Third Party Risk Management Program Administrator

WSFS Bank; Wilmington, Northern (DE, KY); On-site; USD 77,000 - 127,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Paid holidays

FSAs/HSAs

Job summary

WSFS Bank is seeking a mid-level professional to serve as the Third-Party Risk Management Program Administrator in a regulated banking environment. You will manage the lifecycle of third-party relationships, conduct risk assessments, and support audits and regulatory exams, ensuring contract diligence and compliance.

The role emphasizes collaboration with Legal, Procurement, Risk, and Information Security, and requires strong analytical and stakeholder management skills to mitigate regulatory

Qualifications

• Bachelor’s degree or higher in business, Finance, Risk Management, or related field.
• Minimum 3 years of experience in vendor management, third-party risk management, procurement, compliance, or related field.
• Experience in a regulated banking/financial services environment preferred.

Responsibilities

• Manage end-to-end Third-Party lifecycle including onboarding, risk assessment, monitoring, and offboarding.
• Conduct and review third-party risk assessments across operational, financial, compliance, and information security domains.
• Coordinate Third Party due diligence including financial reviews, business continuity, information security, and compliance validation.
• Review, redline, and manage Third Party contracts with Legal and Procurement to ensure regulatory and risk provisions are included.
• Monitor third-party performance, risk ratings, and remediation of identified issues.

Skills

Vendor management

Third-party risk management

Regulatory compliance

Contract review

Due diligence

Risk assessment

Regulatory knowledge

Stakeholder management

Analytical skills

Education

Bachelor's degree in business/Finance/Risk Management

Tools

Risk management systems

Job description

Job Description At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose. The Third-Party Risk Management Program Administrator will support the organization’s Third-Party Risk Management (TPRM) program within a regulated banking environment. This mid-level role is responsible for managing Third Party lifecycle, ensuring compliance with banking regulations, and mitigating risk associated with third-party relationships. The incumbent will bring experience in due diligence, contract oversight, and regulatory adherence.

Job Responsibilities

• Manage the end-to-end Third-Party lifecycle, including onboarding, risk assessment, ongoing monitoring, and offboarding.
• Conduct and review third-party risk assessments across operational, financial, compliance, and information security domains.
• Perform and coordinate Third Party due diligence, including financial reviews, business continuity planning, information security, and compliance validation.
• Partner with Legal and Procurement to review, redline, and manage Third Party contracts, ensuring inclusion of required regulatory and risk provisions (e.g., audit rights, data protection, SLAs).
• Serve as Request for Proposal (RFP) Partner to business lines by providing advice and guidance.
• Monitor Third Party performance, risk ratings, and remediation of identified issues or gaps.
• Ensure compliance with applicable banking regulations and guidance (e.g., OCC, FDIC, CFPB, GLBA, FFIEC) related to third-party risk management.
• Support internal and external audits and regulatory exams by providing documentation and evidence of compliance.
• Maintain accurate and complete Third-Party records, documentation, and risk assessments.
• Develop and deliver reporting on Third Party risk, performance metrics, and program effectiveness.
• Collaborate with cross-functional teams including Risk, Compliance, Legal, Information Security, and business stakeholders.
• Provide guidance and support to internal stakeholders on Third Party risk management practices and requirements.

Minimum Qualifications

• Bachelor’s degree in business, Finance, Risk Management, or a related field.
• Minimum 3 years of experience in vendor management, third-party risk management, procurement, compliance, or related field, preferably within banking or financial services.
• Experience within a regulated banking or financial services environment is preferred.
• Familiarity with Third Party Risk Management systems or risk assessment tools is preferred.
• Knowledge of information security, data privacy, or operational risk principles is preferred.
• Working knowledge of third-party risk management frameworks and regulatory expectations (e.g., OCC, FDIC, FFIEC).
• Experience reviewing and managing and redlining vendor contracts, including risk and compliance provisions.
• Strong understanding of due diligence processes and risk assessment methodologies.
• Must have excellent analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities in a fast-paced, regulated environment.
• Strong communication and stakeholder management skills.

WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.

Salary Range: $77,390.00 - $127,139.75 Individual base pay may vary on additional factors such as the candidate’s experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.

• WSFS provides a competitive benefits package, which includes medical, dental, and vision coverage; a 401(k) plan; life, accident, and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs.
• Additional benefits may include paid parental leave, military leave, vacation and other paid time off, sick leave in accordance with applicable state laws, and paid holidays.
• Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate’s location and employment status.
• For more information about Associate benefits, please visit https://www.wsfsbank.com/about/careers/

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at [e-mail].

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

At WSFS Bank we empower our Associates to forge the careers of their dreams, we guide our Customers to secure their financial futures, and we actively support our Communities so they can fully thrive. We know that when we work together and move forward with purpose a brighter path to the future lies ahead for our Associates, our Customers, and the Communities we serve.

WSFS Financial Corporation (WSFS) is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally-headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of March 31, 2023, WSFS Financial Corporation had $20.3 billion in assets on its balance sheet and $65.6 billion in assets under management and administration. WSFS operates from 119 offices, 92 of which are banking offices, located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name.