Third Party Risk Management

Job Purpose

Responsible for developing, implementing and ongoing governance of Third-Party Risk Management (TPRM) organizations Program Governance and Quality Assurance functions. This includes but not limited to:

• Standard repeatable process to generate risk-based reporting and analytics.
• Maintain quality assurance and ensure compliance with TPRM program policy and standards.
• Provide guidance, assistance in on-going training and awareness activities across the enterprise.
• Support and assist with all internal and external audit/exam related inquiries.
• Develop and maintain interdepartmental relationships with business partners.

Responsibilities

• Directs and drives the third-party risk management program
• Leads the development of strategic third-party risk management plan
• Supports internal stakeholders prior to onboarding and throughout the third-party life cycle
• Conduct foundational assessments of new third parties prior to engaging in a contractual relationship
• Assists and analyzes third party risk, and evaluates third party service providers
• Assists in oversight, reporting, and annual evaluations
• Determines infrastructure improvements to drive reductions in run rate savings without compromising business strategy
• Gains understanding of complex supplier pricing models, develop cost analysis, scorecards, and division vendor reports, and helps conduct quarterly business reviews
• Procures services and materials as directed by and approved through internal channels and policy
• Assists in the sourcing and operational negotiations and third-party risk reviews as needed
• Supports contract development, third party risk reviews, and approval process and provides contract information as needed
• Develops and applies standardized and rigorous approach to financial analysis
• Develops, implements, monitors, and reports performance measures that demonstrate value and ensure vendor performance
• Conducts reviews which measure end-user satisfaction, spend and usage trends (historical and projected), prices, quality and service levels, savings, supplier performance metrics, next-generation improvement opportunities, etc.
• Participates in stakeholder interviews to gather information regarding current practices, processes, and behaviors
• Maintain awareness of emerging trends for services provided by various third parties
• Support ongoing training awareness of industry trends and other related duties
• Participates and collaborates in Risk team projects both internally and outside of the department
• Performs other related duties as assigned
• May require occasional domestic or international travel as needed

Qualifications

• Bachelor’s degree in Business Administration, Finance, or a related discipline; or the equivalent combination of education, training, and work experience
• 8+ years of relevant work experience in third-party risk, operational risk, or vendor risk
• 5+ years of experience in third-party risk with experience in offshore vendor management, site assessments, and successful completion of tasks in the promotional matrix 
• Demonstrated experience as a lead with direct or indirect reports preferred
• Previous working knowledge of relevant legal and regulatory requirements, such as but not limited to: 
  • SEC, FINRA, CFTC, FDIC (Bonds Market)
  • Bank Of England (BOE)
  • Financial Conduct Authority (FCA)
  • European Securities and Market Authority (ESMA)

• Business Acumen in Capital Markets, Exchanges, Clearing Houses, and/or Corporate Fixed Income
• Requires extensive knowledge of risk methodologies and techniques
• Excellent analytical, decision-making, and problem-solving skills
• Ability to persuade, negotiate and influence others to get buy-in and support
• Knowledge of ICE business environment and the ability to evaluate risk implications inherent in new product and market development
• Experience of working with a diverse range of data sources/streams and managing these effectively
• Experience identifying due diligence requirements
• Experience planning vendor engagements and overseeing and monitoring activities
• Experience in an enterprise environment within a public company
• Excellent analytical, decision-making and problem-solving skills
• Ability to develop relationships with business units, especially as it relates to operations and technology
• Excellent verbal and written communication skills to technical and non-technical audiences of various levels to both internal and external audiences
• Ability to effectively deal with issues that are confidential and sensitive in nature
• Certification such as, CISA, CISM, CISSP, CTPRP etc.
• Experience with the following tools: ServiceNow, ProcessUnity, Oracle, UpGuard, Supplier.IO

Intercontinental Exchange, Inc. is an Equal Opportunity Employer.  All qualified applicants will receive consideration for employment without regard to legally protected characteristics. 

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