Vendor Risk Management Lead, Third-Party Compliance

Phyton Talent Advisors; Red Bank (NJ); On-site; USD 90,000 - 150,000; Full time

Job summary

The Third-Party Risk Management professional at Phyton Talent Advisors will support assessment and oversight of TPRM within a Bank’s Operational Risk program. The role focuses on evaluating third-party relationships, monitoring vendor performance, and analyzing risk data to align with regulatory requirements.

Responsibilities include risk assessments, RCSA support, KRIs, incident tracking, and risk reporting to stakeholders across the three lines of defense.

Qualifications

• Strong knowledge of TPRM practices and frameworks.
• Experience with vendor risk management platforms and documentation.
• Understanding of regulatory guidance related to third-party risk.

Responsibilities

• Manage third-party risk assessment and vendor monitoring processes.
• Evaluate vendor performance and identify remediation needs.
• Develop KRIs to monitor risk exposure and trends.
• Prepare risk reporting for boards and senior management.
• Provide guidance on vendor risk policies and platform usage.
• Collaborate with risk teams across three lines of defense.

Skills

TPRM practices

Vendor documentation

Remediation & issue mgmt

Operational Risk Mgmt

Issues management

Risk testing

Inherent/residual risk

TPRM platforms

Regulatory knowledge

Analytical skills

Tools

MS Office

Job description

The Third-Party Risk Management professional at Phyton Talent Advisors will support assessment and oversight of TPRM within a Bank’s Operational Risk program. The role focuses on evaluating third-party relationships, monitoring vendor performance, and analyzing risk data to align with regulatory requirements.

Responsibilities include risk assessments, RCSA support, KRIs, incident tracking, and risk reporting to stakeholders across the three lines of defense.