Third Party Management Job Description
Third party management
provides IS third party assessment support to internal clients and management in fulfilling the information security requirements associated with the Third Party Risk Management program of the bank.
Third Party Management Duties & Responsibilities
To write an effective third party management job description, begin by listing detailed duties, responsibilities and expectations. We have included third party management job description templates that you can modify and use.
Sample responsibilities for this position include:
Identify and implement improvements to operational aspects within Third Party Distribution
Assist senior management in developing and monitoring sales, revenue and expense budgets
Formulate process improvements based upon knowledge of the TPO program and input from Delivery Managers, Executive Sponsors and support teams
Act as the Project Manager and/or coordinator for special projects requested from external groups such as the CTPO team and from the Enterprise Tech TPMO Leads
Conduct ongoing competitive analysis and development of product positioning strategies delivered via participation in bi-weekly TPD sales calls and general inquiries from the various sales teams
Update and maintenance to standard data set elements assist with the maintenance and update of the standard report templates
Maintain and create updates to existing reporting and technology framework to reduce risk and enhance efficiency
Ensure uploads/links/notifications and related data sets are maintained and kept current
Oversee and manage the archiving evidence from both third party and CS
Tertiary qualifications in Wealth, Commerce, Banking or a related discipline
Third Party Management Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Third Party Management
List any licenses or certifications required by the position: CISA, CISSP, CTPRP, CIA, CPA, CRISC, CISM, SOC, CRVPM, ISA
Education for Third Party Management
Typically a job would require a certain level of education.
Employers hiring for the third party management job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Business, Management, Finance, MBA, Accounting, Economics, Education, Computer Science, Information Technology, Information Systems
Skills for Third Party Management
Desired skills for third party management include:
TPO standards
Risk management and control principles
MS Office
Regulations
Adhere to Flagstar’s internal compliance policies and procedures
Applicable techniques for implementation of regulatory requirements
Back Office role
Bank systems and financial regulations
Changes to the regulatory requirements to ensure proper compliance across the Third Party Management lifecycle
Data/information management
Desired experience for third party management includes:
Bachelor's Degree in MIS, Computer Science, Information Technology, MBA and / or Law degree
Strong understanding of online/mobile technologies and compliance / risk issues
Two years experience in online compliance in the banking industry
Three years management experience in the E-Business area in the financial industry
Experience with supplier management activities, best practices, trends and related internal controls and metrics
Preferred certifications may include CISA, CISSP, CRM, IAPP
Third Party Management Examples
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Third Party Management Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of third party management. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for third party management
- High level of motivation to achieve individual/ team targets
- Ability to build team culture by establishing, communicating and reinforcing enterprise values and sales goals
- Work with Information Risk Management (IRM) to protect Chase data by remediating any vulnerability
- Work with many LOBs to consolidate duplicate efforts on the vendor applications used by multiple LOBs
- Business analysis on projects, following SDLC – engaging business users, vendor contacts, and cross-impacted applications
- Work with Third Party Oversight (TPO) on monthly vendor scorecards and Service Level Agreements (SLAs) tracking
- Follow MBT SDLC procedures for all projects
- Complete all Audit action plans assigned on-time
- Manage and track all ITRC Breaks within timelines – working with business and vendors to ensure remediation is complete
- Assist manager in completing all Risk Assessments on-time, such as ACA, ARC, DCR Audits
Qualifications for third party management
- Increasing reliance on the expertise of the Head of TPRM in the face of increasing regulatory requirements relating to managing risk associated with with third parties
- Detail and results-oriented project manager
- Ability to manage competing priorities within deadlines
- Ability to work in a team under pressure
- Broad knowledge of IMD and Federation teams a plus
- 3-5 years work experience in the financial services industry, preferably within Asset Management
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Third Party Management Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of third party management. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for third party management
- Provide clear project guidance to customers, and collaborate among cross-functional teams
- Demonstrate the ability to manage multiple projects concurrently in an autonomous environment, generate and pursue ideas, and build strong internal and external relationships
- Be the expert – you will provide subject matter expertise in support of contract negotiations related to the information protection and business continuity control, and technical support services requirements
- Join a quick response team – you will conduct assessments of Partners’ and critical third parties’ controls (will require travel), some planned well in advance, and some on short notice
- Be an educator – you will assist Partners and critical third parties, third party managers, and/or Accountable Executives with understanding risks identified by IA TPM
- Be a communicator – you will present information and influence change at senior management level
- Be dependable – you will quickly analyse information security controls, produce clearly written assessments, and provide constructive action items to third parties
- Be a negotiator – you will ensure the business is able to move forward with industry leading technology and relationships all the while ensuring the safety and security of our customers’ data
