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T. Rowe Price Singapore · 10 hours ago

Director, Third Party Risk Management

Baltimore, MD

Full-time

Hybrid

Senior Level, Lead/Staff

$143K/yr - $245K/yr

10+ years exp

T. Rowe Price is a premier global asset management organization with over 85 years of experience, providing investment solutions to clients. They are seeking a Director of Third Party Risk Management to oversee and mature the firm’s TPRM program, ensuring alignment with regulatory expectations and risk appetite.

Financial Services

Responsibilities

Serve as the firm’s subject matter expert on third-party risk management

Contribute to the development and execution of the firm’s TPRM strategy, roadmap, and target-state operating model

Lead the build-out and continuous improvement of a 2LoD TPRM function following outsourcing of due diligence and periodic reviews

Define and maintain TPRM policies, standards, risk methodologies, and oversight frameworks aligned with regulatory expectations and industry best practices

Ensure alignment of the TPRM program with enterprise risk appetite and governance structures

Lead assessment of emerging third party risks and technologies, including AI, and integrate findings into TPRM strategy, governance, and executive reporting

Provide independent oversight and effective challenge of outsourced TPRM service providers, including due diligence execution and ongoing monitoring

Oversight of monitoring activities related to SLAs, KPIs, quality assurance standards, and performance metrics for outsourced partners

Report on systemic control gaps, concentration risk, and emerging third-party risk themes across the vendor population

Escalate material third-party risk issues and control deficiencies through appropriate governance and risk committees

Design and deliver executive and board-level reporting on third-party risk, including trends, emerging risks, and risk appetite breaches

Lead TPRM-related regulatory exams, internal audits, and management assurance activities

Ensure TPRM documentation, evidence, and reporting are audit- and exam-ready

Partner with Enterprise Risk, Compliance, Legal, Information Security, Procurement, and Technology while maintaining 2LoD independence

Provide leadership, guidance, and technical mentorship to TPRM risk analysts and managers

Establish clear roles, responsibilities, and RACI alignment across 1LoD, 2LoD, and outsourced providers

Drive adoption of data-driven, AI-enabled reporting and analytics to enhance risk insight and oversight efficiency

Promote a strong risk culture and consistent application of third-party risk standards across the firm

Qualification

Third Party Risk ManagementRegulatory ComplianceRisk GovernanceTPRM Program DevelopmentData VisualizationAI IntegrationOperational RiskLeadership SkillsCommunication SkillsStrategic MindsetMentorshipCollaboration

Required

Bachelor's degree in Risk Management, Information Systems, Finance, Business, Law, or a related field

10+ years of experience in third-party risk management, operational risk, or compliance, with significant experience in a 2LoD capacity within financial services or asset management (or other industry subject to equivalent regulatory scrutiny)

Demonstrated experience designing, implementing, or maturing a TPRM program, including oversight of outsourced or co-sourced models

Deep understanding of regulatory expectations for third-party risk (e.g., SEC, FINRA, global regulators)

Proven ability to operate as a trusted expert and strategic advisor to senior leadership

Required Certifications (at least one): Certified Third Party Risk Professional (CTPRP), Certified in Risk and Information Systems Control (CRISC), Certified Information Systems Auditor (CISA)