Contracts Manager - Junior/ Third-Party Risk Management (TPRM)

Spectraforce Technologies; Westlake (TX); On-site; USD 120,000 - 150,000; Full time

Job summary

Schwab is seeking a Senior Manager in Third-Party Risk Management (TPRM) to lead and enhance oversight of vendor risk across the firm. You will drive risk-based assessments, collaborate with Legal, Cybersecurity, Compliance and Finance, and ensure adherence to regulatory requirements and internal policies.

Role demands strong risk management experience in regulated environments, leadership, and the ability to navigate complex vendor relationships.

Qualifications

• 7+ years of experience in vendor management, risk management or internal audit.
• 2+ years in a highly regulated financial services environment.
• Strong understanding of risk frameworks, regulations and best practices.
• Excellent analytical, problem solving and decision making skills.
• Strong leadership and stakeholder management abilities.
• Professional certifications such as CTPRP or CRVPM are desirable.
• Ability to work independently with attention to detail and data-driven mindset.

Responsibilities

• Execute a robust third-party risk management framework to assess, monitor and mitigate vendor risks.
• Follow risk assessment methodologies to evaluate vendors by criticality, compliance, cybersecurity and operational resilience.
• Collaborate with Legal, Cybersecurity, Compliance and Finance to ensure a holistic risk approach.
• Drive risk assessments to completion and address contracting obstacles with third parties.
• Ensure due diligence is completed before agreement signatures and alignment with Schwab policies.

Skills

Vendor management

Risk management

Internal audit

Leadership

Stakeholder management

Regulatory knowledge

Education

Bachelor's degree or equivalent

Tools

SAP Ariba

Job description

Job Title: Third-Party Risk Management (TPRM)

Location: Westlake, TX 76262

Duartion - 8 Months Potential extension for the right candidate. Also, the potential to be contract to perm.

Hybrid Work Model -4 days on site and 5th remote.

The candidate would pick their remote day.

Job Description

• Corporate Vendor Management at client is responsible for implementing a firm-wide, end-to-end vendor management process to maximize vendor performance and value. Corporate Vendor Management is responsible for the sourcing, onboarding, risk assessment, monitoring and offboarding of third-parties; and assists Schwab in meeting regulatory and compliance requirements.

• As a Senior Manager on the Risk and Controls team in Corporate Vendor Management (CVM), you are responsible for the leading and enhancing CVM's oversight of third-party vendors. In this role, you will follow a risk-based approach in executing a comprehensive third-party risk management framework, ensuring compliance with regulatory requirements, and mitigating potential risks related to vendor services in order to support business partners across the firm in the accurate, efficient, and complete assessment of their third-party vendors. The ideal candidate will have a strong background in risk management, vendor governance, and compliance within a highly regulated industry.

What you\'ll do:

• Execute a robust third-party risk management framework to assess, monitor, and mitigate vendor risks through risk assessment and oversight activities
• Consistently follow risk assessment methodologies to evaluate third-party vendors based on criticality, compliance, cybersecurity, operational resilience, and financial stability.
• Collaborate with cross-functional teams (e.g. Legal, Cybersecurity, Compliance, Finance) to ensure a holistic approach to risk.
• Drive completion of risk assessments and identify obstacles to contracting or continued relationships with third parties
• Ensure risk assessment reviews are thorough and confirm completion of due diligence prior to agreement signature
• Ensure that all activities and efforts are consistent with Schwab policies and guidelines and in alignment with regulatory guidance
• Participate in the identification of policy and procedure adjustments to address the evolving risk environment and emerging risks related to third party vendors both onshore and offshore.
• Work on complex problems of diverse scope where analysis of data requires evaluation of a variety of tangible and intangible factors.
• Ensure third-party risk management practices comply with industry regulations, internal policies, and best practices.
• Stay updated on evolving regulatory landscapes affecting third-party risk and recommend necessary program adjustments.
• Establish risk mitigation strategies for high-risk vendors.
• Conduct regular risk reporting and escalate critical vendor risks to leadership.
• Leverage third-party risk management tools and technology to streamline all aspects of risk reporting.
• Drive automation and efficiency improvements in team processes.
• Develop and deliver brown bag risk discussions and quarterly risk awareness discussion for internal stakeholders.
• Responsible for adhering to third-party risk metrics supporting completeness, accuracy and timeliness of third-party risk activities
• Assists with acquiring data and providing information during Internal Audit Reviews and Regulatory Examinations
• Acts as an advisor to peers by applying broad range of knowledge, skills, and experiences within the area of risk expertise.

• What you\'ll have:
• 7+ years professional experience ideally in vendor management, risk management, internal audit
• 2+ years of experience working in a highly regulated financial services environment
• Strong understanding of risk frameworks, regulations, and best practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and stakeholder management abilities.
• Professional certification(s) applicable to risk management such as the CTPRP or CRVPM
• Ability to work independently with close attention to detail with a record of tracking and measuring results
• Demonstrated ability to handle ambiguity, while implementing new requirements
• Must be able to build positive relationships throughout the organization
• Knowledge of emerging vendor risks such as AI ethics, ESG risks, and geopolitical risk, digital assets.
• Knowledge of internal controls, financial/banking regulations, operational risk and/or vendor risk assessments.
• Excellent interpersonal, verbal and written communication skills
• Bachelor\'s degree or equivalent professional experience is required
• Proficiency in third-party risk management tools and technologies solutions.
• SAP Ariba (Cloud version) experience a plus but not required.