Third Party Job Description
Third party
provides third Party Risk relationship management and representation to Divisional, Operational, Tech, procurement and any other team leads with third party connections, interests or risks.
Third Party Duties & Responsibilities
To write an effective third party job description, begin by listing detailed duties, responsibilities and expectations. We have included third party job description templates that you can modify and use.
Sample responsibilities for this position include:
Ability to critically analyze change requests to determine the entire footprint of the requested change and how the change may affect all aspects of Mortgage Banking
Provides Compliance input and if necessary approval before change requests can be implemented
Reviews and assesses the adequacy of system specifications, operating procedures, workflows, and training materials
Maintains knowledge and understanding of new and updated federal and state laws and regulations
Interprets federal regulatory compliance statutes and regulations and analyzes their impact on existing policy and business practices
Contributes as requested critical efforts including large-scale regulatory implementations and initiatives as assigned by Director
Reviews and advises on critical third party activities
Develops and executes a dynamic monitoring plan for third party activities, focused on higher risk and critical vendors
Work in partnership with the Key Account Manager to determine appropriate coverage model per client
Prepare and participate in due diligence meetings
Third Party Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Third Party
List any licenses or certifications required by the position: CISA, CISSP, CTPRP, ISO, CIA, CRCM, QSA, PCI, CISM, CPA
Education for Third Party
Typically a job would require a certain level of education.
Employers hiring for the third party job most commonly would prefer for their future employee to have a relevant degree such as High School and Bachelor's Degree in Business, Education, Management, Finance, Accounting, Computer Science, Technical, Management Information Systems, Mathematics, Engineering
Skills for Third Party
Desired skills for third party include:
Standards
Supply chain management
Document
Industry laws and regulations along with approved USAA third-party risk management and procurement policies
Mitigate
Processes and controls
Technology and tools
To identify
Relevant business process and regulatory compliance requirements
Project management
Desired experience for third party includes:
Review and balance days/weeks of supply to ensure proper date maintenance, quantity sequencing and prioritizing of production runs
Manage the launch plan in legacy and SAP systems
Manages a team of Compliance professionals
Develop requirements for Life and Protection’s 3rd party relationships as it relates to financial requirements, information security, compliance, and other performance measures as appropriate
Create an approval and escalation process for 3rd Parties approvals
Define a process for ensuring new and existing agreements are being monitored for compliance with agreed performance and compliance measures
Third Party Examples
1
Third Party Job Description
Job Description Example
Our innovative and growing company is looking for a third party. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for third party
- Coordinate with EBS Procurement, Risk Management, Internal Audit as necessary
- Manage the TPA Audit function and expand audit capabilities and capacity as needed
- Managing hotel inquiries, training where necessary and offering right advice to ensure conversion remains on target
- Working with the Hotels and ensuring that property configurations are accurate and will not lead to any delays pre or post conversion
- Acting as a liaison with key accounts on conversion questions/issues as they arise from hotel
- Ensuring that Level 1 Support is continually updated and trained on conversion steps/processes
- Creates and manages a pipeline of new third party data sources mapped to use cases
- Analyzes new data sources in the context of existing data to establish fit for use cases
- Works with Data Governance and legal to confirm permissible use
- Collaborate with Purchasing to close deals
Qualifications for third party
- Plans and executes marketing programs to raise brand awareness and value in local markets
- Responsible for the planning and execution of collateral development
- Manages relationships with third party vendors and suppliers
- Liaison with designers in support of graphic design, HTML and other digital advertising projects
- Ability to assess and accentuate key design elements to increase customer conversion
- Trains sales force on various marketing systems
2
Third Party Job Description
Job Description Example
Our company is searching for experienced candidates for the position of third party. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for third party
- Manage and deliver on strategic sourcing and outsourcing engagements across all phases of the sourcing lifecycle
- Understand existing, new and developing regulatory expectations
- Work closely with the leadership teams of the functions and lines of business to oversee on-boarding, risk acceptance, exit / contingency planning and ongoing monitoring of vendors and outsourcing partners
- Continually seek opportunities to aggregate supplier spend and drive deeper discounts
- Design and execute BPO transition plans that ensure orderly migration of service delivery to vendors / BPO partners, while maintaining performance of the processes that the organization retains
- Interact with multiple levels of senior leadership, providing progress updates and/or discuss sourcing and BPO obstacles
- Provide hands-on leadership, direction and business focus to the Wholesale Third Party Risk Management / BPO mobilization/transition efforts by ensuring that the functions are aligned with the overall Operational Risk and Third Party Risk Management policies
- As a senior leader, this executive will also be called upon to help negotiate and manage contracts
- Develop and execute Wholesale Third Party Risk Management policies and procedures, sourcing strategies, BPO mobilization/transition practices, and educate the other lines of business, , Consumer, Mortgage, , on best practices
- Manage the Bank’s Third Party Risk Department and ensure that staff members and their day to day activities are appropriately prioritized
Qualifications for third party
- Writes copy for ad hoc flyers and collateral
