Sr. Third Party Risk Analyst
Company: Flagstar Bank
Location: Troy
Posted on: April 15, 2024
Job Description:
The Sr Third-Party Risk Analyst will support the Third-Party
Risk Management Program to effectively manage third-party risk in
accordance with internal policy, regulatory requirements and
stakeholder needs. This position will do this by: building and
maintaining policy and process to align with and support compliance
with regulatory requirements and guidelines (OCC, FFIEC, FDIC,
etc.) and internal Bank policies and procedures, support Coupa Risk
Assess system optimization, controls, and data quality assurance,
and the maintenance of procedures, desk guides/reporting and
training/presentation materials. The Sr Third-Party Analyst will
also be responsible for facilitating and assessing accurate third
party information captured during due diligence; performing ongoing
risk monitoring; supervising business unit ("BU") completion of the
third party's performance through the score carding process, which
reflect BU monitoring of performance and documentation of
issues/follow-up action; and ensuring compliance with
Bank/Corporate operating policies and procedures and Federal and
State Regulations.
- Facilitation of the on-time completion of initial and
recertification reviews including Third-Party Questionnaires,
third-party financial reviews, third-party insurance reviews,
summary reports, by risk classification and/or Exclusionary List
reviews. -
- Complete ongoing Third-Party Risk and Performance monitoring
activities including review of third-party performance scorecards
by risk classification, BU follow-up, requesting and obtaining key
third-party documents such as financial statements, certificates of
insurance, and other reports. -
- Ensures compliance with applicable federal, state and local
laws and regulations. - Completes all required compliance training.
- Maintains knowledge of and adhere to Flagstar's internal
compliance policies and procedures. - Takes responsibility to keep
up to date with changing regulations and policies. - -
Job Requirements:
- Bachelor's Degree required.
- Master's Degree in Business, Risk, or similar preferred.
- 6+ of demonstrated relevant track record of success in managing
major third-party risk programs in a financial, banking, mortgage
originations/servicing or related regulated organization. - This
includes support of third party risk assessments and various tools
within the financial industry (Archer, Rapid Ratings, Coupa, etc).
-
- 5+ years working directly with regulators (OCC, FDIC, state
regulators, etc.). - This includes; but is not limited to, working
within heightened standards within regulations as a large banking
institution within the financial industry and are highly regulated.
-
- Strong interpersonal, communication, presentation, negotiation
skills with strong influencing and persuasive talents.
- Self-motivated, takes initiative and has the ability to
effectively organize, multi-task, and prioritize a wide-array of
initiatives and consistently deliver timely results.
- Strong working knowledge and experience with OCC, FFIEC and/or
other regulatory guidelines and requirements.
- Experience working with a wide variety of client bases both
internal and external.
- High integrity and ethics.
- Excellent project management skills.
- Proficient in Microsoft Word, Excel, PowerPoint and
Outlook.
Keywords: Flagstar Bank, Warren , Sr. Third Party Risk Analyst, Professions , Troy, Michigan
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