Director of Affiliate and Third Party Risk Oversight
Ford Motor Company
full-time
Posted on:
Location Type: Hybrid
Location: Riverton • Utah • United States
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Job Level
About the role
- Coordinate the development and implementation of the Bank’s Affiliate Transaction and Third-party risk management programs to align with the Bank’s risk appetite and comply with Sections 23A and 23B of the Federal Reserve Act and Regulation W
- Establish and maintain effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures
- Develop a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts
- Develop a framework to perform Third-party supplier risk assessments to ensure compliance with Bank policy
- Develop and maintain Affiliate Transaction and Third-party risk-related monitoring, reporting and escalation processes and systems and serve as the subject matter expert in all activities related to affiliate transactions and third-party risk
- Consult and help design first line operational Affiliate Transaction and Third-party risk reporting and controls
- Act as the primary contact for regulatory examinations, internal audits, and external audits of the ATPRM programs. Respond to exams and audit concerns and coordinate corrective action of all related findings
- Establish an Anti-Tying program, which include monitoring, reporting and escalation procedures and processes to ensure regulatory and bank policy compliance
- Coordinate and deliver Affiliate Transaction, Third-party risk management, and Anti-Tying related training to directors, management, and employees to ensure integration of an Affiliate Transaction and Third-party risk mindset throughout the Bank
- Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews
- As part of the risk assessments evaluate existing controls and recommend new control requirements, where applicable
- Recommend enhancements to the policies and standards, where applicable
- Review and challenge the overall risk control environment for Affiliate Transaction and Third-party risk
- Oversee activities of the ATPRM team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives
- Represent the Bank in civic and community reinvestment functions
Requirements
- Bachelor’s degree preferred
- 10+ years of banking experience
- A minimum of 2 years' experience as an Affiliate Transaction and Third-Party Risk Manager
- Advanced knowledge of lending interagency regulations and applicable state laws
- Strong communication and presentation skills and proven customer service experience
- Exceptional analytical skills and the ability to work with complicated financial data
- Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
- Strong ethical behavior and the ability to work with sensitive information
- Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives
Benefits
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Applicant Tracking System Keywords
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Hard Skills & Tools
risk managementregulatory compliancerisk assessmentsfinancial data analysisdocumentation and reportingcontrol environment evaluationpolicy enhancementmonitoring procedurestraining and developmentlending regulations
Soft Skills
communication skillspresentation skillscustomer serviceanalytical skillsorganizational skillsteam collaborationethical behaviorleadership skillsability to work under pressureemployee development