Third-Party Risk Specialist (Non-IT)

Credit Union National Association, Inc.; United States; Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player is looking for a skilled Third-Party Risk Specialist to enhance its risk management framework. This role is pivotal in identifying and mitigating risks associated with third-party relationships, ensuring compliance with financial regulations, and collaborating with various stakeholders. The ideal candidate will possess a thorough understanding of risk management practices and regulatory requirements, such as NCUA and PCI. The position offers a dynamic work environment with the opportunity to contribute to critical risk management functions while enjoying a comprehensive benefits package, including remote work options. If you are passionate about risk management and want to make a significant impact, this role is for you.

Benefits

Healthcare

401(k)

Paid Leave

Remote Work Options

Qualifications

• Strong knowledge of risk management practices and regulatory requirements.
• Experience with third-party risk assessments and due diligence.

Responsibilities

• Identify and mitigate risks associated with third-party engagements.
• Collaborate with stakeholders for risk assessments and compliance.

Skills

Risk Management

Regulatory Compliance

Contract Review

Stakeholder Collaboration

GRC Software Administration

Education

Bachelor's Degree in Finance or Related Field

Certifications in Risk Management (e.g., CRISC)

Tools

GRC Software

Job description

NASA Federal Credit Union is seeking an experienced Third-Party Risk Specialist to identify and mitigate risks associated with third-party engagements. The role involves collaborating with stakeholders to perform risk assessments, due diligence, contract reviews, ongoing oversight, and quality assurance activities related to third-party relationships. The position requires thorough knowledge of risk management practices, standards, and regulatory requirements such as NCUA, FFIEC, PCI, and SOC, especially concerning third-party management and confidentiality protections.

Essential Duties and Responsibilities: include the following, along with other duties as assigned.

Level I:

• Adhere to Credit Union policies, procedures, and relevant financial regulations, including the Bank Secrecy Act and OFAC.
• Maintain knowledge of third-party risk regulations and ensure compliance documentation is complete.
• Support enterprise-wide requirements for due diligence, risk assessment, and oversight, aligning with policies and regulations.
• Collaborate to track, measure, report, and evaluate third-party risks and resiliency.
• Assist with governance, risk, and compliance (GRC) software administration, procedures, and training.
• Contribute to enterprise communications, reporting, and metrics for the Third-Party Risk Program.
• Identify conditions requiring risk exceptions, document, escalate, and retain approvals.
• Assist with contract and procurement process reviews, tracking, and execution.
• Support other risk management functions and projects as needed.
• Actively embody the organization’s core values.

Level II:

• Administer GRC software for third-party risk management, including procedures, training, and access control.
• Maintain comprehensive Third-Party Risk Program documentation, such as policies, metrics, and reports.
• Analyze conditions for risk exceptions, document, escalate, and retain approvals.
• Review contracts and provide risk mitigation recommendations.
• Ensure data accuracy and integrity in risk program reports and metrics.
• Collaborate with departments to improve procurement processes and mitigate risks.

NASA Federal Credit Union offers a comprehensive benefits package, including healthcare, 401(k), paid leave, remote work options, and more.