The Third Party Risk Management Risk Consultant (RC) is responsible for managing, monitoring and coordinating Third Party Risk Management (TPRM) activities for the Wealth Management and Investment Services business line and portfolios. The candidate will engage and participate in credible challenge, quality assessment, project management, procedural development, record maintenance, system testing and implementation, and training activities.
Discuss third parties, risks, and controls specific to business areas
Will possess a foundational understanding of common technology architectures including mainframe, client-server, and web-based applications. Will be able to credibly challenge high level system architecture and data flow diagrams for the purpose of identifying gaps in disclosure and risk identification.
Regulatory Fundamentals: Will identify key risk and controls of their assigned business lines and will need to convey all elements of the TPRM program to meet internal audit and OCC/Regulatory requirements.
TPRM Fundamentals: Directly or indirectly works with business lines, subject matter experts and other constituents to ensure compliance with applicable regulations and internal policies and procedures. The assigned portfolios consist of business line(s) third party and/or program assessments and reporting. Audit and credible challenge of discrepancies and data conflicts will be performed along with approvals of internal and external assessments for completeness, consistency and accuracy prior to third party engagement. The platform used to manage the TPRM Program is RSA Archer.
Communication and Relationship Building: Builds and maintains positive relationships with management, team members, and stakeholders across U.S. Bank using effective written and oral communication practices. This position will foster collaboration internally across the U.S. Bank enterprise while drawing in diverse groups to share ideas, information, and resources to strengthen the TPRM program. This position will also be responsible for building cooperation and trust between departments and other groups. In this position, one will be able to influence others using program knowledge, negotiation methods, and is able to overcome objections which lead to consensus among constituents.
Performance Development and Management: Models behavior that supports the vision of TPRM and U.S. Bank. Sets clear, well-defined, desired outcomes for work activity and tracks progress while coping with challenging workloads and can adjust to and address competing priorities and urgent tasks.
Bachelor's degree, or equivalent work experience
Five to seven years of experience in an applicable risk management environment
Applicable professional certifications
Third party (vendor) risk management experience
Excellent verbal and written communication skills
Strong project management and strategic planning skills
Technology development and/or Applications/Operational support experience
Software applications proficiency in RSA Archer and MS Office Suite
Demonstrable ability to recognize the relevance of risk trends, issues and potential risk exposure
Demonstrate business knowledge of banking-related products, services and relate how their associated risks may impact both U.S. Bank from a third party perspective
Understand the impact of government legislation fundamentals related policies, procedures, and processes with the ability to support the second line of defense risk program
Understanding of U.S. Bank business line products and services
CPA, CIA, CISA, and/or CTPRP certifications
IT Audit background
Financial Services' audit and regulatory background
Advanced degree (MBA or JD)