Position Overview:

Our Fortune 200 Client’s IT Risk Advisory (ITRA) Department is looking for an experienced risk professional to support and lead a team on the 1st line Third Party IT Risk Management team that will assist with the maturity, implementation and execution of an IT third party risk management program. Areas of support will include Risk Advisory, Risk Assessment, Third Party IT Risk Management, and compliance with associated Polices and Standards. This position requires that the applicant have a solid understanding of risk assessments, risk frameworks, operational risks, the third party risk lifecycle (including the review of supplier risk assessments and documentation, ) and the execution of risk management processes and governance within a large institution.

Client Culture, Benefits, Opportunities, and Work/Life Balance:

As for the client, this client provides an excellent work/life balance and a great benefits package. The client has excellent health, dental, std, ltd, etc. benefits and also offers a great match on the 401k with a 1 to 1 match up to 6% and a free 2.5% contribution, as well as $9,000 in student loan forgiveness, $12,000 in home-buyers assistance, onsite fitness center and university, as well as free parking and tremendous room for growth! There are also great reimbursements and contributions for certifications or additional degrees.  This person will get great exposure, a great culture and working environment, and has excellent growth opportunities from within, as their ITRA group is growing fast, as well as opportunities around IT Risk & Controls, Cyber Security, and Privacy, and positions at the business unit level, are also growing and promotion can happen through those routes as well.

Our Impact:

Information Technology Operational Risk Management is responsible for providing oversight of operational risks associated with all operating activities of Information Technology division. The primary responsibilities of IT Operational Risk include providing risk management, risk advisory and third party IT risk management, regulatory liaison, and policy/standards governance for the Information Technology division. This could include supporting the review of and compliance with divisional policies and standards, defining and implementing risk management frameworks, monitoring and reporting risks and risk response, performing risk reviews and evaluations, and driving continuous improvement of risk management capabilities across IT. IT Operational Risk is led by the Vice President, IT Operational Risk & Governance.

IT Risk Advisory’s Third Party Risk function supports the effective assessment and IT-related review of third parties that support the organization as well as the management of third party risk for the IT division.

Your Impact:

The IT Third Party Risk Lead will be responsible for supporting the execution of IT Third Party Risk Management program functions including:

Risk Assessment and Identification

• Perform third party IT risk assessments to reassess current risks and to identify emerging key risks (operational, compliance, technology, third party, etc.); Identify and assess control effectiveness and/or gaps through the review of key vendor-provided documentation (SIG, SOC 2 Type II, Vulnerability Scans, Penetration Tests, etc.)
• Provide Subject Matter Assessor expertise to support the review of key inherent information and technology risks associated with a product or service
• Identification, understanding and management of operational information and technology third party risks
• Apply sound judgment in evaluating risks and controls; effectively challenge the business on the identification and acceptance of risks and the adequacy of controls.
• Perform risk assessments to reassess current risks and to identify emerging key risks (operational, compliance, technology, third party, etc.); Identify and assess control effectiveness and/or gaps.

Risk Advisory and Communication

• Advise the IT “customers” on means and methods to drive remediation of risk related issues and operational events
• Advise Enterprise Supply Chain contracting SMEs as needed to ensure alignment of relevant contract clauses with corporate Information Security standards
• Provide mentorship to team of risk professionals

IT Third Party Risk Program

• Support the maturity and execution of the division’s Third Party IT Risk Management program
• Support monthly reporting of IT risk metrics and data
• Providing transparency of risk exposures through implementing sound reporting for risk-based decision making
• Identify, assess and communicate risks as required for periodic third party assessments

Qualifications:

• Bachelor’s Degree or equivalent work experience
• 5-7 years of experience working with risk management – methods and techniques for the assessment and management of risk (including key third-party risks.)
• Ability to operate as a self-motivated, pro-active, and result-driven problem solver with excellent analytical and interpersonal skills
• Ability to understand IT business processes, management objectives, risk appetite and tolerances and impact of changes to risk profiles
• Experience in IT governance and controls, including governance frameworks, COBIT, FFIEC, COSO, ISO-31000, etc.

Keys to Success in this Role:

• Self-starter and self-motivated.
• Ability to work & collaborate efficiently in a team environment.
• Has the ability to apply risk based approach to prioritize work.
• Ability to communicate clearly, optimally, persuasively with technology and business partners.
• Motivated to learn new technologies and identify process improvements and efficiencies.
• Ability to adapt to change while continuing to deliver on assigned objectives.
• Current employees please apply through the internal career site.