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Business Continuity Third Party Risk Management, Assistant Vice President
The Third Party Business Continuity Engagement Manager is responsible for the execution of Business Continuity Risk assessments for Third Party service providers. This position assists Business Continuity Third Party Risk Management (BC TPRM) and Third Party Risk Management (TPRM) in ensuring that the established due diligence processes and controls are adhered to for new, existing, or modified third party engagements and all related risks are consistent with the Board approved risk appetite.
The Business Continuity Third Party Engagement Manager supports execution of Third Party due diligence reviews; provides oversight and tracking of new or emerging Third Party risks; and provides subject matter expertise and guidance to Third Party Managers and Service Requestors on overall risk and third party management objectives. Ensures the performance of all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
The Engagement Manager will be fully functional in the use and understanding of the BCPM methodologies, systems, and will assist the Business Continuity Third Party Risk Management team in keeping all systems and procedural documentation up to date and reflective of organizational changes.
The Third Party Business Continuity Engagement Manager will provide support in the development and execution of BC risk strategies and best practices for Risk assessing third party relationships with the organization. Responsibilities include:
Facilitate, coordinate, and maintain project schedules, plans, and scope using standard project management methodologies and internal processes
Carrying out processes such as third party due diligence and ongoing monitoring reviews, identifying risks associated with using Third Party providers, and implementing internal practices to document findings and remediation plans
Facilitate and review control and compliance initiatives, such as contract-assessments, third party reviews and due diligence initiatives
Escalate issues associated with third parties as needed
Identify opportunities for process improvements to deliver increasing operational efficiency in the processes
Assist with various Third Party Risk Management program initiatives working closely with the Third Party Managers and Service Requestors
Support internal education and best practices sharing with peers and colleagues, as well as third party education & awareness, as needed
Assist Engagement Managers with Business Continuity activities:
Other duties as assigned by manager
Union Bank, N.A.