Job description
NASA Federal Credit Union is in search of an experienced Third-Party Risk Specialist with experience in identifying and mitigating risk related to third parties engaged throughout the Credit Union. The Third-Party Risk Specialist will collaborate with key stakeholders in performing risk assessments, due diligence, contract reviews, ongoing oversight, and quality assurance activities involving the Credit Union’s third-party relationships. This position will also apply thorough knowledge of risk best practices, standards, and regulatory requirements (e.g., NCUA, FFIEC, PCI, SOC, etc.) as they relate to third party management and the protection of confidential and/or proprietary information of the Credit Union.
Essential Duties and Responsibilities: include the following with other duties as assigned.
Level I:
- Remains cognizant of and adheres to Credit Union policies and procedures, and regulations pertaining to financial institutions, including the Bank Secrecy Act and OFAC.
- Maintains a working knowledge of third-party risk regulations applicable to financial institutions, including the appropriate due diligence documentation required to satisfy compliance requirements related to third-party due diligence and ongoing oversight.
- Assists with efforts to ensure enterprise-wide requirements for due diligence, risk assessment, and ongoing oversight are met, in accordance with Credit Union policy, federal regulations, and industry best practices.
- Collaborates with third party relationship owners to track, measure, report, and evaluate third- party risk, and complete third-party risk assessments (inherent and/or residual), as applicable.
- Collaborates with business continuity coordinator to track, measure, report, and evaluate third-party resiliency.
- Assists with administrative functions with Governance, Risk and Compliance (GRC) software used for third-party risk management, including procedures, training, and access.
- Assists with enterprise-wide communications, reporting, and metrics on the Third-Party Risk Program.
- Participates in identifying and analyzing conditions, with input from management and key stakeholders, for third parties requiring risk exceptions/acceptance and documents, escalates and retains approval, as needed.
- Assists with contract management in the review, status tracking, execution and return of copies of signed contracts.
- Assists with the Credit Union’s procurement process in the review, status tracking, execution and return of copies of signed orders.
- Supports Risk Management Department functions, as well as other projects and duties, as assigned.
- Actively supports and embraces our core values in all interactions.
Level II: All Level I responsibilities and the following:
- Acts as an administrator of Governance, Risk and Compliance (GRC) software used for third-party risk management, including procedures, training, and access.
- Maintains Third-Party Risk Program documentation, such as policies, procedures, metrics, and reports.
- Identifies and analyzes conditions, with input from management and key stakeholders, for third parties requiring risk exceptions/acceptance and documents, escalates and retains approval, as needed.
- Reviews and evaluates contracts as assigned and provides summary with recommendations around risk mitigation.
- Analyzes Third-Party Risk Program data to ensure data accuracy and integrity and establish associated reports and metrics.
- Consults and collaborates with appropriate departments to enhance the Credit Union’s procurement process to maximize value and mitigate risk to the Credit Union.
Education and Experience:
Level I:
Minimum of three years of regulatory compliance and/or third-party risk experience.
Bachelor’s degree from an accredited college in a relevant field preferred.
Financial institution knowledge/experience preferred.
Experience in contract work is preferred.
Level II:
Minimum of three years of regulatory compliance and/or third-party risk experience.
Bachelor’s degree from an accredited college in a relevant field preferred.
Financial institution knowledge/experience preferred.
Certification in this field, or a paralegal or legal degree, or equivalent work experience.
Minimum of one year of experience in contract work is preferred.
Personal Attributes:
- Highly self-motivated and is a self-starter; works independently.
- Ability to absorb new ideas and concepts quickly.
- Excellent analytical and problem-solving abilities.
- Strong organization and time management skills; works efficiently.
- Sets continuous improvement goals.
- Ability to effectively prioritize and accurately execute tasks in a high-pressure environment.
- Ability to explain complex information and present ideas in a manner that is readily followed.
- Ability to build strong relationships with stakeholders at all levels, internally and externally.
- Excellent written, verbal, interpersonal, and presentation skills; ability to communicate complex details.
- Demonstrates keen attention to detail and possesses excellent problem-solving abilities, capable of identifying, analyzing, and resolving issues while driving solutions to completion.
- Strong business ethics, including the protection of proprietary and confidential information.
Our generous benefit package includes:
NASA Federal Credit Union offers an array of benefits including comprehensive healthcare, 401(k), paid leave, remote work options for applicable positions, and more.
+Insurance coverage begins the 1st day of the month, following 30 days after hire date.
*100% Credit Union-Paid
Full-Time Employee Benefits (Includes all Part-Time benefits listed below)
Health Insurance (Choice of two nationwide PPO plans)
High Deductible Plan: 100% employer contribution toward premium. (HSA and FSA compatible)+*
Low Deductible Plan: Generous employer contribution toward premium. (FSA compatible)+
Dental Insurance: Generous employer contribution toward premium+
Vision Insurance: Generous employer contribution toward premium+
Long-term Disability Insurance+*
Flexible Spending Medical Account (FSA)+
Flexible Spending Dependent Care Account+
Health Savings Account (HSA)+
Voluntary Supplemental Life Insurance+
Voluntary Dependent Life Insurance+
Voluntary Short-term Disability Insurance+
Voluntary Long-term Care Insurance+
Remote or Remote / Hybrid work options based on position
Part-Time Employee Benefits
401(k) with employer match up to 6% and immediate 100% vesting
Gain Sharing Bonus (eligibility rules apply)*
Life Insurance/AD&D+*
Vacation Leave (excluding Outside Loan Officers)
Sick and Safe Leave
11 Paid Holidays
Education Assistance
Employee Referral Bonus*
Credit Union Membership Eligible
Employee Assistance Program+*
Identity Theft Protection (Additional fee to add family members)+*
Pet Health Insurance
Employee Discount Program
Remote or Remote / Hybrid work options based on position
All benefits are based on meeting NASA Federal Credit Union’s eligibility requirements and the carrier’s terms and conditions.
$72,500 - $120,000 a year
*Note: Salary is based on experience and Level.
Posted: 5.2.2025
