DescriptionUnder the direction of the Manager, responsible for assisting in the maintenance of the company’s Third Party Risk Management (TPRM) program and related policies. The TPRM department is responsible for ensuring adherence with regulatory guidance for managing outsourcing risk, consistent with executive management’s commitment to maintain a high standard of compliance with all applicable laws and regulations, as well as overall sound risk management. The team works collaboratively with various stakeholders across the organization to execute an enterprise-wide, risk-based approach to identifying, measuring, and managing the various types of third party risk exposure to the organization. If applicable or appropriate, assists in business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act
Responsibilities
- Provides dedicated support to TPRM stakeholders throughout the Vendor Risk Management process. Assists in the performance of the initial risk assessment, and other necessary on-going reviews, to identify, measure and manage third party risks. Partners and coordinates closely with internal risk specialist areas (i.e. Enterprise Risk, Information Security, Compliance, Finance, etc.) to facilitate and evaluate third party relationships. Assists in reviews all aspects of the vendor risk process ensuring internal and external standards are met or exceeded. Maintains accountability for accuracy and completeness within the TPRM’s dedicated system of record.
- Performs analysis on submitted data and identifies and researches any trends or patterns of vendor performance and compliance. Prepares regular reporting on third party risk exposure for all related TPRM committees and working groups and prepares reports upon request.
- Develops, or assists in the enhancement of, the due diligence process to review the control effectiveness of each applicable risk of Bank of Hawaii third party service providers, new and existing. Communicates to business units and cross-functional teams regarding material third party issues or events and escalate to senior management, when applicable.
- Performs other miscellaneous responsibilities and duties as assigned.
Qualifications
- Education: Bachelor’s degree from an accredited institution or equivalent work experience. Major in science, technology, business or other business-related major preferred.
- Experience: Level is dependent on years of experience and size/complexity of prior positions held.
- Level I: Minimum 1 to 2 years of legal, risk, compliance, vendor or audit-related experience in positions of increasing responsibility, or equivalent work experience. Familiarity with governance, risk, and/or compliance methodologies, tools (RSA Archer) preferred.
- Level II: Minimum 3 to 5 years of legal, risk, compliance, vendor or audit-related experience in positions of increasing responsibility, or equivalent work experience. Familiarity with governance, risk, and/or compliance methodologies, tools (RSA Archer) preferred.
- Technical Skills: Demonstrated proficiency and expertise with personal computers and Microsoft applications (Outlook, Word, Excel, Access and PowerPoint) or similar software. Proficiency with Microsoft Project or similar software preferred. Knowledge of or ability to use Bank software and systems.
- Other Job Qualifications: Demonstrated verbal and written communication skills, including presentation and negotiation skills. Able to make and facilitate presentations for all levels of employees. Must be analytical, detail oriented, and organized in managing multi-project, multi-tasked responsibilities with varying deadlines. Able to meet deadlines and handle multiple priorities. Must have effective interpersonal skills and collaborative management style to include teamwork, team building, conflict management, and problem solving skills. Able to understand, analyze, and review contracts with legal terms and conditions. Must have ability to understand and analyze technology, service, purchasing and pricing issues. Able to work flexible hours including holidays, weekends and evenings as needed or assigned.
As a Bank of Hawaii employee, you ensure (or assist with ensuring) compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
Delivering exceptional customer experiences is at the heart of what we do at Bank of Hawaii. We listen, understand and deliver what our customers need to help them build a better tomorrow.
We are an EEO/AA employer, including disability and veterans. For Bank of Hawaii's full EEO statement, please visit https://www.boh.com/careers.
