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Director, Third Party Risk Management

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PayPal

12d ago

  • Job
    Full-time
    Senior & Expert Level
  • Banking & Finance
  • Omaha, +1
    Remote

Requirements

  • Bachelor’s degree in business, finance, risk management, or a related field.
  • Proven experience (8+ years) in third-party risk management within the financial services industry.
  • Strong knowledge of regulatory requirements and industry best practices related to third-party risk.
  • Excellent leadership, communication, and interpersonal skills.
  • Demonstrated ability to develop and implement effective risk management strategies.

Responsibilities

  • Strategic Planning:
  • Develop and execute a comprehensive third-party risk management strategy aligned with organizational goals.
  • Collaborate with key stakeholders to integrate risk management practices into business processes.
  • Policy Development and Compliance:
  • Collaborate with second line on policy updates or changes. Create and maintain procedures for third-party risk management in accordance with industry regulations.
  • Ensure compliance with relevant legal and regulatory requirements.
  • Vendor Due Diligence:
  • Oversee the assessment and due diligence of third-party vendors to evaluate their risk profile.
  • Implement effective vendor selection processes and criteria.
  • Risk Assessment and Mitigation:
  • Conduct risk assessments to identify potential vulnerabilities in third-party relationships.
  • Develop and implement risk mitigation strategies to minimize potential negative impacts.
  • Monitoring and Reporting:
  • Implement a robust monitoring system for ongoing assessment of third-party performance and compliance.
  • Provide regular reports to senior management on the status of third-party risk management operations.
  • Cross-functional Collaboration:
  • Collaborate with internal departments, including legal, compliance, and information security, to ensure a holistic approach to risk management.
  • Work closely with business units to understand their third-party risk exposure and provide guidance on risk mitigation.
  • Training and Awareness:
  • Develop and deliver training programs to enhance awareness and understanding of third-party risk management across the organization.

Technology
Industry
10,001+
Employees
1998
Founded Year

Mission & Purpose

PayPal is a prominent financial technology company that facilitates online payments and money transfers for individuals and businesses. Their fundamental objective is to empower seamless and secure digital transactions, enabling people to manage their financial lives more efficiently in an increasingly interconnected world. At its core, PayPal strives to be the bridge that connects people with the global economy, offering accessible and convenient solutions to move and manage money, ultimately promoting financial inclusion and empowerment.