Manager of Third-Party Risk Management

Manager of Third-Party Risk Management at First Interstate BancSystem in Boise, Idaho, United States Job Description If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal.SUMMARYThe Manager of Third-Party Risk Management (TPRM) is responsible for the leadership and management necessary for operating the bank-wide Third-Party Risk Management Program. The Third-Party Risk Management Program is an element of the Enterprise Risk Management (ERM) Program at First Interstate Bank (FIB) and reports to the Director of Enterprise Risk Management in the Chief Risk Officer's organization. The leadership of this role involves aiding in developing and maturing the framework to manage the bank's relationships with external vendors and their contracts to ensure quality, compliance, and cost-effectiveness. Responsibilities include developing and implementing a comprehensive risk management program in accordance with regulatory expectations to manage all aspects of third- and fourth-party risks. This role collaborates closely with senior managers in all areas of the bank to ensure appropriate oversight, due diligence, assessments, and monitoring over all third-party contracts and relationships utilized in the enterprise. ESSENTIAL DUTIES AND RESPONSIBILITIES Administers all aspects of third-party relationships throughout their vendor life cycle. This includes developing an overall strategy, contract negotiations, and implementation of tools and processes associated with managing third parties and their related risks. Collaborates with partners and business stakeholders to perform due diligence, risk assessment and ongoing monitoring of vendor performance, ensuring compliance with service level agreements and regulatory standards. Assists in maturing the Program in accordance with the size and complexity of FIB including fourth party oversight and assessments. Supports key initiatives and projects of the organization as it relates to third parties that are onboarding or being maintained within the project. Negotiates successfully with vendors to obtain favorable contracts that meet the organizations overall long-term strategy overseeing financial analysis of vendor costs to ensure budget compliance and cost-effectiveness. Escalates and remediates third party related issues identified in ongoing monitoring, the risk assessment process or incident management. Responds to regulatory and audit inquiries and requests. Interacts with internal and external customers to understand their needs. Provides consistent and accurate management and board reporting including metrics to highlight issues, risks, and program status. Provides focus and clarity in establishing individual goals, driving performance management, supporting career development, and rewarding strong performance. Leverages the value in unit, department, and enterprise-wide teams to develop better solutions and achieve a cross-enterprise mindset. Accepts and successfully executes change while supporting employees through the process and keeping them focused on business priorities. Tracks, reports, and presents project status to senior management and others as needed. Keeps abreast of industry trends and regulatory changes impacting third party risk management. Manages a portfolio of third-party relationships. MANAGEMENT RESPONSIBILITIES Leads, mentors, and develops a team dedicated to third party risk management, ensuring trust-based relationships are built with other business units, stakeholders, and third-party providers to maximize functionality and efficiency. QUALIFICATIONSTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. KNOWLEDGE, SKILLS AND ABILITIES Excellent negotiation and communication skills. Computer skills are essential to this position, including Microsoft applications such as Word, Excel, Outlook, and PowerPoint. Ability to prioritize work and remain adaptable under pressure. Understanding of the challenges related to implementing organizational changes. Strong analytical and critical thinking skills. Ability to anticipate barriers and opportunities. Ability to manage multiple demands and to adapt to new challenges and... For full info follow application link. Our company is an equal opportunity employer. Employment here is based solely upon an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws. To view full details and how to apply, please login or create a Job Seeker account