Senior Third Party Risk Analyst (Remote)

Job Location US-DE-Wilmington
Full Time


Analyze third party relationships for compliance, operational, financial, and regulatory risks. Evaluate and assess the third party’s BSA/AML controls and financial position to identify risks and key controls and serve as a third party risk management liaison to the lines of business.  Responsibilities include, but are not limited to, documenting the risk profile of the bank’s third-party relationships, contract analysis, issue management, and on-going communication.


Essential Functions

  1. Conducts robust BSA/AML regulatory and financial 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 contracts and root cause. Records activities and risk events in the corporate internal tracking system.
  4. Prepares Executive level reporting of key metrics, risk events and issues.
  5. Assesses and interprets AML/BSA/KYC and financial 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. 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

  • 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).

Background & EEO Statement

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


The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.


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