Operational Risk Officer – Third Party Risk Management

Pay Rate: $75 per hour
Location: Jersey City, NJ

Responsibilities:

• Provide independent review, challenge, and advisory support over 1LOD execution of third party risk management processes, including due diligence, risk assessment, ongoing monitoring, issue management, and governance routines.
• Partner with CIB Central teams on regional and global initiatives, framework enhancements, remediation programs, regulatory commitments, and process improvements related to third party and outsourcing risk.
• Execute BAU check and challenge activities across risk and control self-assessments, key risk indicators, risk events, control testing outcomes, action plans, and governance materials.
• Support preparation and review of management reporting, committee materials, regulatory updates, risk appetite metrics, and escalation packs related to third party risk and operational risk management.
• Challenge the adequacy of remediation plans, monitor progress against milestones, assess evidence of closure, and escalate overdue or ineffective remediation where required.
• Help ensure local practices remain aligned with applicable Group, regional, and CIB requirements for third party, outsourcing, operational resilience, and operational risk management.

Requirements:

• Strong understanding of operational risk management, third party risk management, outsourcing governance, control frameworks, and the three lines of defence model within a financial services environment.
• Excellent analytical, communication, and stakeholder management skills.
• Experience reviewing or overseeing third party lifecycle activities, including inherent risk assessment, due diligence, contractual controls, ongoing monitoring, concentration risk, exit strategy, and issue remediation.
• Ability to assess the design and operating effectiveness of controls, identify control gaps, challenge risk ratings, and evaluate the adequacy of action plans and closure evidence.
• Experience preparing, reviewing, and challenging management information, committee materials, risk appetite metrics, issue tracking, and senior management updates.
• Knowledge of regulatory expectations, audit practices, and evidence standards relevant to third party, outsourcing, operational resilience, and operational risk management.

Preferred Skills:

• Operational Risk Management
• Third Party Risk Management
• Outsourcing Governance
• Risk and Control Assessment
• Governance, Reporting and Escalation
• Issue and Action Plan Management
• Data Quality and Risk Metrics
• Creativity & Innovation / Problem Solving
• Adaptability
• Ability to Deliver / Results Driven
• Ability to collaborate / Teamwork
• Analytical ability
• Ability to develop and leverage networks
• Ability to understand explain and support change
• Ability to manage a project
• Ability to develop and adapt a process
• Ability to conduct a negotiation