Remote - Head of Third Party Risk Management

We’re looking for talented professionals, anywhere in the United States, to join us in bringing smart money management and payment solutions to everyone’s fingertips.

At Green Dot, we are evolving to a new and permanent “Work from Anywhere” model designed to maximize the benefits of remote work, promote and enable a strong culture of performance and connectedness, and attract the best and brightest talent who align with our entrepreneurial spirit and mission.

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JOB DESCRIPTION

Summary

We are seeking a strategic and experienced Head of Third-Party Risk Management (TPRM) to lead in overseeing the risk associated with third-party relationships within an organization. This includes developing, implementing and continuously improving risk management frameworks, policies, and controls to ensure that third-party risks are identified, monitored, and mitigated effectively, and in alignment with the risk appetite and business objectives. The ideal candidate will have a strong background in risk management, vendor governance, bank regulatory frameworks and cross-functional leadership.

Responsibilities

• Develop, implement, and mature a TPRM Program that meets banking standards while maintaining the efficiencies expected in FinTech and partner banking.

• Develop and enhance TPRM Risk Assessment frameworks and rating (inherent risk, control effectiveness, and resulting residual risk) approaches that trigger second line risk stripe assessments.

• Establish and evolve third-party risk management policies, standards, and procedures. Ensure alignment with enterprise risk and procurement policies.

• Lead the TPRM team to ensure documentation and execution of questionnaires required by the company and provide clear guidance to the First Line of Defense.

• Ensure the appropriate due diligence on prospective vendors is conducted, including the evaluation of their financial stability, technology security, and compliance posture.

• Develop and deliver regular reporting to senior leadership, board committees and regulatory agencies, including risk dashboards, emerging risk trends, and performance metrics.

• Refine and implement GRC standards and technology to achieve the Third-Party Lifecycle requirements and incorporate ongoing process efficiencies. Deep knowledge of third-party lifecycle management, including due diligence, risk assessments, monitoring, and offboarding.

• Coordinate response and resolution of third-party related incidents or breaches. Escalate risks and issues appropriately to senior management and risk committees.

• Monitor and ensure adherence to applicable laws and regulations (e.g., FFIEC, GDPR, HIPAA, SOX). Act as a point of contact during audits and regulatory exams.

• Consult with business development leaders, C-Suite executives, internal, and external legal counsel, as needed, to address risk issues and contractual expectations.  

Qualifications

• 10+ years of experience in risk management, with at least 5 years in third-party or vendor risk oversight, preference for experience in a regulated bank or strong consulting background serving regulated banks.

• Bachelor’s degree and preference for advanced degree, with focus in Risk Management, Business Administration, or a related field.

• Proven leadership experience in building or enhancing third-party risk management programs in a complex organization.

• Strong understanding of regulatory requirements (e.g., Federal Reserve, OCC, FFIEC, GDPR, HIPAA, SOX) and industry standards (e.g., ISO 27001, NIST). Experience at a federal bank regulator a plus.

• Strong analytical skills and a demonstrated aptitude to think creatively and identify new ways to approach common problems.

• Experienced in developing Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), reporting dashboards, and process flows.

• Demonstrated ability to work as a leader in a fast-paced, high-growth and dynamic environment.

• Strong organizational and project management skills to prioritize and balance multiple tasks and drive projects to completion.

• Excellent leader and able to collaborate and influence across the firm.

• High degree of initiative and strong ability to meet principal accountabilities with limited direction and oversight.

• Excellent report and presentation design, preparation and delivery skills.

• Proficient with MS Office Professional programs including Word, Excel, PowerPoint, Outlook and Visio, and GRC tools.

POSITION TYPE

Regular

PAY RANGE

The targeted base salary for this position is $175,100 to $262,700 per year. The final compensation will be determined by a number of factors such as qualifications, expertise, and the candidate’s geographical location.

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Green Dot promotes diversity and provides equal opportunity for all applicants and employees. We are dedicated to building a company that represents a variety of backgrounds, perspectives, and skills. We believe that the more inclusive we are, the better our work (and work environment) will be for everyone. Additionally, Green Dot provides reasonable accommodations for candidates on request and respects applicants' privacy rights.