Specialist, Third Party Oversight

Are you a detail-oriented professional with a passion for risk management and compliance? Look no further! Fifth Third Bank is seeking a highly skilled and motivated Specialist, Third Party Oversight to join our team. As a member of our team, you will play a crucial role in ensuring that our third-party relationships adhere to all regulatory requirements and internal policies. We are looking for a driven individual with excellent communication and analytical skills, as well as a strong background in risk management and compliance. If you are ready to take on a challenging and rewarding role in a dynamic and fast-paced environment, we encourage you to apply for this position today.

1. Conduct regular risk assessments and due diligence on third-party relationships to ensure compliance with regulatory requirements and internal policies.
2. Develop and maintain relationships with third-party vendors and provide support in contract negotiation and management.
3. Monitor and analyze potential risks associated with third-party relationships and provide recommendations for mitigating those risks.
4. Review and analyze third-party contracts and agreements for compliance with company policies and regulatory requirements.
5. Develop and implement policies and procedures for third-party oversight and ensure adherence across the organization.
6. Stay updated on industry trends, regulatory changes, and best practices in risk management and compliance to continuously improve the third-party oversight process.
7. Collaborate with cross-functional teams to identify and address any compliance issues related to third-party relationships.
8. Communicate with third-party vendors to ensure timely and accurate completion of required documentation and audits.
9. Prepare and present reports to senior management on the status of third-party relationships and any potential risks.
10. Train and educate employees on third-party risk management and compliance policies and procedures.
11. Proactively identify areas for process improvement and implement solutions to enhance the efficiency and effectiveness of the third-party oversight program.
12. Maintain accurate and organized records of all third-party relationships and associated documentation.
13. Adhere to all company policies and procedures, as well as applicable laws and regulations.

According to JobzMall, the average salary range for a Specialist, Third Party Oversight in Cincinnati, OH, USA is between $60,000 and $80,000 per year. This can vary depending on the specific company, experience level, and other factors such as education and certifications.

Fifth Third Bank is a bank headquartered in Cincinnati, Ohio, at Fifth Third Center. Its main businesses are Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management.