AVP Senior Third Party Risk Analyst

Job Location US-DE-Wilmington
Regular Full-Time


Lead the analysis of BSA/AML controls associated to third party relationships and conduct third party risk assessments to identify risks and key controls, both internal and external to mitigate risks.  Monitor and test the line of business third party risk management and oversight practices and serve as a third party risk management liaison to the lines of business as a resource to support the third party risk management infrastructure. 


Essential Functions

  1. Performs robust BSA/AML third party risk assessments to identify risks and key controls, both internal and external that mitigate risks.
  2. Maintains testing methodology and performs control testing of identified third parties. Supports business partners to conduct in-depth root cause analysis for issues and assist in the development of remediation plans.
  3. Identifies, escalates, and reports risk events. Works with the appropriate groups to determine control weakness, non-compliance with regulatory requirements and root cause. Records activities and risk events in the corporate internal tracking system.
  4. Prepares Executive level reporting of key metrics, risk events, issues and performance testing results.
  5. Assesses and interprets third party documents and other pertinent source documents as necessary to support testing requirements and audit processes.
  6. Supports business operations by partnering with the business to create best practice solutions and drives process and control enhancements, providing expertise in risk/controls and the development of corrective action plans.
  7. Develops and maintains a working knowledge of enterprise risk management, FDIC Financial Institution Letter 44-2008: Third Party Risk Guidance for Managing Third Party Risk and FDIC Financial Institution Letter 3-2012: Payment Processor Relationships Revised Guidance, as well as all applicable regulations governing third party relationships.
  8. Identifies, communicates and monitors third party risks inherent in each line of business. Is an advocate for the company’s Third Party Risk Management program.
  9. Works closely with internal and external partners to build knowledge and understanding of the various unique lines of business to properly assess, monitor and communicate risks.
  10. Updates and maintains departmental procedures to ensure an accurate record of processes and procedures exist to support audits. Discusses changes as needed with management to ensure the quality and consistency of third-party risk activities.
  11. Maintains and trains upon the Third Party Risk Management policies and procedures.
  12. Keeps abreast of BSA/AML compliance and regulatory updates by attending continuing professional education and webinars, reading professional journals and articles, and networking with others in the profession.
  13. Performs other duties as assigned.


Education/Experience Requirements

  • Undergraduate degree in a related field or an equivalent combination of training and experience.
  • Four years bank compliance, controls, or third-party risk management experience.

Preferred Requirements

  • Certified Anti-Money Laundering Specialist (CAMS) certification preferred.
  • Expertise with testing techniques including oversight activities of third parties, performance of controls testing and documentation required to meet the performance standard.
  • Basic knowledge of consumer banking laws and regulations (i.e., FDIC, OCC, CFPB, UDAAP, AML).
  • Strong working knowledge of anti-money laundering (AML), Bank Secrecy Act (BSA) and OFAC regulations.
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong analytical, organization, problem-solving and decision-making skills.
  • Ability to work independently in a highly visible position.
  • Team player able to work effectively in a team fostered, multi-tasking environment.
  • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
  • Position is required to occasionally travel (up to 10 percent).


Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.


The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability. 


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