What are the responsibilities and job description for the Director of Third-Party Risk Management position at Stifel?
Why Stifel
Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.
Let’s talk about how you can find your place here at Stifel, where success meets success.
What You'll Be Doing
Under the direction of the ERM Managing Director, Stifel (or “the Firm”) is seeking an experienced and strategic Director of Third-Party Risk Management to join our team. The position is responsible for providing oversight and, along with the Third Party Risk Management Program Manager, effectively managing risks associated with third-party relationships. It also ensures compliance with internal policies and regulatory guidelines throughout the TPRM lifecycle.
What We're Looking For
• Contribute to the strategic planning, direction, and goal setting for the TPRM function in conjunction with ERM Managing Director and the Third Party Risk Management Program Manager to ensure that the overall TPRM framework continues to align with ERM’s strategic plan.• Update and manage TPRM’s Program, which includes, but is not limited to, policies, procedures, processes, training, etc.• Communicate, educate, and socialize TPRM’s Policy to senior leadership, business units, and all relevant stakeholders as necessary.• Collaborate with internal stakeholders to integrate third-party risk management practices and establish risk mitigation strategies.• Provide oversight and direction to the TPRM team responsible for vendor due diligence, risk identification, risk assessment, and risk mitigation.• Develop metrics that align with industry-leading practices and implement effective processes to identify, measure, manage, monitor, and report TPRM risks.
What You'll Bring
• Solid knowledge and understanding of regulatory expectations for third-party risk.• Strong problem-solving skills and curiosity in researching and evaluating issues and potential resolutions.• Effective communication skills and ability to relay information well in written and verbal forms at all levels of management, as well as lead presentations.• Able to manage priorities, deadlines, and tasks to meet and accomplish goals.• Good interpersonal interaction and working well with others at all levels of the Firm.• Solid knowledge of TPRM tools used in the industry.• Strong computer literacy.• The ability to multi-task and execute tasks effectively in a high-profile and high-pressure environment is crucial.• In-depth knowledge of regulatory requirements.• Strong leadership and team management skills.• Excellent analytical, communication, and problem-solving abilities.
Education & Experience
• Minimum Required: Bachelor’s degree in a Business, Risk Management, or related discipline.• Minimum Required: 10 years of experience in Business Administration, Risk Management, or a related field focusing on third-party risk in the financial services industry.
Licenses & Credentials
• Professional certifications such as Certified Risk and Information System Control (CRISC), Certified Third-Party Risk Professional (CTPRP), or similar are preferred.
Systems & Technology
• Proficient in tools used to manage third-party risk (e.g., OneTrust).• Proficient and demonstrated skills in Microsoft Outlook and Microsoft Office Suite (Word, Excel, PowerPoint, Visio, Power BI).
About Stifel
Stifel is more than 130 years old and still thinking like a start-up. We are a global wealth management and investment banking firm serious about innovation and fresh ideas. Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.
While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations. Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more. Let’s talk about how you can find your place here at Stifel, where success meets success.
At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.
Stifel is an Equal Opportunity Employer.
