CFSB · 3 hours ago
AVP, Third Party Risk Manager
New York, NY, US
Full-time
Onsite
Mid, Senior Level
$125K/yr - $140K/yr
5+ years expCommunity Federal Savings Bank (CFSB) is a federally chartered bank focused on providing superior service and added value to clients through relationship banking. The Third-Party Risk Manager oversees the performance, compliance, and risk monitoring of third-party service providers, ensuring they meet contractual service levels and regulatory expectations.
BankingCommunitiesFinancial ServicesLending
Responsibilities
Performance Oversight: Monitor SLAs/KPIs, trend service quality, and drive corrective actions; lead monthly/quarterly vendor business reviews
Onboarding Coordination: Coordinate risk-aligned onboarding activities (e.g., information security due diligence, privacy review, resiliency checks, financial viability) and confirm artifacts are complete prior to production use
Issue & Escalation Management: Log, track, and remediate vendor incidents, service disruptions, or control gaps; manage formal corrective action plans and timelines
Documentation & Audit Readiness: Maintain current vendor profiles, due‑diligence evidence, performance reports, and monitoring records; ensure artifacts are audit‑ready and meet retention requirements
Stakeholder Partnership: Collaborate with TPRM, InfoSec, Privacy, Compliance, Legal, Procurement, Business Continuity, and Business Owners to align vendor activities with policy and regulatory expectations
Spend & Value Tracking: Analyze vendor spend and performance trends to identify optimization opportunities and quantify value delivered
Reporting: Prepare dashboards and status updates for management committees (e.g., Risk Committee, Operations Governance) highlighting performance, incidents, and emerging risks
Risk Identification & Assessment: Support risk assessments covering operational, cybersecurity, data privacy, compliance, financial viability, concentration, geographic, and fourth‑party risks
Continuous Monitoring: Execute ongoing monitoring aligned to the bank’s TPRM framework (e.g., SOC 1/2 reviews, penetration test summaries, vulnerability management, control attestations, business continuity exercises, incident notifications)
Regulatory Alignment: Operate in accordance with interagency third‑party guidance and bank policy—e.g., FFIEC, Federal Reserve, OCC, FDIC expectations; ensure appropriate oversight of subcontractors/fourth‑parties and cloud/service providers
Issue Management & Remediation: Drive timely closure of exam/audit issues related to vendors; document evidence and status for internal/external stakeholders
Qualification
Required
Bachelor's degree in Business, Finance, Risk Management, Law, or related field
5+ years in vendor management, third‑party risk, operations risk, or related banking functions
Familiarity with financial services industry risks and regulations
Proficiency with vendor risk platforms (e.g., TPRM/GRC tools), data analysis, and dashboarding
Ability to present complex analysis with clarity
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) or related software
Capability to work independently and collaboratively in a team environment
Excellent verbal and written communication skills
Strong interpersonal skills
Strong understanding of banking regulations, especially those related to payment processing, issuing, and settlement (e.g., BSA/AML, OFAC, Reg E)
Knowledge of risk management principles and frameworks, particularly in fintech partnerships and program management
Excellent analytical skills, with the ability to assess complex processes and identify potential risks or areas for improvement
Strong communication and relationship-building skills, with the ability to collaborate effectively with internal and external stakeholders
Detail-oriented, with a strong focus on accuracy, compliance, and continuous improvement
Ability to work independently and prioritize multiple tasks in a fast-paced environment
Preferred
Master's degree or professional certification (e.g., CRCM, CAMS) is a plus
Preffered certifications: CTPRP/CTPRA (Shared Assessments), CRVPM, CRISC, CRCM
Company
CFSB
Founded in 2001, CFSB is a full-service payments, lending and banking provider that delivers global financial services through a personal approach.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Estee Stern
SVP, Chief Information Officer and Chief Technology Officer
Nick Grove
SVP, Chief Compliance Officer / BSA Officer
Recent News
Fintech Nexus
2023-12-28
2023-12-28
Credit Union Times
2023-12-28
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