Director, Third-Party Risk Management

Job Description

Job Description

Amalgamated Bank is seeking a Director of Third-Party Risk Management who will be responsible for applying, collaborating, and supporting the Third-Party Risk Management Program strategic vision in execution of the day-to-day functions as it applies to Amalgamated Bank response to its customers, partners, and regulators. The Third-Party Risk Management Program ensures that new and existing third parties are assessed and meet established Information Security, Compliance, Operational Risk, and Reporting guidelines.

By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

1. Strategy: Oversee and support the Bank's Third-Party Risk Management Program & Framework. Ensure adherence to appropriate and relevant Supervisory Guidance. Ensure appropriate oversight for all policies, procedures and preparation for Audits and Supervisory Reviews.
2. Execution: Manage the Bank’s Third-Party Risk Management platform, including but not limited to: management of the third party and chain sourcing inventory, review and approval of internal questionnaires, email management, program management, system configuration, user management, development and maintenance of Program policies and procedures.
3. Collaboration: Assisting Relationship Owners and Third Party’s with accessing the Third-Party Risk Management platform, setting expectations on the process, and ultimately facilitating the process to onboard third parties for use.
4. Training : Educate Bank staff (e.g. Relationship Owners) on the importance of Third-Party Risk Management, the Third-Party Risk Management Lifecycle, and usage / navigation of Third-Party Risk Management Platform. Using Key Performance Indicators (KPls) and Key Risk Indicators (KRls), including Service Level Agreements and risk ratings, proactively monitor performance of the Program, escalating issues to management as appropriate.
5. Communication: Facilitate regular communication concerning third party performance and risk trends to relevant committees, relationship owners, senior/executive management, and executive sponsors. Develop, establish, and report metrics data around third-party risk management activities on a regular cadence and/or as needed.
6. Process Improvement: Actively engagement Program constituents (e.g., relationship owners, senior management, and executive sponsors) across the Bank to identify process improvements, develop and design agreed upon improvements, and promote efficiencies within the Program where necessary.
7. Partnership: Acts as a liaison between internal/external auditors of the Third-Party Risk Management Program, providing requested data, reporting, KRIs/KPIs, and policies, and procedures upon request.

Knowledge, Skills and Experience Requirements :

Required:

• Bachelor’s degree or equivalent experience
• Minimum of five years of experience in financial services, consulting services, information security, risk management, or audit role.
• Two years direct experience in Third Party Risk Management, assessment, governance, procurement, or related experience.
• Advanced knowledge of Microsoft applications (Excel, PowerPoint, Word, Teams, etc.). Ability to communicate information clearly and concisely, both verbally and written, with Relationship Owners, Executive Leadership, and Third-Party partners.
• Ability to work independently and manage staff (as needed).

Desired:

• Knowledge of project management and the project management lifecycle
• Experience in supervising and training staff members
• Basic contract management experience, inclusive of reviewing contracts and understanding contract terms and language.
• Experience in developing performance and risk-based metrics, such as KPIs and KRIs.

Our job titles may span more than one career level. The starting base salary for this role is between $125,000.00 – $140,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.

Search Firm Representatives- Please Read Carefully
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.