Vendor Risk Manager Third Party Risk Management

In this role, you will join a well-established vendor management team driving key business relationships with critical business partners across Ameriprise Bank. This vendor management position will work closely with vendors, and business partners to deliver third party risk management oversight. The successful candidate for this role is a risk management subject matter expert with effective communication skills, the ability to function in a fast-paced environment, ability to collaborate cross-functionally and serve as a bank Vendor Manager central point of contact.

Key Responsibilities

• Vendor onboarding, monitoring, and issues remediation
• Maintain working relationships with Business Partners and Third-party Vendors to understand business requirements in delivery of vendor products and services
• Participate in sourcing and procurement processes related to new contracts, renewals, and amendments. Advise line of business on opportunities to avoid or mitigate risk
• Engage Internal Staff, Business Partners, and Vendors on risk management deliverables to ensure compliance to Enterprise, Bank and Regulatory requirements
• Adhere to the reporting requirements and identify enhancements to existing reporting
• Collect data to develop vendor scorecards that track performance, work directly with vendors on areas needing resolution and monitor remediation efforts
• Update Enterprise system of record with net new vendors, risk assessments, risk questionnaires, performance scorecards and evidential documents
• Lead governance meetings on service level metrics, issue management and contribute to an ongoing process of evaluating service quality
• Collaborate with legal and finance to ensure effective controls and risk mitigation

• Participate in Vendor Risk Assessment calls and manage all subsequent actions with vendors through to completion
• Conduct weekly, monthly quarterly and annual business review meetings with line of business and vendors
• Manage third party vendor issues and communicate appropriately within the business
• Manage individual interactions with business partners and collaborate with the internal peers to drive process enhancements, participation on audits
• Identify and execute cost savings and cost avoidance through the contract renewal cycle

Required Qualifications

• Bachelor’s degree
• 5-7 years of relevant experience

Preferred Qualifications

• Vendor Management experience in the banking industry is strongly preferred
• Strong knowledge of banking regulatory requirements
• Commercial skills (experience in contract negotiation, contract content, SLA structure and general procurement process)
• Proven record of accomplishment in understanding third party risk management.
• Effective communication and influencing skills across senior leadership levels.
• Strong Excel skills (including the use of formulas and functions)

About Our Company
We’re a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Full timeExemptFinanceBANK Bank