Understanding contractual terms negotiation and relationship management skills
Ability to develop and maintain internal and external customer relationships