City National Bank · 2 weeks ago
Third Party Risk Management Lead
Jersey City, NJ
Full-time
Onsite
Senior Level
$99K/yr - $176K/yr
7+ years expCity National Bank is a subsidiary of Royal Bank of Canada, founded in 1954 to support entrepreneurs. The Third Party Risk Management Lead is responsible for defining and implementing a risk framework and overseeing third party risk management services across the enterprise, ensuring compliance with regulatory guidance and effective risk management practices.
BankingFinanceFinancial Services
Responsibilities
In partnership with the TPRM Program Manager, develop a successful implementation plan consisting of:
Assist with the development and execution of an TPRM risk framework, policies and procedures
Direct assessments on key controls and overall compliance with the TPRM program, including the timeliness, completeness, and accuracy of risk assessments
Provide risk-consulting serves to first line third party risk managers for complex arrangements
Develop risk analysis and reporting, including risk metrics, for dissemination to both first line of defense (technology) leadership, risk management committees, CNB’s parent holding company, and CNB’s regulators
Streamline processes for risk identification and assessment, control assessment, testing and issue management
Lead continuous improvement activities and initiatives for TPRM, working with stakeholders, subject matter experts, and analysis of exception reports to define issues, determine root cause, and determine appropriate changes
Identify and assess requirements for CNB’s GRC system to increase automation, and process effectiveness and efficiency
Responsible for reviewing SSAE 18 reports for CNB’s third parties and evaluate for completeness, appropriateness, and assess impact to CNB on findings and exceptions to support CNB’s Sarbanes Oxley, FDICA, and SOC programs
Manage coordination of assignment of resources based on demand and capacity, and required subject matter expertise, including augmenting internal staff with external resources as necessary
Ensure appropriate escalate of issues to first line and senior management as required
Qualification
Required
Minimum of 7 years of third party risk management, assurance and / or oversight or relevant supplier or third party audit or compliance experience
Minimum of 4 years of experience in risk and controls for information technology and cybersecurity, appropriately scoping assessments, providing credible challenges, and performing assurance testing
Minimum of 4 years working with a GRC system, incorporating continuous improvement for the system and process
Preferred
Comprehensive knowledge of third party and information technology risk management processes and methodologies
Experience using third party risk management /Governance, Risk and Compliance (GRC) systems
Experience assessing contracts, including master service agreements, statements of work, and license agreements
Experience assessing cloud servicing arrangements
Knowledge of and experience in designing and operating governance, frameworks and processes to comply with vendor management / third party risk management related regulatory requirements, guidance and oversight (OCC 2013-29, Fed SR 13-19 or other relevant third party risk management / vendor management regulation applicable to the financial services industry)
Currently hold or quickly obtain industry recognized third party risk management or vendor management certification
Excellent oral and written communication skills; experience performing both detailed and executive-level documentation
Advanced knowledge of Microsoft Office tools; specifically, Excel, PowerPoint and SharePoint
Experience with reporting platforms such as Tableau, SQL scripts, and Microsoft SSRS desirable
Benefits
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
Recent News
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