Senior Third-Party Risk & Compliance Manager

Western Alliance Bank; Phoenix (AZ); On-site; USD 120,000 - 160,000; Full time

Job summary

Western Alliance Bank is seeking a Third-Party Risk Manager to partner with business lines and third parties to ensure compliance with the Third-Party Risk & Controls program. You will manage a portfolio of third-party engagements across the lifecycle, provide guidance, and lead TPM activities while supporting a wider risk-and-compliance effort.

The role requires deep knowledge of regulatory obligations, banking operations, and strong communication skills.

Qualifications

• 7+ years of related experience in Vendor Management or similar field.
• Bachelor’s degree or equivalent experience required; Bachelor’s degree in related field preferred.
• Intermediate to advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced knowledge and skills in Microsoft Word, Excel and Outlook.
• Advanced experience managing multiple concurrent projects and delivering assignments to completion in accordance with defined instructions, prescribed routines, and standard accepted practices.
• Advanced speaking and writing communication skills.

Responsibilities

• Support the business in performing all activities across the TPRC lifecycle for a larger group or higher complexity/risk portfolio of third-party relationships.
• Conduct analysis across third-party engagements with similar characteristics to confirm consistency in evaluation of similar engagements.
• Resolve questions or concerns from TPRC resources, other stakeholders, or business resources.
• Raise awareness and/or elevate for discussion to management when appropriate. Manage a portfolio of third-party engagements ensuring required activities are occurring when required.
• Conduct inherent risk questionnaire workshops with business engagement owners to determine the inherent risk rating and in scope risk domains that define necessary activities for onboarding due diligence or reassessment and ongoing monitoring.
• Collect third-party documents in support of required due diligence or risk and control assessments.
• Perform general due diligence activities like OFAC, financial health, prohibited entity checks, etc.
• Confirm appropriate legal review and signatory authority on executed contracts. Identify service level agreements (SLAs) for tracking during ongoing monitoring.
• Guide and support the business in the documentation of exit strategies, performance scorecards, or other engagement-specific monitoring requirements.
• Advise business stakeholders on the TPRC lifecycle activities when necessary.
• May lead and develop a team; responsible for hiring, coaching, performance management, training and development.

Skills

Vendor Management

Project Management

Regulatory Compliance

Stakeholder Communication

Education

Bachelor's degree or equivalent experience

Tools

Microsoft Word

Excel

Outlook

Job description

Western Alliance Bank is seeking a Third-Party Risk Manager to partner with business lines and third parties to ensure compliance with the Third-Party Risk & Controls program. You will manage a portfolio of third-party engagements across the lifecycle, provide guidance, and lead TPM activities while supporting a wider risk-and-compliance effort.

The role requires deep knowledge of regulatory obligations, banking operations, and strong communication skills.