Hybrid Third-Party Risk Manager | FinTech Partnerships

First Electronic Bank; Salt Lake City (UT); Hybrid; USD 90,000 - 140,000; Full time

Job summary

First Electronic Bank (FEB) is seeking a seasoned Risk Management professional in Salt Lake City to lead third-party risk assessment, due diligence, and oversight of merchants and strategic partners. This full-time role blends in-office and remote work.

You will review vendor documentation, monitor risk, support regulatory examinations, and drive remediation efforts to strengthen the bank's controls and regulatory posture.

Qualifications

• Bachelor's degree in business, Finance, Risk Management, or related field.
• Minimum of 5 years of experience in risk management, compliance, audit, or third-party risk management within sponsor banking or financial services.
• Strong analytical and problem-solving skills; excellent communication and interpersonal abilities.
• In-depth understanding of regulatory requirements and standards related to third and fourth-party risk management.
• Proficiency in Microsoft Word, Excel, PowerPoint and SharePoint.
• Third Party Risk Management certification is preferred

Responsibilities

• Conduct due diligence and risk assessments for third-party vendors, strategic partners, merchants, and critical fourth-party relationships.
• Review financial, operational, compliance, information security, and business continuity documentation.
• Identify risks and recommend mitigation strategies.
• Perform ongoing monitoring activities commensurate with risk.
• Track remediation efforts and risk treatment plans.
• Escalate emerging risks and control deficiencies.
• Assess third-party and fourth-party relationships for compliance with Bank standards and regulatory expectations.
• Review strategic partners' vendor management practices and critical subcontractor oversight.
• Maintain inventories and supporting documentation.
• Support onboarding and ongoing risk assessments of merchants and strategic partners.
• Evaluate business models, control environments, and risk management practices.
• Identify operational, compliance, financial, and reputational risks.
• Prepare risk reporting and management information.
• Support regulatory examinations and audits.
• Assist with remediation of findings.
• Assess regulatory changes impacting areas of Third-Party Risk and Control assessment to determine and implement any actions required.
• Stay updated on industry best practices to support continuous process improvement.

Skills

Analytical thinking

Problem-solving

Communication skills

Interpersonal abilities

Risk management tools

Education

Bachelor's degree in business, Finance, Risk Management, or related field

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

SharePoint

Job description

First Electronic Bank (FEB) is seeking a seasoned Risk Management professional in Salt Lake City to lead third-party risk assessment, due diligence, and oversight of merchants and strategic partners. This full-time role blends in-office and remote work.

You will review vendor documentation, monitor risk, support regulatory examinations, and drive remediation efforts to strengthen the bank's controls and regulatory posture.