Navy Federal Credit Union

The Manager, Enterprise Third Party Risk Management (TPRM) will work within Navy Federal’s Enterprise Operational Risk Management (EORM) Division to perform second line of defense risk management activities.. To serve as a Third-Party Risk Management subject matter expert reporting to a Director within Enterprise Third Party Risk Management and support leadership decisions related to program development and strategy, and guidance.. Advanced knowledge and understanding of Third-Party Risk Management in a large financial institutional setting. Working knowledge of third-party risk management regulatory guidance (OCC, CFPB, FFIEC etc.). Working knowledge of third-party risk management operational and regulatory risks and controls related to onboarding and due diligence, including knowledge of risk management techniques from prevention, identification, assessment, and mitigation perspectives

third party risk management

Overview The Manager, Enterprise Third Party Risk Management (TPRM) will work within Navy Federal’s Enterprise Operational Risk Management (EORM) Division to perform second line of defense risk management activities. Responsible for assisting with the development and enhancement of the TPRM program methodology, framework, metrics and reporting and other risk-taking activities. To evaluate whether first line risk taking activities are within Navy Federal’s risk appetite and tolerance, in line with regulatory expectations and industry best practice. To serve as a Third-Party Risk Management subject matter expert reporting to a Director within Enterprise Third Party Risk Management and support leadership decisions related to program development and strategy, and guidance. Responsibilities •Establish and support the program development and ongoing maturation of the TPRM Program through the development and management of the methodology and framework Collaborate with Procurement Vendor Management (PVM) in the development, delivery, and continuing improvement of the enterprise program, policies, templates and change management initiatives as related to TPRM Assess regulatory requirements for overall applicability and adherence Provide recommendations to leadership for system design and/or enhancements to create business process efficiencies Develop and deliver TPRM documentation, program metrics and associated reporting requirements to governance groups and program stakeholders Develop and maintain relationships with stakeholders, assessment partners and business unit leaders/Point Of Contacts (POCs) Oversee and direct third party risk review activities; develop, monitor, and analyze risk metrics to provide feedback and guidance and create efficiencies Analyze risk data and reporting, identifying emerging risks and develop actionable recommendations to increase performance and mitigate risk; collaborate with staff and business partners to communicate and implement performance and risk strategies Provide guidance and support to both first Line of Defence (1LOD) and second Line of Defense (2LOD) risk analysts as a subject matter expert by assisting with developing organizational risk capabilities and increasing value and efficiency through effective risk management Perform team lead/supervisory responsibilities: Collaborate with leadership to develop/executive department strategy Mentor and advise second line of defense risk analysts Contribute to Annual Financial Plan (AFP) Process Ensure efficiency of operations Perform other duties as assigned Qualifications Advanced knowledge and understanding of Third-Party Risk Management in a large financial institutional setting Working knowledge of third-party risk management regulatory guidance (OCC, CFPB, FFIEC etc.), NFCU policies and industry best practice, especially areas of due diligence. Working knowledge of third-party risk management operational and regulatory risks and controls related to onboarding and due diligence, including knowledge of risk management techniques from prevention, identification, assessment, and mitigation perspectives Experience with vendor management platforms, assessment tools, and technical security Experience in leading collaboration across organizational boundaries and building partnerships across various functions Experience in working with all levels of staff, management, stakeholders, third parties Experience in identifying and communicating business requirements Ability to work independently and in a team environment Advanced organizational, planning, and time management skills Advanced skill using innovative thinking and data analysis to develop solutions and facilitate the decision-making process Advanced verbal, interpersonal, and written communication skills Advanced skill in the use of Microsoft Office Products (e.g., Word, Excel, etc.)Advanced presentation software skills Bachelor's Degree or above in Risk Management, Business, or related field, or the equivalent combination of education, training, and experience Desired Qualifications Advanced knowledge of Navy Federal's functions, philosophy, operations and organizational objectives Experience in consumer compliance at a financial institution Hours: Monday - Friday, 8:00AM - 4:30PM Locations: 820 Follin Ln. Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 About Us You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it: • Military Times 2022 Best for Vets Employers • WayUp Top 100 Internship Programs • Forbes® 2022 The Best Employers for New Grads • Fortune Best Workplaces for Women • Fortune 100 Best Companies to Work For® • Computerworld® Best Places to Work in IT • Ripplematch Campus Forward Award - Excellence in Early Career Hiring • Fortune Best Place to Work for Financial and Insurance Services Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

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