Third-Party Risk Management (TPRM) Manager
Horizon Farm Credit, ACA

Bel Air, Maryland

Posted in Banking

$93,000.00 - $116,300.00 per year


This job has expired.

Job Info


JOB DESCRIPTION

Join our dynamic team as a Third-Party Risk Management (TPRM) Manager and play a pivotal role in safeguarding our company's integrity while driving innovative risk solutions in a collaborative and growth-oriented environment.

Overview

Horizon Farm Credit is actively seeking a Third-Party Risk Management (TPRM) Manager to join our team. Qualified candidate may work in any available Horizon Farm Credit branch. To view locations, click here Locations | Horizon Farm Credit . This position is eligible for a hybrid work schedule. Our ideal candidate is an experienced, analytical, detail-oriented individual with a passion for third-party risk management.

Position Description: Join HFC as our Third-Party Risk Management (TPRM) Manager and lead the charge in optimizing our Third-Party Risk Management (TPRM) program. In this pivotal role, you'll set policy and governance, and provide risk advisory, balancing risk with business opportunities. You'll also oversee third-party risk and control assessments, ensuring our operations run smoothly and securely. Additionally, you'll manage procurement functions related to operational vendors, including preparing RFPs, RFQs, and handling contract/pricing negotiations. Be a part of a forward-thinking team where your expertise will drive innovation and safeguard our company's integrity.

Key Responsibilities

As the Third-Party Risk Management (TPRM) Manager at HFC, you will:

  • Maintain a risk-based framework for TPRM, prioritizing critical vendors that pose the greatest threat to HFC's business objectives.
  • Provide thought leadership to continuously improve and streamline the framework, aligning with risk vs. reward principles and applicable laws and regulations.
  • Maintain a comprehensive inventory of third-party vendors, cataloged by commodity, engagement, service criticality, risk, and other key attributes to oversee critical vendors supporting essential business processes.
  • Conduct risk-based due diligence across key areas, including information security, geographical factors, compliance, financial viability, and resilience.
  • Implement ongoing monitoring capabilities to track changes in vendors' risk profiles, regularly reviewing and updating risk assessments based on changes.
  • Develop clear and concise reports highlighting key risk metrics and insights for business leadership, facilitating informed decision-making and heightened awareness of potential threats.
  • Proactively identify and escalate risks associated with vendor concentration and dependencies, as well as risks from fourth-party relationships, ensuring appropriate actions are taken to mitigate exposures, including adequate contingency planning.
  • Develop and deliver educational, awareness, and training programs to enhance understanding of third-party risks among key stakeholders and business leadership, empowering them to make risk-informed decisions.
  • Manage and develop correspondence with vendors regarding RFPs, RFQs, pricing and contract negotiations, and contract/service management.
REQUIREMENTS
  • Bachelor's degree in IT, Business Administration, or related field.
  • Generally, 5 or more years of related experience within Insurance, Banking, or Asset management is preferred.
  • Strong understanding of the TPRM life cycle, including vendor onboarding, due diligence, ongoing monitoring, and offboarding.
  • In-depth understanding of third-party vendor risks, including cyber, operational, and financial risks.
  • Strong leadership skills with the ability to influence, motivate, and lead others, including those in other departments.
  • Ability to discern and measure business-relevant risk from third-party risks and issues, and to identify cost-effective remediation options.
  • Excellent oral and written communication skills for communicating to management, internal audit, and user community.
  • Ability to identify regulatory compliance gaps within internal guidance (policies and procedures).
  • Strong organizational skills, problem-solving skills, project management skills, and the ability to adapt to a changing work environment and work independently.
  • Adaptable and flexible to a changing work environment.
  • Prolonged periods sitting at a desk and working on a computer.
  • Ability to travel to/from HFC branch offices, associations, AgFirst, or other facilities as deemed necessary.
  • Regular, predictable, and reliable attendance is required.
Who are we?

Horizon Farm Credit is an expert in agriculture, with over 100 years of serving rural America. As a premier rural lender, we're constantly growing and seeking new members for our team. As part of the Horizon Farm Credit team, you have the opportunity to make a difference for agriculture and rural communities.

What can we offer you?

We offer competitive compensation and benefits packages for full-time employees including:
  • Medical insurance with dental and vision care options
  • 401 (k) with significant employer matching
  • Paid time off, holidays, and volunteer time to support work/life balance
  • Tuition reimbursement and training opportunities
  • Student loan reimbursement
  • Leadership and career development opportunities
  • Paid maternity and bonding leave
  • Paid short-term disability
  • Fun and inclusive work environment
Salary range: $93,000 - $116,300 depending on experience.

Equal Opportunity Employer including veterans and individuals with disabilities.


This job has expired.

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