Third Party Risk Manager/Vendor Risk Manager

First Century Bank has an exciting career opportunity available for a Manager of Third-Party Risk Management to join our team. The Bank is enhancing its existing third-party risk management program to improve oversight of its key partners and vendors, and this role will be integral in designing and executing the program.

This individual will help design the overall third-party risk management, assess risks associated with key partners and vendors, coordinate due diligence and ongoing oversight efforts, and develop management and board reporting materials to facilitate key governance routines. In addition, this individual will help plan and complete annual site visits of our most valuable partnerships.

First Century Bank has specialized in providing financial services through technology channels for our FinTech partners. The Manager of Third-Party Risk Management is a career opportunity that will support the bank's continued growth through FinTech partnerships. This position would be a hybrid position whereby the individual will be able to work remotely and also come into the office as needed for training and to build camaraderie with other team members.

Duties will include the following:

• • Perform risk assessments of existing and prospective third parties to identify key risks and assign overall risk grades consistent with policies and procedures; and
  • Support due diligence of prospective clients and program partners by coordinating with various internal Subject Matter Experts ("SMEs") to plan and execute diligence activities; and
  • Develop and execute tailored oversight and monitoring programs to ensure key risks associated with third parties are regularly monitored, including planning and executing annual on-site assessments of critical relationships; and
  • Document findings and develop communication protocols with third parties to follow up on identified issues and risk escalations; and
  • Keep management apprised of key third party risks and escalations through regular communication and reporting materials; and
  • Update and maintain policy and procedure documentation for the third-party risk management program; and

• Performs such other duties as may be assigned or which inherently or logically belong with the position; and
• Exemplify FCB's values while carrying out its mission and organizational goals and priorities.

Qualifications and Skills:

Qualified candidate will have a bachelor's or master's degree in business administration, Risk management or related field and at least 8 years of experience in a third-party risk management or similar role, or appropriate combination of education and experience. Ideal candidates will have some experience in financial services or fintech environments. In addition, qualified candidates will have:

• • Strong understanding of third-party risk management best practices
  • Basic understanding of financial services regulations including BSA, AML, UDAAP and NACHA rules
  • Demonstrate proficiency in Microsoft Office products including Word and Excel
  • Ability to demonstrate a high level of attention to detail and to develop knowledge across functions
  • Exceptional communication skills, project management skills and business analysis skills
  • Critical thinking, including the ability to approach problems logically and make informed decisions based on data.
  • Availability to travel 5-7 times per year for 2-3 days for each trip

First Century Bank is an equal opportunity employer. It is the Company's policy to provide equal employment opportunity to all qualified persons without regard to race, color, sex, gender or gender identification, religious creed or religious beliefs, age, national origin, physical or mental disability, pregnancy, military or veteran's status, marital status, sexual orientation, or any other category protected by state or federal law.