Senior Third Party Risk Management Specialist
First Horizon Bank
Charlotte, NC
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JOB DETAILS
SKILLS
Alliance/Partner Marketing, Analysis Skills, Banking Services, Brokerage, Business Operations, Capital Markets, Commercial Banking, Communication Skills, Contract Management, Documentation, Due Diligence, Facebook, Federal Deposit Insurance Corp (FDIC), Finance, Financial Operations, Financial Services, Fixed Income Investments, Industry Standards, Information/Data Security (InfoSec), Insurance Certifications, Metrics, Microsoft Office, Mortgage, Onboarding, Organizational Skills, Presentation/Verbal Skills, Privacy Regulations, Private Banking, Project/Program Management, Purchasing/Procurement, Record Keeping, Regulations, Regulatory Compliance, Regulatory Requirements, Reporting Dashboards, Reporting Skills, Retail, Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Service Level Agreement (SLA), Small Business, Time Management, Vendor/Supplier Management, Vendor/Supplier Selection, Wealth Management, Writing Skills
LOCATION
Charlotte, NC
POSTED
2 days ago
Summary
The Third-Party Risk Management (TPRM) specialist will support the TPRM Manager in successfully executing the First Horizon TPRM program. We are seeking an experienced individual specialized in the Third Party Risk Management framework with strong knowledge of regulatory heightened standards, and relevant industry certifications. In this role, you will be responsible for executing key components of our Third-Party risk management program within an established framework.
Key Responsibilities
- Execute due diligence processes for onboarding new vendors and partners
- Partner with SME groups to conduct thorough risk assessments of third parties, including financial stability, operational resilience, information security, compliance and reputation risk evaluations
- Review and provide input on risk-based contract terms and SLAs with service providers
- Perform ongoing monitoring activities for assigned vendors and high-risk relationships
- Implement remediation plans for identified third-party control deficiencies.
- Document and maintain accurate records of all TPRM activities
- Apply solid understanding of applicable First Horizon policies, procedures, and practices to provide effective TPRM assurance
- Build sound business relationships across the enterprise to enable a strong understanding and close alignment with business needs, direction, and risk appetite
- Support the TPRM risk reporting and key metric processes and assist with coordinating and communicating results of third-party risk assessments and risk reassessments
- Respond appropriately to third-party risk or performance incidents, coordinating related investigations, and ensuring appropriate resolution
- Educate Line of Business teams on TPRM program and processes and participate in TPRM Training delivery
- Manage and maintain TPRM repositories, tools, and documentation for TPRM information risk assurance
- Support the TPRM Manager in managing the department routines including participating in business and risk meetings in the TPRM Manager's absence
- Conduct real-time effective challenge at various stages of onboarding a third party
- Provides input into the TPRM Policy and System enhancements.
- Responsible for ensuring issues and risks are appropriately remediated or escalation protocols are followed
Regulatory Compliance
- Interagency guidance to heightened standards including Federal Reserve SR Ketter 13-19, FDIC FIL-44-2008, or global equivalents to daily TPRM activities
- Stay current with evolving regulatory requirements and industry guidance around third-party risk
- Support regulatory examinations related to TPRM and help prepare responses to regulatory inquiries
- Apply regulatory expectations to risk assessment and monitoring activities
- Help ensure third-party relationships comply with privacy regulations (GDPR, CCPA, etc.)
Reporting and Communication
- Prepare comprehensive reports on third-party relationships
- Contribute data and insights for executive level dashboards and metrics
- Communicate effectively with stakeholders about third-party risk issues
- Collaborate with colleagues in SME departments
- Document findings, conclusions, and recommendations clearly and concisely
Qualifications
Experience
- +5 years of experience in third-party risk management, vendor management or related risk disciplines
- Demonstrated experience in first line (operational) roles
- Experience applying TPRM frameworks in regulated environments.
- Background working with regulatory examinations and responding to regulatory findings
- Track record of successful collaboration with stakeholders across business functions
- Discretion and diplomacy when dealing with sensitive issues
- Experience working across a diverse set of stakeholders with positive results
- Preferred advanced experience with MS Office, Coupa, and Teams
Knowledge
- Strong understanding of regulatory heightened standards for third-party risk management
- Knowledge of risk assessment methodologies and frameworks
- Understanding of contractual risk management principles
- Familiarity with procurement processes and practices
- Working knowledge of information security, business continuity, and operational risk concepts
Skills
- Excellent analytical and critical thinking capabilities
- Strong verbal and written communication abilities
- Effective time management and organizational skills
- Detail-oriented with strong documentation practices
- Ability to translate complex regulatory requirements into practical actions
Education and Certifications
- Bachelor's degree in business, finance, risk management or related field
- One of more of the following certifications preferred:
- Certified Regulatory Vendor Program Manager (CRVPM)
- Certified in Risk Management Assurance (CRMA)
- Shared Assessments Certified Third Party Risk Professional (CTPRP)
About UsFirst Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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