Third Party Risk Analyst
Texas Capital is built to help businesses and their leaders. Our depth of knowledge and expertise allows us to bring the best of the big firms at a scale that works for our clients, with highly experienced bankers who truly invest in people's success - today and tomorrow.
While we are rooted in core financial products, we are differentiated by our approach. Our bankers are seasoned financial experts who possess deep experience across a multitude of industries. Equally important, they bring commitment - investing the time and resources to understand our clients' immediate needs, identify market opportunities and meet long-term objectives. At Texas Capital, we do more than build business success. We build long-lasting relationships.
Texas Capital provides a variety of benefits to colleagues, including health insurance coverage, wellness program, fertility and family building aids, life and disability insurance, retirement savings plans with a generous 401K match, paid leave programs, paid holidays, and paid time off (PTO).
Headquartered in Dallas with offices in Austin, Fort Worth, Houston, Richardson, Plano and San Antonio, Texas Capital was recently named Best Regional Bank in 2024 by Bankrate and was named to The Dallas Morning News' Dallas-Fort Worth metroplex Top Workplaces 2023 and GoBankingRate's 2023 list of Best Regional Banks. For more information about joining our team, please visit us at www.texascapitalbank.com.
Brief Overview of Position
The Third Party Risk Management team (TPRM) oversees and manages the bank's diverse and growing portfolio of third parties, and partners with business teams to monitor vendor performance and risks associated with those engagements. The primary role of the Third Party Risk Sr. Analyst is to perform due diligence risk assessments of new and existing business and technology third party service providers. The work will include assisting the Third Party Risk Manager with new and ongoing due diligence risk assessments of third parties.
Responsibilities
• Perform complex risk assessments of current and prospective third-party business and technology providers to assess their control structure and alignment to regulatory, federal/state guidelines and bank requirements and partner with internal stakeholders to assess the residual risk the third party presents to the bank.
• Manage timely completion of requests and follow-ups to third parties for appropriate documentation and review and evaluate materials submitted.
• Partner with internal business units and third parties to inventory all services, status, performance and risk assessments.
• Coordinate and manage the due diligence risk assessment of third-party services by internal subject matter experts within the bank. Failure of proper assessments could result in immediate and significant financial, regulatory, legal or reputational loss to the bank.
• Complete a written assessment detailing third party's service inherent risk(s), strengths of risk scores, along with any risk gaps presenting elevated risk to the bank in order to document completion of the risk assessment activities. This requires frequent interaction with all levels of internal leadership, as well as external third parties.
• Report findings through use of formalized reviews, exception reporting, and risk acceptance reporting.
• Oversee and confirm the resolution of any risk gaps identified during the risk assessment process.
• Will have to maintain a very strong knowledge of the many regulatory, investor, and bank subject matter expert requirements to ensure that each third party meets those requirements as applicable. Must be able to competently interpret and apply the requirements independently to mitigate risk to the bank.
• Contribute to various departmental projects related to third party management activities. This could be as a project lead or supportive role to an existing project.
• Perform other duties as assigned
Qualifications
• Requires 3+ years' experience in a position in risk management and/or adherence to regulatory requirements (e.g., PCI; HIPPA; or GLBA) related to the financial services or other heavily regulated industry
• Experience in performing SOC 1 and SOC 2 audit reviews helpful but not required.
• Experience in remote and on-site vendor audits helpful but not required.
• Prefer experience in risk, compliance, vendor management or audit
• Experience with RSA Archer eGRC a plus, but not required
• Past experience in a position requiring multi-tasking in a high activity and fast-paced environment is strongly preferred
• Strong attention to detail and exceptional organizational skills required
• Team oriented, flexible, integrity, ethical, professionalism required
• Strong knowledge of various regulatory (CFPB, OCC, Federal Reserve, etc.) investor (Fannie Mae, Freddie Mac, Ginnie Mae) requirements related to third party engagements and oversight.
• Strong communication skills (written and oral) required, including the ability to effectively advise business teams across the bank
• Ability to define problems, collect/analyze data, establish facts, draw valid conclusions, prepare reports, prioritize and manage several concurrent initiatives/projects preferred
The duties listed above are the essential functions, or fundamental duties within the job classification. The essential functions of individual positions within the classification may differ. Texas Capital Bank may assign reasonably related additional duties to individual employees consistent with standard departmental policy.Texas Capital is an Equal Opportunity Employer.
