VP Third-Party Risk Management (Banking)

Location: Salt Lake City, Utah, United States; hybrid schedule with three days per week in the office.

Company

Newly formed bank developing customer-focused auto finance and deposit products.

What you will do

• Design, implement, and maintain the third-party risk management framework, including relationship inventories, risk assessments, due diligence, contract oversight, and ongoing monitoring.
• Monitor affiliate transactions for compliance with Federal Reserve Regulation W.
• Report third-party relationship quality, sustainability, risk indicators, limits, thresholds, and risk appetite to the Board of Directors, executives, auditors, and regulators.
• Define escalation processes for audit findings, financial deterioration, security breaches, data loss, service interruptions, compliance lapses, and customer complaints.
• Partner with Compliance, Information Security, business lines, auditors, and regulators to assess controls, service-provider performance, operational resilience, and contractual obligations.
• Integrate third-party risk management with the enterprise risk management program.

Requirements

• 10+ years of experience in risk management, auditing, or banking regulation.
• 7–10 years of management or leadership experience.
• 5–7 years of third-party management experience at a US federally regulated financial institution.
• Subject matter expertise in third-party risk identification, criticality assessment, controls testing, Interagency Guidance on Third-Party Relationships, the FFIEC Third-Party Oversight handbook, and Regulation W.
• Bachelor’s degree in Finance, Economics, Mathematics, Business Administration, Business Analytics, MIS, or another quantitative field; equivalent experience may be considered for non-quantitative degrees.
• Strong presentation, communication, collaboration, prioritization, and deadline-management skills.

Culture & Benefits

• Flexible hybrid work environment.
• 401(k) matching and benefits available from day one.
• 12 weeks of fully paid bonding leave for new parents.
• Training, employee auto discount, community service pay, and nine company holidays.
• Culture focused on innovation, integrity, community, and belonging.