Third Party Risk Manager at Seacoast Bank in Tampa, Florida

Job Description:

Since opening our doors in 1926, Seacoast Bank has embraced a visionary approach to the future while remaining true to our local roots and family values. Based in Stuart, we are one of the largest publicly traded banks headquartered in Florida.

We believe that our greatest assets will always be our people — local bankers who are knowledgeable about the communities we serve and dedicated to providing an exceptional customer experience.

We offer exciting and challenging opportunities in an environment that supports diversity, enabling associates across the organization a greater sense of empowerment to create change for the better. This is evident in our American Banker “2020 Best Banks to Work For” and “Best Places to Work for LGBT Equality” by the Human Rights Campaign designations.

JOB SUMMARY:

Seacoast Bank’s Third Party Risk Management (TPRM) program has the main purpose of properly assessing the risks of potential new Third Parties and managing the post-award life cycle of contracts.  The Third Party Management area is responsible for working with all department leaders and business partners to identify and assess the initial inherent risks of Third Parties and to ensure that appropriate risk assessments are completed and that the contract and ancillary risk assessment documents are collected and reviewed per regulatory guidance.  TPRM is also responsible for maintaining and updating the TPRM Policy as needed, and providing assistance in the review of Third Party controls to determine the residual risk to our company, through initial and ongoing due diligence measures.

QUALIFICATIONS:

• Master’s Degree preferred OR Bachelor’s degree required with equivalent work experience.


• Minimum six years of experience in one or more of the following: Operational or Third Party Risk with strong understanding of Third Party Risk Management in a financial services company.


• In-depth knowledge of Third Party risk domains to include Information Security, Technology, Operations, Financial, BSA/AML, Model, Fourth Party and Reputational Risks.


• Excellent understanding of and experience with the finance industry's regulatory requirements for the managing of Third Parties (OCC, FFIEC, Fed, etc.).


• Strong experience in contract reviews, negotiations and developing SLAs in collaboration with legal counsel and key internal stakeholders.


• Knowledge of SOC1 Reports to include Complementary End User Controls, as well as SOX Compliance Requirement as it applies to Third Parties.


• Ability to connect the dots and make logical or implied connection between data and/or information to produce consistent and successful outcomes as well as anticipate next steps.


• Strong interpersonal skills and ability to communicate effectively with business partners


• Strong writing skills and presentation skills.


• Ability to manage issues through to resolution.


• Ability to successfully multitask and complete difficult assignments within deadlines which may have short lead times.


• Strong business analysis and problem-solving skills.


• Demonstrable professional integrity and a strong work ethic.


• Ability to maintain confidentiality.


• Ability to work autonomously and produce consistent results.


• Strong knowledge of Microsoft Office Suites, especially Microsoft Excel.


• Experience with Third Party Risk Management Platforms such as VendorInsight, Archer, Process Unity, Metric Stream.


• Supervisory experience.

ESSENTIAL JOB FUNCTIONS:

• Responsible for the day to day management of the select Third Party portfolios and related processes.


• Manages Third Party relationships with minimal supervision and coaching through the Risk Management Lifecycle (Planning and Onboarding, Risk Assessment, Due Diligence, Contract Review and Negotiation, Contract Award, On-Going Monitoring and Termination).


• Understand and challenge risks associated with onboarding or continuing Third Party engagements. Requires natural ability to develop strong relationships with Lines of Business leaders to ensure visibility to and understanding of key Third Party risk areas.


• Collaborates with Line of Business leaders to assess and mitigate risk for all Third Party relationships based on services being provided. Will also ensure that the appropriate risk assessments have been completed, and are responsible for quality control and assurance and/or credible challenges of those assessments and proper documentation is in place to meet Policy requirements.


• Works directly with business leaders to coordinate due diligence efforts on Third Parties.


• Performs appropriate and timely follow up of outstanding items for all new and existing Third Party relationships.


• Actively participates in contract reviews, negotiations, and develop SLAs in collaboration with legal counsel and key internal stakeholders.


• Coordinates the review and proper execution of all contracts and ancillary documents required and ensures these documents are stored in the appropriate repository. 


• Develops Ongoing Monitoring (OGM) plans in alignment with TPRM policy for newly onboarded Third Parties and ensures Business Owners are executing OGM plans for existing engagements.


• Monitors expiration dates and prepares contract extensions as needed; assists with external counsel coordination.


• Partners with Internal Audit and Business Owners to complete SOX Compliance Requirements for relevant Third Parties.


• Maintains and reconciles Third Party inventory in coordination with Accounts Payables Third Party set up and payment reports.


• Utilizes analytics and data concepts to manage reporting and drive continuous improvement activities across the Program.


• Lead special projects as requested.


• Performs other duties as assigned.


• Supports Director in preparation and delivery of regulatory exam items and discussions.

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