Manager, Enterprise Third Party Risk Management

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.

• 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
• 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 , 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 (., Word, Excel, ced 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