- Works with Business Intelligence to develop effective tracking mechanisms to determine value of various campaigns
- Collaborates with compliance, pricing desk, product development and training on new initiatives and programs
- Conducts weekly analytics and prepares mgmt reports on website and email marketing statistics
- Manages trade show/event presence and budgets/calendars
- Maintains and updates all product materials/guidelines, conducting regular audits on all content
3
Third Party Job Description
Job Description Example
Our company is growing rapidly and is looking for a third party. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for third party
- Coordinate with other Departments within the Bank to ensure that Third Party Relationships or products offered by Third Party Relationships are appropriately reviewed throughout the lifecycle of the relationship
- Maintain and revise policies and procedures to ensure that Third Party Relationships are managed throughout their lifecycle, including the due diligence and periodic review phases
- Collaboratively participate in and contribute to any committees that are established to review third party relationships
- Assess key business relationships, partners, service providers and all other third party relationships to ensure that Senior Management is properly informed about the risks associated with those relationships
- Ensue that proper documentation for new and existing third party relationships is completed by department supervisors and retained for all Third Party Relationships
- Evaluate OCC Bulletin 2013-29
- Ensure that all of the features and functions of the Bank’s third party management software product, RSA Archer, are fully deployed and operating effectively and efficiently for the purpose of maintaining and key information including contracts, underwriting, insurance tracking and information security program information for all critical bank vendors
- When deemed necessary by policy or Senior Management, perform site visits to third party service providers to ensure that their operations are meeting contractual obligations and the Bank’s expectations
- Provide oversight to any Bank staff that are participating in Response For Proposals (RFP) activities
- Report to the Board (through the Board Technology Committee) at a minimum of annually on the status of the Third Party oversight program
Qualifications for third party
- Maintains channel website
- Manages and maintains social media outlets - LinkedIn, Twitter
- Interacts daily with CRM tool to launch email marketing and other
- Ability to multi-task in a fast-paced environment, manage priorities well
- Ability to manage diverse personalities and maintain professionalism at all times
- Strong knowledge of Microsoft Office, HTML and email marketing
4
Third Party Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of third party. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for third party
- Participate in internal ERM discussions/decisions related to Third Party oversight
- Participate in all new product development meetings/discussions to ensure that all third party relationships are appropriately addressed
- Complete special projects and other duties as directed by management
- Identify and establish new partner relationships based on brand fit, design, price points, and delivery timing
- Identify and monitor trends through various sources
- Attend Trade shows to trend shop and initiate new brand relationships
- Partner with planning and cross functional brand merchant/design teams to build seasonal assortment based on trend and volume
- Partner with brand and digital marketing teams to build seasonal 3rd Party marketing strategies
- Ability to analyze selling and react to future seasons
- Ability to negotiate timing and pricing as needed to fit into our floorset and financial requirements
Qualifications for third party
- Working knowledge of graphic design and direct mail marketing
- Previous experience in a leadership role strongly preferred
- Demonstrated leadership, decision-making, problem-solving, prioritization and planning skills
- Demonstrated ability to mentor, guide and train Associates
- Minimum 7 years of experience in sales or business development working directly with customers or external business partners on data-driven products or services
- Communicate value of data assets to make data analysis actionable and understandable by business partners, including IT and analytics
5
Third Party Job Description
Job Description Example
Our innovative and growing company is hiring for a third party. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for third party
- Train staff where necessary
- Ensure that property configurations are accurate and will not lead to any delays pre or post conversion
- Liaise with key accounts on conversion questions/issues as they arise
- Ensure that Level 1 Support is continually updated and trained on conversion steps/processes
- Create detailed risk assessment reports to explain identified risks, describe potential business impact, and provide prioritized recommendations for remediation
- Interview process owners, vendors and consultants to assess the design and operating effectiveness of IT, business process controls and management oversight while maintaining a high level of professionalism in all interactions with the IT and Business Department's personnel
- Participate in various meetings with business, vendors, partners and other GSO resources during the various phases of the assessment process
- Display strong technical and process knowledge by conducting efficient and effective assessments
- Participate in onsite assessments where and when required to assess the various security controls of the vendor
- Escalate unacceptable vendor and partner risks through appropriate channels
Qualifications for third party
- At least two years experience working in a CRM Tool, heavy emphasis on email marketing - REQUIRED
- Candidates should have experience in business development and consultative selling
- Relationship building to establish partnerships with third parties and internal stakeholders
- Bank Regulatory (OCC, Federal Reserve), Third-Party Risk Management, Internal Audit, Procurement, Operational Risk or Business Process Improvement experience in the Banking/Financial Services industry
- Assist in developing centralized program communications & reporting requirements
- Knowledge and understanding of risk management practices and methodologies, including risk assessment, experience with Compliance, Operational, and IT Risk across business units