What are the responsibilities and job description for the Vendor Risk Manager position at Bradesco Bank?
Overview:
As a Vendor Risk Manager at Bradesco Bank, you will play a critical role in ensuring the effective management of third-party risks and compliance with regulatory requirements. This position requires a high level of expertise and experience in third-party risk management, as well as excellent communication and analytical skills.
Responsibilities:
- Develop and maintain an enterprise-wide TPRM program that meets regulatory expectations and industry standards.
- Ongoing assessment and updating of the TPRM program to reflect the bank's evolving risk profile, size, and complexity.
- Ensure compliance with applicable regulatory guidance on third-party risk, including requirements published by regulators.
- Analyze business and risk data to proactively identify risks, trends, and process improvements related to third parties.
- Identify, assess, and monitor risks associated with third-party relationships.
- Support vendor onboarding due diligence processes.
- Conduct risk assessments on new and existing third parties to ensure they meet the bank's risk tolerance and compliance requirements.
- Collaborate with vendor owners to effectively manage third-party relationships and identify risks early in the process.
- Ensure third-party vendor contracts incorporate appropriate risk management provisions and adhere to bank policies and industry best practices.
- Monitor and report on all stages of the TPRM life cycle.
- Ongoing monitoring of third-party performance levels and requesting current due diligence periodically.
- Develop third-party Key Risk Indicators / Key Performance Indicators for monitoring potential risks.
- Provide recommendations for control changes when necessary.
- Prepare reports on third-party risk management for presentations to management and committees.
- Develop training programs on third-party risk management practices.
Requirements:
- At least 5 years of experience in third-party risk management or relevant work experience.
- Ability to work independently and make decisions.
- Good problem-solving skills.
- Able to communicate effectively, both written and verbally.
- Ability to present information to one-on-one, small groups, or large groups.
- Able to multi-task and meet deadlines.
- Must be well-organized, efficient, detail-oriented, and self-motivated.
- Ability to conduct thorough research, analyze and interpret technical reading material, especially banking regulations.
- Good knowledge of Microsoft Office, especially Word, Excel, PowerPoint, and Outlook.
Education: BA Degree in Business, Finance, or similar field.
