Third Party Risk Manager

First Century Bank; Alpharetta (GA); Hybrid; USD 120,000 - 165,000; Full time

Job summary

First Century Bank is seeking a Manager of Third-Party Risk Management to lead the redesign and oversight of its third-party risk program, including due diligence and ongoing monitoring with fintech partners. This hybrid role combines remote work with in-office collaboration to support governance workflows.

The ideal candidate will have 8+ years in TPRM, a degree in business or risk management, and strong regulatory knowledge, coupled with excellent communication and project management skills to

Qualifications

• Bachelor's or master's degree in business administration, risk management or related field with 8+ years in TPRM.
• Ideal candidates will have some fintech or financial services experience.
• Strong knowledge of TPRM best practices and regulatory requirements.

Responsibilities

• Perform risk assessments of existing and prospective third parties to identify risks and assign risk grades.
• Lead and coordinate due diligence with internal SMEs to plan diligence activities.
• Develop and execute tailored oversight programs including annual on-site assessments.
• Document findings and communicate issues and risk escalations to third parties.
• Keep management informed with regular risk reporting.
• Update and maintain TPRM policy and procedures.
• Provide day-to-day guidance and quality review for TPRM staff.
• Support governance objectives and align with the bank's mission.

Skills

Third-party risk management

Exceptional communication

Project management

Business analysis

Critical thinking

Attention to detail

Travel readiness

Education

Bachelor's or Master's in business administration or risk management

Tools

Microsoft Office (Word, Excel)

Job description

Third-Party Risk Manager – First Century Bank

First Century Bank has an exciting career opportunity available for a Manager of Third-Party Risk Management to join our team. The Bank is enhancing its existing third-party risk management program to improve oversight of its key partners and vendors, and this role will be integral in designing and executing the program.

This individual will help design and maintain the overall third-party risk management, assess risks associated with key partners and vendors, coordinate due diligence and ongoing oversight efforts, and develop management and board reporting materials to facilitate key governance routines. In addition, this individual will help plan and complete periodic site visits of our most valuable partnerships.

First Century Bank has specialized in providing financial services through technology channels for our FinTech partners. The Manager of Third-Party Risk Management is a career opportunity that will support the bank's continued growth through FinTech partnerships. This position would be a hybrid position whereby the individual will be able to work remotely and also come into the office as needed for training and to build camaraderie with other team members.

Duties will include the following:

• Perform risk assessments of existing and prospective third parties to identify key risks and assign overall risk grades consistent with policies and procedures; and
• Lead and coordinate due diligence of prospective clients and program partners by coordinating with various internal Subject Matter Experts ("SMEs") to plan and execute diligence activities; and
• Develop and execute tailored oversight and monitoring programs to ensure key risks associated with third parties are regularly monitored, including planning and executing annual on-site assessments of critical relationships; and
• Document findings and develop communication protocols with third parties to follow up on identified issues and risk escalations; and
• Keep management apprised of key third party risks and escalations through regular communication and reporting materials; and
• Update and maintain policy and procedure documentation for the third-party risk management program; and
• Provide day-to-day guidance and quality review for TPRM staff; and
• Performs such other duties as may be assigned or which inherently or logically belong with the position; and
• Exemplify FCB's values while carrying out its mission and organizational goals and priorities.

Qualifications and Skills:

Qualified candidate will have a bachelor's or master's degree in business administration, Risk management or related field and at least 8 years of experience in a third-party risk management or similar role, or appropriate combination of education and experience. Ideal candidates will have some experience in financial services or fintech environments. In addition, qualified candidates will have:

• Strong understanding of third-party risk management best practices
• Working knowledge of financial services regulations including BSA, AML, UDAAP and NACHA rules
• Demonstrate proficiency in Microsoft Office products including Word and Excel
• Ability to demonstrate a high level of attention to detail and to develop knowledge across functions
• Exceptional communication skills, project management skills and business analysis skills
• Critical thinking, including the ability to approach problems logically and make informed decisions based on data.
• Availability to travel 5-7 times per year for 2-3 days for each trip

First Century Bank is an equal opportunity employer. It is the Company's policy to provide equal employment opportunity to all qualified persons without regard to race, color, sex, gender or gender identification, religious creed or religious beliefs, age, national origin, physical or mental disability, pregnancy, military or veteran's status, marital status, sexual orientation, or any other category protected by state or federal law.