Manager, RJF Third Party Risk Management

Job Description Summary

Monitor and analyze the organization's operational risk exposure, and contribute to the development of operational risk policies. Analyze existing processes, procedures and systems and advise on improvements.

Job Description

Job Summary

Under general direction, uses extensive knowledge and skills obtained through education and experience to translate business strategy into comprehensive risk assessment programs and manage the work of other staff in conducting reviews and developing risk profiles in a variety of functional areas. Leads large or multiple projects with significant scope and impact. Manages others in performing difficult assignments that are broad in nature requiring originality and ingenuity with some latitude for unreviewed actions or decisions. Provides comprehensive solutions to escalated complex problems. Results are evaluated at agreed upon milestones for effectiveness in achieving specified results. The Third Party Risk Management (TPRM) Manager is responsible for oversight and challenge of the first line of risk management (Business Units/Procurement) to ensure third-party risks are identified, assessed, and managed within Raymond James’ risk appetite. Will lead and influence others in identifying, researching, analyzing and resolving complex issues and have moderate contact with executive management

Essential Duties and Responsibilities

• Assists in the development and execution of risk and control consulting activities for assigned area of responsibility in accordance with internal standards, relevant government statutes and regulations.
• Oversees or leads engagements from planning through reporting and produces quality deliverables in accordance with both department and professional standards.
• Directly manages junior staff and performs human resource management activities, including identifying performance problems and developing plans for remedial action; evaluating performance; and interviewing and selecting staff.
• Attracts, develops, and retains talent within the Risk Management organization and the Firm.
• Establishes strong relationships with senior leaders and related control groups.
• Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, or executive management partners.
• Analyzes complex problems, researches and organizes solutions and effectively presents recommendations to Sr. Management.
• Works with business process owners and internal/external auditors to evaluate control deficiencies, and develop risk-based solutions to address concerns.
• Interprets, applies and recommends changes to organizational policies and procedures. Maintains currency in relevant risk management processes and procedures.
• Holds entire team accountable for meeting deliverables, adhering to internal criteria and utilizing consistent methodology.
• Uses judgment to provide an overall opinion on the business unit’s control environment and communicates findings to management. Identifies opportunities for improvement in the design and effectiveness of key controls and mitigation strategies.
• Executes an effective program of continuous monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.
• Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions and recognized as a leadership role model.
• Participates in major business initiatives and pro-actively advises and assists the business on change initiatives.
• Stays up to date with evolving industry and regulatory changes impacting the business.
• Establish and maintain the firm’s TPRM policy, methodology, and operating model.  
• Provide expert, independent, and outcome based oversight of first line risk assessments and mitigation plans. 
• Develops detailed documentation outlining analysis results, conclusions, and recommendations.
• Analyze data to identify trends, reporting third party risk profile to senior management.
• Ensure all vendor relationships comply with legal, regulatory, and internal policies.
• Collaborate with procurement, information security, and business units to ensure a consistent, integrated risk experience.   
• Performs other duties and responsibilities as assigned.

Knowledge, Skills, and Abilities

Knowledge of

• In-depth understanding of risk management practices and methodologies, including risk assessment and a solid understanding of internal control and mitigation strategy concepts.
• 3 – 7+ years in risk management specifically focusing on third party risk, vendor management, or audit.  
• Specific subject matter expertise regarding area of responsibility risk frameworks, security standards, and a solid business understanding of Raymond James’ products and services.
• Advanced investment concepts, practices and procedures used in the securities industry.
• Principles of banking and finance and securities industry operations.
• Financial markets and products.

Skill in

• Managing employees, either directly or indirectly through risk management engagements.
• Demonstrated ability and success in interacting with and influencing senior leadership, including executive management.
• Experience in managing against deadlines associated with a risk management engagement.
• Strong analytical skills particularly with regard to assessing the probability and impact of a control weakness.
• Excellent verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.
• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability.
• Proven ability to multitask as well as assess and change priorities.
• Ability to work well individually, and in teams, share information, support colleagues and encourage participation.

Ability to

• Perform human resource management activities.
• Plan, assign, monitor, review, evaluate and lead the work of others.
• Coach and mentor others.
• Identify training needs and develop subordinates.
• Balance conflicting resource and priority demands.
• Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.
• Incorporate needs, wants and goals from different business unit perspectives into risk management engagements and recommendations.
• Attend to detail while maintaining a big picture orientation.
• Gather information, identify linkages and trends and apply findings to assignments.
• Communicate effectively, both orally and in writing.
• Read, interpret and apply information from business periodicals and professional journals.
• Lead others in providing a high level of customer service.
• Establish and maintain effective working relationships at all levels of the organization.

Educational/Previous Experience Requirements

• Bachelor’s Degree and a minimum of six (6) years of experience in a related field.
• OR ~
• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• CPA, CFE, CRMA, CIA, CBCP, CISSP, CRISC, Series 7 preferred

Education

Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience- 6 to 10 years

Certifications

Other Certification Not Listed- Other

Travel

Less than 25%

Workstyle

Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

 Grow professionally and inspire others to do the sameWork with and through others to achieve desired outcomes

 Make prompt, pragmatic choices and act with the client in mindTake ownership and hold themselves and others accountable for delivering results that matter

 Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. #LI-TG1