What are the responsibilities and job description for the Program Manager -Third Party Risk position at Prairie Consulting Services?
Job Description: Due Diligence and Issue Management Specialist
Long Term Contract role
Chicago, IL - 3 days hybrid
Exciting opportunity with direct client!
The role holder will be an expert in Third Party Risk Management and would be well versed in execution aspect of the program related to the entire lifecycle of third party engagements. This is a central role interacting with business units, 2nd line of defense, other team leads and offshore quality control team.
Major Duties:
• Responsible for tracking and assisting with program throughput including various life cycle elements (Planning, IRQs, DDQs, Ongoing Monitoring, Contracting and Termination), periodic inventory review, open issues and open risk acceptance review and tracking of all internal projects
• Accountable for assisting and guiding business partners through various stages of third party lifecycle to ensure quality program execution
• Responsible for consistent status meetings with Business Unit Leads and partners, handling escalations, coordinating special requests, and resolution of identified issues
• Identification and escalation of program concerns, missed SLAs, and risk treatment delays
Experience
• Bachelor's degree and approximately 10 years of related work experience with clear understanding of and experience in the Three Lines of Defense model
• A thorough understanding of third-party (i.e., vendor, supplier, etc.) risk management
• Understanding of global risk regulatory requirements with emphasis on US (OCC Bulletins, FFIEC, FRB, FDIC) or UK (PRA, FCA)
• A TPRM related certification such as CTPRP or CTPRA
Looking forward to connect with you! Thanks!
Salary : $70 - $75
