life insurance, parental leave, paid time off, paid holidays, tuition reimbursement, 401(k)
United States, Maryland, Rockville
Oct 12, 2024
Description
About Us
Capital Bank N.A. is headquartered in Maryland, and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $2 billion in assets. We offer commercial and consumer banking services to clients in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.
Come join a bank where our employees thrive and are engaged in meaningful work. For the last 4 out of 5 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.
Position Purpose
The Third-Party Risk Manager is the second line of defense leader responsible for assisting the Bank with the identification, onboarding, and ongoing due diligence compliance requirements for all Third-Party Vendors. The Third-Party Risk Manager ensures that Capital Bank meets regulatory requirements as defined in the Federal Financial Institutions Examination Council ("FFIEC") Manuals as well as the standards promulgated by the Office of the Comptroller of the Currency ("OCC") including but not limited to OCC Bulletin 2013-29, "Third-Party Relationships: Risk Management Guidance, and OCC Bulletin 2020-10, Third-Party Relationships: Frequently Asked Questions to Supplement OCC Bulletin 2013-29."
The Third-Party Risk Manager works with the Bank's senior leaders to identify business requirements; review the approved third-party vendor universe to identify whether an existing relationship can be expanded; send requests for proposal to appropriate outside third parties, when applicable; compile a scorecard of responses received; and present the final package to the Bank's Senior Leaders for their decision. The Third- Party Risk Manager is responsible for appropriately documenting the onboarding of the selected vendor on a risk adjusted basis in accordance with the Board of Director approved Third-Party Risk Management Program.
The Third-Party Risk Manager also ensures annual third-party due diligence requirements are completed timely. The Third-Party Risk Manager offboards those third-party vendors who are no longer approved or for whom the contracts are terminated, thus ensuring the entire third-party lifecycle is appropriately managed and timely completed. This position has visibility and access to the Bank's senior leaders and Executive Management. The successful candidate must be able to effectively communicate with each of these senior and executive leaders, as well as our third line of defense internal auditors and the Bank's federal regulators.
In addition to the leadership provided over the Third-Party Risk portfolio, the Third-Party Risk Manager will also assist the SVP, Enterprise Risk Management ("ERM") with the reporting packages for New Product and Services Committee, Enterprise Risk Management Committee, and the Board of Directors. This role also has an opportunity to assist the SVP, ERM with selected risk assessments throughout the year.
Position Responsibilities
- Leads the Bank's second line of defense Third-Party Risk Management Program ("TPRM")
- Ensures the Bank's Third-Party Program, Policy, Standards, internal controls, and workflows are designed on a risk adjusted basis in accordance with applicable regulations
- Defines Service Level Agreements ("SLAs") with the Third-Party Owners ("TPOs") and ensures that all internal SLAs are met
- Serves as TPRM Subject Matter Expert in ensuring that third party risk ratings are accurate and that the risk adjusted requirements for a successful onboarding are identified and clearly communicated with the TPOs at the beginning of the onboarding process
- Reviews all Third-Party documentation received from the TPO to ensure it meets the Board approved TPRM requirements and works directly with the TPO to timely address any documentation gaps or information requested but not yet received to successfully complete the onboarding program
- Ensures the Third-Party Risk workflow is followed and all other departments who need to review and approve the onboarding of the new vendor is completed within defined SLAs.
- Maintains a complete and accurate TPRM document repository with all up-to-date vendor documentation and information including contracts, agreements, assessments, insurance, scorecards, due diligence documentation, vendor policies and procedures, etc.
- Reviews the Third-Party Risk Analyst's data entry into the TPRM repository, and reviews all output to ensure data integrity and data completeness within the repository for each vendor
- Ensures that all ongoing annual due diligence and deadlines are communicated to the TPO well in advance, allowing sufficient time for vendor responses and TPO documentation to be received by the annual review deadlines
- Provide Third-Party Risk Reporting to the Bank's Enterprise Risk Management Committee and Board of Directors, as requested
- Champions TPRM throughout the organization including ongoing training to TPOs and monitoring of the changing regulatory landscape as it pertains to TPRM
- Responsible for ensuring that contract termination notification deadlines are communicated in advance to the TPOs and to ensure successful "offboarding" of vendors whose contracts are not renewed
- Works with the TPO to ensure contingency plans are in place for critical third-party vendors.
- Collaborates with the Chief Information Security Officer on Business Continuity/Disaster Recovery matters to ensure all critical and high-risk third-party vendors are included in the Bank's Disaster Recovery Plans.
- Participate on TPRM related projects.
- Other duties as assigned.
Minimum Education & Experience
- 5+ years in Third-Party/Vendor Risk Management within the Financial Services Industry, either as an employee or outsourced third-party risk manager required
- Bachelor's degree in accounting, finance, business administration, or related field
- Professional certification desired, but not required
- Subject Matter Expertise in Third Party Risk Regulations, including but not limited to OCC Bulletins 2013-29 and 2020-10, and the Federal Financial Institution Examination Council "FFIEC", required
- Familiarity with enterprise risk management frameworks, methodologies, etc desired, but not required
- Experience in managing a Third-Party Risk GRC platform
- Experience in partnering with senior leaders and Executive Management to execute on business requirements for third-party vendors to assist with the Bank's corporate strategic goals
- Experience in training on Third-Party Risk regulations, program requirements, and internal controls
- Experience in developing Board and Executive level Third-Party Risk reports and presentations
- Experience in all Microsoft Office suite of applications
Working Arrangements
- Open to remote or hybrid candidates dependent upon location.
- Hybrid role expected to work in office Monday, Tuesday, Thursday, and Friday. You will be able to work remotely on Wednesday.
Compensation:
- Base Salary Range: $102,412 - $153,619 annually. Final determination of where you are at in the salary range is based on numerous factors such as relevant experience, skill set, education, and ability to meet qualifications within the job description.
- Additional Compensation: This role will include a yearly annual target bonus based on individual performance.
Why Join Us?
- Join a growing company with a culture that fosters an entrepreneurial spirit
- Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more!
- Company Contributions to your 401k - Regardless of your contribution
- Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
- Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities
Supporting Businesses. Helping People. Strengthening Communities.
Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.
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