Third Party Risk Management Analyst

• Work closely with business lines and third-party relationship owners to assess the risks associated with new products or services through completion of inherent product/service risk assessments.
• Communicate SECU due diligence requirements and documentation requests to third parties and conduct timely risk analysis tasks.
• Work closely with subject matter experts (e.g., Accounting, Compliance, IT, Operations, Privacy, etc.) to develop effective third-party risk management standards, oversight, and support.
• Conduct timely analysis of due diligence documentation in consultation with third party relationship owners, subject matter experts, and external partners, as needed.
• Consult with Legal Services/Contracts Office to ensure review and approval of contracts with approved third parties.
• Maintain third party relationship inventory, files, due diligence artifacts, and related documentation in third party risk management software.
• Work closely with third party risk management software provider to implement new features, workflows, and reports.
• Perform ongoing monitoring of third parties to manage risks identified in the planning and due diligence phases.
• Assist third party relationship owners with creating contingency plans which outline strategies for transitioning away from a third party, if needed.
• Ensure off-boarding activities are appropriately conducted to limit risks resulting from termination of third-party products or services.
• Assist with planning and creating third party risk management procedures, policies, and standards.
• Assist in developing and delivering appropriate assessments, reporting, and training guides to business lines and other stakeholders.
• Develop and maintain a working knowledge of regulatory requirements and guidance along with industry best practices related to third party risk management.
• Provide records and documentation when requested for internal and external audits.
• Perform discovery activities to help ensure third parties are appropriately monitored across the organization.
• Generate reports regarding third party performance, identifiable risk, issues, exceptions, and risk mitigation plans.
• Other duties as assigned in conjunction with broader Operational Risk Management initiatives.

• Ability to take initiative and perform in a challenging and technical business environment.
• Four-year degree, or CCUE Certification, or Associate in Arts degree or Associate in Science degree via the North Carolina College Transfer Program (NC-CTP) is preferred.
• At least three years of experience working at a financial services institution.
• Experience working in Risk Management or Compliance is preferred.
• Candidate must be a self-starter and possess strong analytical skills with high attention to detail and accuracy.
• Ability to proactively communicate progress, status and concerns to management and stakeholders.
• The highest level of integrity and confidentiality is expected at all times.
• Proven interpersonal and communication skills (verbal and written) needed to work cross-functionally.
• Experience with third party risk management software and services is preferred.
• Knowledge of National Credit Union Administration (NCUA), Federal Financial Institutions Examinations Council (FFIEC), Consumer Financial Protection Bureau (CFPB), Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) regulations and guidance is preferred.
• Ability to be flexible and adjust plans quickly to meet changing business needs

• Must be able to comprehend and carry out job demands.
• Job requires a substantial amount of sitting.
• Use hands and fingers to press keys on a computer keyboard to enter or retrieve information.
• Use hands and fingers to press telephone keypad and lift telephone receiver.
• Must be able to comprehend phone calls.

State Employees' Credit Union