Associate Principal, Third Party Risk Management

What You'll Do

The Third Party Risk Management (“TPRM”) department identifies, measures, monitors and reports risks presented to the organization by third parties through several phases: on-boarding/off-boarding, risk assessments, monitoring and issue management, and reporting.

The Associate Principal will provide critical support to Third Party Risk Management by completing risk assessments, mitigation support, as well as preparing management reports. The Associate Principal will be working across multiple lines of business to assist with TPRM efforts to monitor and manage third party relationships and compliance with TPRM procedures. In this role, they will have governance and oversight responsibilities to ensure third parties are properly assessed. In addition, the Associate Principal shall lead special projects as assigned.

Primary Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each primary duty satisfactorily.

• Complete Third Party risk assessments and ensure quality of work performed by other analysts

• Oversee risk-based analysis, such as communication of identified risks to key stakeholders, organizing remediation action plans, and track and monitor identified Third Party risks to closure

• Oversee on-boarding, monitoring and off-boarding of Third Party services

• Establish and maintain partnerships with internal and external stakeholders to ensure effective collaboration to identify, measure and manage Third Party risks and controls

• Coordinating with both internal and external stakeholders and respond to Third Party requests related to OCC operations from Clearing Members, Banks, and other OCC Third Parties

• Assist in coordination with key stakeholders across multiple departments to initiate, scope and plan Third Party risk assessments of new and existing Third Party engagements (Vendors, FMU’s, Exchanges, Clearing Members, Banks & other third parties)

• Assist with the creation and development of standardized reports, templates and scorecards used to inform management on Third Party risks

• Present Third Party findings to various levels of leadership

• Maintain an up-to-date understanding of emerging financial, operational, Third Party and regulatory/compliance related information to contribute to the continuous improvement of the Third Party risk management program

• Enhance and contribute to Third Party Risk strategies, tools, and methodologies to measure, monitor, and report risks

• Develop and maintain job aids in support of TPRM procedures

• Assist with TPRM training

• Assist with regulatory and audit requests

• Lead special projects as assigned

Supervisory Responsibilities:

• None

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the primary functions.

• Ability to anticipate, draw conclusions, and adapt to changing needs and demands

• Prior Third Party Risk Management, Audit or Enterprise Risk Management experience

• Excellent verbal, written and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and management

• Strong analytical skills, problem solving, strategic thinking and reasoning abilities

• A high degree of integrity, professionalism, and capacity to excel in a cohesive team environment

• Ability to work independently on projects with little oversight or as part of a team

• Detail oriented with the ability to multitask and quickly adapt to changing assignments

Technical Skills:

• Proficient in Microsoft Word, Excel, Access, and PowerPoint

Education and/or Experience:

• Bachelor’s Degree (or equivalent)

• Master’s Degree (preferred)

• At least 3 years of experience in Risk Management, Third Party Risk, Auditing or the equivalent

• Comprehensive knowledge of Third Party Risk Management processes and methodologies

Certificates or Licenses:

• Preferred CISA, CRISC, or other certifications for Security or Business Continuity

Who We Are

The Options Clearing Corporation (OCC) is the world's largest equity derivatives clearing organization. Founded in 1973, OCC is dedicated to promoting stability and market integrity by delivering clearing and settlement services for options, futures and securities lending transactions. As a Systemically Important Financial Market Utility (SIFMU), OCC operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC), the U.S. Commodity Futures Trading Commission (CFTC), and the Board of Governors of the Federal Reserve System. OCC has more than 100 clearing members and provides central counterparty (CCP) clearing and settlement services to 19 exchanges and trading platforms. More information about OCC is available at www.theocc.com.

What We Offer

A highly collaborative and supportive environment developed to encourage work-life balance and employee wellness. Some of these components include:

A hybrid work environment, up to 2 days per week of remote work

Tuition Reimbursement to support your continued education

Student Loan Repayment Assistance

Technology Stipend allowing you to use the device of your choice to connect to our network while working remotely

Generous PTO and Parental leave

Competitive health benefits including medical, dental and vision