COMPANY DESCRIPTION:
Forbright is a nationwide full-service bank and lender helping accelerate the transition to a sustainable and low-carbon economy. Headquartered in Chevy Chase, Maryland, Forbright is committed to accelerating the transition to a sustainable economy by financing visionary leader in clean energy, healthcare, technology, financial services, real estate, and other industries with extraordinary service.
COMPANY CULTURE:
We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible environmental, social, and governance (ESG) practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
COMPANY MISSION:
We are a mission-driven institution with an uncommon commitment to decarbonization and sustainability. As the need to build a more sustainable, low-carbon economic system grows increasingly urgent, we are dedicating half of our assets to financing the companies, investors, and innovators driving that change. We are reimagining how a bank should operate in a changing world.
JOB SUMMARY:
The Third Party Operations Specialist is responsible for executing operational components of the Third Party Risk Management (TPRM) lifecycle: initial risk assessment, periodic due diligence, ongoing monitoring, and offboarding. This role is part of the Chief Risk Officer’s organization and reports to the SVP, Director of Operational Resilience in the 2nd Line of Defense.
DUTIES AND RESPONSIBILITIES:
- Execute operational components of Third Party Risk Management (TPRM) lifecycle: initial risk assessment, periodic due diligence, ongoing monitoring, and offboarding
- Partner with business stakeholders to help them navigate the centralized TPRM process
- Review inherent risk questionnaire (IRQ) responses
- Initiate and coordinate vendor due diligence reviews
- Perform non-technical third party due diligence reviews
- Partner with subject matter experts (SME) to coordinate their reviews
- Prepare annual vendor packages
- Document, monitor, and report on third party issues and policy exceptions
- Document TPRM procedures and controls
- Perform reconciliation to maintain a complete and accurate third party book of record
QUALIFICATIONS:
- Bachelor's Degree or equivalent works experience required
- 4+ years of proven work experience in third party operations required
- Hands on experience with RSA Archer and JIRA required
- Strong excel knowledge required
- Familiarity with Interagency Guidance on Third-Party Relationships: Risk Management (FIL-29-2023) preferred
- Prior project management experience preferred
POSITION REQUIREMENTS:
The requirements described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. Work is conducted primarily in an office; however, some positions may be conducted remotely via technology. While performing duties of this job, the employee may be regularly required for prolonged periods of time to:
- Sit or stand at a desk
- Utilize a computer monitor with visual acuity
- Operate technology and other office machinery such as printers, fax machines, scanners, etc.
- Communicate clearly both verbally and in writing with others
The pay range for this position is below. The specific rate will depend on the successful candidate’s qualifications and prior experience. $80,000 (entry level qualifications) to $120,000 (highly experienced).
ADDITIONAL DUTIES:
For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.
PERKS/BENEFITS:
- Comprehensive health, dental, and vision plans
- 4 weeks PTO
- 401k + company match
- Metro SmartTrip benefits ($50/mo)
- Remote or hybrid work schedules for most positions
- Bonuses for purchasing solar panels, electric vehicles, biking to work, etc.
- Paid subscriptions to Veterans Compost, Imperfect Foods, and more!
- Best Workplaces for Commuters 2023 & 2024 winner
- The Washington Post Top Workplaces 2023 winner
- American Banker Best Banks to Work For 2023 winner
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
