What are the responsibilities and job description for the Third Party Risk Specialist - Hybrid position at Federal Home Loan Bank of Indianapolis?
Is it a Bank? A cooperative? A leader in affordable housing? We are all those things and more!
Our core mission at FHLBank Indianapolis is to provide reliable and readily available liquidity to our member institutions to support housing finance and community development. Simply put, we’re a bank for banks, credit unions, community development financial institutions and insurers across Indiana and Michigan. We also assist in meeting the economic and housing needs of communities and families through grants and subsidized advances that support affordable housing and economic development.
But enough about us, let’s talk about you.
Are you looking for a company that views their employees as their greatest asset?
A company that’s dedicated to making a difference in the community? So much so they pay their employees to volunteer?
Do you want to join a talented workforce that prioritizes diversity, equity and inclusion, and promotes learning and development, unique skills/ideas, and employee engagement?
If you’ve said yes to these questions, then we might be a match!
Here is what we offer:
- Flexible hybrid workforce model: Onsite three days a week and two days remote. We also offer five fully remote weeks per year!
- Fantastic, competitive pay and total rewards
- Industry-high 401(k) match: up to 6% PLUS…an additional 4% contribution!
- Tuition reimbursement assistance: To help you continue to develop personally and professionally.
- Student loan repayment assistance: That’s right, we will help you repay outstanding student loans!
- Awesome Benefits Package: Medical, dental, vision benefits and even pet (you read that right) insurance!
- Generous time off: Vacation, paid federal holidays, birthday month floating holiday, volunteer day and summer hours program
- “Dress for your day” dress code: You choose the appropriate work attire based on what your day looks like.
Statistics show that it is less likely for some candidates to submit their application if they don't meet all the criteria within the job description. If this is you, we encourage you to give yourself a chance and submit your application anyway, as you may be the perfect match for this role!
Purpose:
The Third Party Risk Specialist is responsible for assisting in the identification, assessing, monitoring and reporting of third-party providers (TPP) of goods or services in accordance with the Vendor Management Policy. In addition, the third party risk specialist is tasked with compiling data, completing documentation related to procurement, third-party risk management, contract management, and appropriately capturing risk issues per the Vendor Management Policy.
The following statements are intended to describe the general nature and level of work being performed by persons assigned to the job. They are not intended to be an exhaustive list of all responsibilities or abilities required of persons so classified. The Bank reserves the right to alter or amend this description at any time.
Specific Responsibilities:
- Coordinate the identification and ranking of TPP risks and classification of TPPs by TPP risk tier and maintain the TPP inventory.
- Assist internal stakeholders and TPPs with TPP registration, facilitating the TPP Engagement process, TPP ongoing monitoring, and contract management.
- Support and monitor workflows to ensure due diligence, risk assessment, TPP ongoing monitoring, and contract management for adherence to the Vendor Management Policy and Procedures.
- Collaborate with internal stakeholders and compile data to track, measure, report, and evaluate TPP performance.
- Work with manager and other personnel to identify and gather information around risks, operational risk events and findings from internal auditors, external auditors, and regulatory agencies.
- Manage TPP contract and insurance renewal notifications.
- Assist with the development of TPP awareness training for stakeholders.
- Assist with and serve as backup for the Bank’s supplier diversity initiatives.
- Understand and apply relevant regulatory and legal compliance requirements.
- Maintain documents, files and records for providing up-to-date references and audit trail for compliance.
- Proactively work with management and peers to achieve department and Bank strategic initiatives.
- Complete special projects as assigned.
Competencies:
Business
- Job Knowledge
General
- Decision Making/Judgment
- Dependability
- Productivity
People
- Interpersonal Skills
Position Requirements:
- Bachelor’s Degree in a business, risk management, information technology, law, or supply chain management-related field.
- 1-2 years’ experience working in third-party risk management, procurement, risk management, information technology, auditing, or legal preferred but not required.
- Excellent problem-solving skills.
- Effective written and oral communication skills.
- Solid computer skills and experience using the Microsoft Suite of products, with proficiency in Microsoft Excel.
- Ability to work independently and as part of a team under pressure while adhering to strict deadlines.
- Ability to set priorities and organize daily workflow. Detail-oriented with a high level of accuracy.
- Ability to work full time. Adheres to workplace rules and normal working hours. Some overtime may be required.
- Must not have been convicted on any civil or criminal charge that would suggest a risk to Bank security.
- Ability to uphold and model the Bank’s Guiding Principles.
FHLBank Indianapolis is an Equal Opportunity Employer.