- Be a change agent – you will identify and implement process improvements
- Be a superstar – you will present information and influence change at the executive management level
Qualifications for third party management
- The US Head of TPRM has full responsibility for all aspects of Country Third Party Risk Management and provides guidance as the SME for TPRM to all stakeholders in the First Line of Defense, including Businesses/user areas across in the US and Procurement
- Fiserv APL experience
- Master’s degree, Prior work experience in risk management and/or Financial services industry
- Associate's Degree in computer science, information systems, systems analysis, computer engineering, or related field / experience
- Strong experience working effectively in a fast-paced environment
- Familiarity with IT Risk Policies & Standards
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Third Party Management Job Description
Job Description Example
Our company is hiring for a third party management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for third party management
- Ensuring third-party document collection and processing requirements are adhered to per company, legal and regulatory requirements
- Ensuring outsourced originations processes being performed by third-party are in compliance and accordance to state and federal laws (TRID, RESPA, TILA, ECOA)
- Reporting to 3rd Party Service Manager
- Communicate third party risk to impacted internal stakeholders
- Responsible for the development and implementation of supportable and sustainable end to end processes to manage third party risks (PRE & POST Contract), taking into account the requirements of our Compliance, Finance, HR, Info Security and Legal colleagues
- Manage strategic third party relationships including governance, performance and “issue management” across multiple lines of business
- Assure third party risks are identified and managed throughout the sourcing lifecycle along with internal/external governance and relationship management
- Appropriately escalate non-compliance situations
- Oversee third party performance & metric definition, administration, and analysis
- Supports the SPM team through the process improvements, change management and governance to drive efficiency and effectiveness
Qualifications for third party management
- Familiarity with VMO Intake Process to get a statement of work from a vendor approved by sourcing and legal
- Familiarity with the management of third parties
- Familiarity with IT SDLC applications including ITSM, BluePrint, Sharepoint
- Bachelor’s degree or equivalent experience, or military experience
- At least three years of experience in Auto Finance Collections
- Project Management, Business Process Management
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Third Party Management Job Description
Job Description Example
Our company is looking for a third party management. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for third party management
- Implement and manage end-to-end framework for managing internal and external audit requirements
- Data quality management and oversight over the TPRM technology solution (currently RSA Archer – TERA)
- Report creation, scheduling and escalation in support of the DQ function
- Systems business analysis in support of all functionality including trouble shooting and identified weaknesses
- System business analysis in support of desired and ongoing systems enhancements
- Producing both business requirements and technical specification in support of the platform
- Designing and implementing configuration and programming changes in the test environment
- Creation and delivery customization and coding changes to the change management process
- Troubleshooting systems issues with users and stakeholders as necessary
- Engage with providing coverage for the TPRM workflow as needed
Qualifications for third party management
- Undergraduate degree or equivalent, desirable
- CISA, CISM, CRISC and other relevant certifications
- A bachelor’s degree is the minimum educational requirement
- At least 5 years prior experience in third party or operational risk (2nd line of defense) and a process management capacity at a financial institution
- University degree in Tourism, Business Administration, Management ( minimum bachelor)
- Minimum subject-matter/technical expertise
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Third Party Management Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of third party management. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for third party management
- Coordinate in other projects carried out by the employer such as process consolidations, migrations, ERP enhancements
- Able to lead projects in the area of process improvement, risk, audits, system updates
- Workload management abilities, plan, organize, coordinate and monitor the work of peers and provide substantive support to team members
- Able to lead medium teams
- Keeping current with third-party risk management practices and regulatory trends in order to identify program gaps and recommend enhancements
- Develop strategies to integrate change, especially behavioral change, throughout the organization
- Work with various process owners to create and update process documentation, flowcharts, and process risk assessments
- Understand the workflows and key redesign levers and ensure appropriate and consistent benefit KPIs are in place for each process
- Provide additional analytics support for business decision making and act as a consultant at the program level to provide recommendations to the CVM leadership team, based on data, analysis, and business implications
- Develop good understanding of the systems and their capabilities
Qualifications for third party management
- Managing a panel of existing intermediary clients and driving new business growth
- Working with intermediaries including IFAs, Dealer Groups, Accountants and Stockbrokers, to source and grow business and relationships with these groups
- Strong Business Development Manager or Sales Management experience in the Wealth Management industry
- Experience working with Dealer Groups/ Independent Financial Advisors (IFA) or as one will be highly regarded
- Sound knowledge of Superannuation and Financial Planning
- Excellent communicator and diplomatic negotiator, with an ability to exercise influence across all levels of the organization