Third Party Risk Analyst

Third Party Risk Analyst

The Third Party Risk Analyst will support the Third Party Risk Management Program to effectively manage third party risk in accordance with internal policy and regulatory requirements. This position will do this by : Facilitating and assessing accurate third party information captured in Third-Party Questionnaires ("TPQ"), performing financial and insurance due diligence reviews for all tier 1, tier 2, tier 3 and tier 3 third parties, analyzing reviews completed by Subject Matter Expert ("SME") teams to ensure conclusions adequately assess risks identified which may impact onboarding decisions, ensuring summary report documentation and conclusions support third-party approval decisions; being responsible for supervising business unit ("BU") completion of the third party's performance through the score carding process, which should 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. Additionally, the Third Party Risk Analyst will assist Management as requested on other projects including system implementations, ad-hoc Internal Audit and ERM requests, and other department reporting functions to ensure compliance with company, departmental and regulatory policies.

Job Responsibilities :

• On-time completion of initial and recertification reviews including SME review quality assurance, TPQs, third-party financial reviews, third-party insurance reviews, summary reports, by classification (Tier 1, 2, 3, and 4), and Exclusionary List reviews.
• Complete ongoing monitoring activities including review of third-party performance scorecards by classification (Tier 1, 2, and 3) and BU follow-up, requesting and obtaining key third-party documents such as financial statements, certificates of insurance, and other reports.
• Process maintenance, including Coupa Risk Assess system quality assurance, assistance in maintenance of procedures, desk guides as needed.
• Special projects as assigned which may include : OCC audit, Internal Audit, Process Unity, Sourcing, Diversity and Inclusion, Non-Profits.

Job Requirements :

Preferred : Bachelor's Degree Preferred (Business or related field)

Flagstar is an Equal Opportunity Employer