Senior Third Party Risk Analyst

Job Location US-DE-Wilmington
Full Time


Analyzes third party relationships for risk and creates, modifies, and/or reviews third party contracts, non-disclosure agreement and third-party monitoring programs. Monitors and evaluates the line of business third party risk management and oversight practices and serves as a third-party risk management liaison to the lines of business through ongoing support of Bank’s Enterprise Risk program.
Responsibilities include, but are not limited to, analyzing, monitoring, and managing on-going, performance scorecards and social media; documenting the risk profile of the bank’s third-party relationships, inclusive of business continuity/disaster recovery and bank secrecy act (BSA)/anti-money laundering (AML) regulations; inventory management; and issue management.


Essential Functions

  1. Participates in third party contract negotiations to represent third party risk interests and ensures risks are identified and addressed during the contract process.
  2. Designs, creates, and evaluates performance scorecards in accordance with established corporate guidelines and policies.
  3.  Conducts robust risk assessments/scorecards to identify risks and key controls, both internal and external that mitigate risks.
  4. Designs and executes targeted performance testing through processes. Monitors the performance of third-party relationships for adherence to the contract and key performance indicators.
  5. Supports the Bank’s risk methodology and performs control assessment of identified third parties; inclusive of BSA/AML regulations and business continuity/disaster recovery policies. Supports business partners to conduct in-depth root cause analysis for issues and assist in the development of remediation plans for unsatisfactory controls.
  6. Monitors social media platforms for the Bank and the Bank’s third parties.
  7. Manages the Bank’s third-party inventory.
  8. 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.
  9. Prepares Executive level reporting of key metrics, risk events, issues, and performance testing results.
  10. Assesses and interprets third party documents and other pertinent source documents as necessary to support third-party audit processes.
  11. 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.
  12. Develops and maintains a working knowledge of enterprise risk management, Interagency Guidance on Third Party Relationships: Risk Management and FDIC Financial Institution Letter 3-2012: Payment Processor Relationships Revised Guidance, as well as all applicable regulations governing third party relationships.
  13. Identifies, communicates, and monitors third party risks inherent in each line of business. Advocates for the company’s Third-Party Risk Management program.
  14. Works closely with internal and external partners to build knowledge and understanding of the various unique lines of business to accurately assess, monitor and communicate risks.
  15. 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.
  16. Maintains and trains upon the Third-Party Risk Management policies and procedures.
  17. Performs other duties as assigned.


Education/Experience Requirements

  • Undergraduate degree in a related field or an equivalent combination of training and experience.
  • 4 years of 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.
  • Experience with Archer.

Background & EEO Statement

This job will be open and accepting applications for a minimum of five days from the date it was posted.


Working at The Bancorp Bank, N.A. and Benefits Information: click here

Diversity & Background Screening

Diversity & Inclusion at The Bancorp Bank: click here


The Bancorp Bank, N.A. 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.


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





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