Job Title: Vice President, Third Party Compliance
Job Responsibilities:
The Vice President for Third Party Compliance at the company will be responsible for providing compliance oversight of third-party vendors engaged by the company. This role involves a variety of tasks aimed at managing and mitigating compliance risks associated with third-party vendors. Key responsibilities include:
- Reviewing inherent risk assessments for vendors to evaluate potential compliance risks and determine the necessary level of compliance due diligence.
- Establishing tailored due diligence questionnaires for vendors, incorporating relevant sections of the company's Compliance due diligence questionnaire based on the services provided.
- Drafting written summaries assessing the adequacy of controls evidenced through information and documents provided by vendors.
- Collaborating with vendors to obtain additional information or documentation of controls to mitigate risks associated with their services.
- Working with the company's Third Party Oversight and Third-Party Operations teams to establish additional controls at certain vendors as a condition of engagement or to establish additional controls at the company related to the services provided by such vendors.
- Participating in Third Party Risk Management oversight groups and escalating any vendor-related issues.
- Maintaining written procedures and guidance aligned with the company's third-party oversight policy and standards, including due diligence and ongoing monitoring.
- Working with the Third-Party Oversight team on continuous enhancements to the third-party risk management framework to ensure it meets regulatory expectations and industry best practices.
- Staying informed about the changing regulatory landscape as it pertains to the services provided by third parties.
Education and Experience Information:
The position requires a Bachelor's Degree, with a JD, MBA, or other advanced degree being a strong plus but not mandatory. The candidate should have a minimum of 10 years of prior experience in regulatory, compliance, and/or risk management. Experience in financial services with strong knowledge of products and services offered by global banks, such as lending, deposits, securities trading, and swaps, is essential. Prior experience in a third-party risk management role, including conducting due diligence and knowledge of industry practices for managing risks posed by third-party vendors, is necessary. Additionally, the candidate should have the ability to assess compliance risks posed by third-party vendors and the adequacy of their compliance controls and design remedial actions as necessary. Strong knowledge of . banking laws and regulations is preferred, and familiarity with . securities and swap dealer regulations is a plus.
The role requires the ability to manage multiple projects simultaneously, re-prioritize workloads as necessary, demonstrate strong judgment, political astuteness, and sensitivity to cultural diversity. The candidate should also have the ability to drive change and build consensus with relevant stakeholders, possess strong analytical skills to understand project goals and interpret them into meaningful action, and have strong interpersonal and communication skills (both written and verbal) to successfully interface with all levels of management and maintain solid working relationships in a collaborative group environment.
Salary Information:
The anticipated salary range for this role is between $144, and $180,. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, the company offers a competitive portfolio of benefits to its employees.
Additional Information:
The Vice President for Third Party Compliance will report to the Director, Third-Party Compliance program lead and will be an individual contributor. The role is based in Jersey City, NJ, US, 07311, and is a full-time position with a requisition ID of 5325.
The company’s employees participate in a Hybrid workforce model, providing an opportunity to work from home as well as from a company office. Employees are required to live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during the interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
The company provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let the company know.
