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VP, Third Party Program Governance

Company: Moody's Investors Service
Location: New York
Posted on: August 7, 2022

Job Description:

Moody's is seeking a VP, Third-Party Governance who will report to the SVP-Risk Management in the 1st Line of Defense and will be responsible for working within the Moody's Corporate (MCO) third party risk management framework to implement and operationalize the Corporate third party risk framework and provide oversight of Moody's Investors Service (MIS) Business Lines that engage with third parties for business services. This will include coordination with various partners such as the MCO Third-Party Risk Management (TPRM) Centre of Excellence (COE) and MIS 2nd Line of Defense in ensuring that third-party risks are handled effectively within MIS.This individual will ensure Business Owners' adherence to the TPRM Policy and Standard and coordinate with the COE as needed to support and operationalize the TPRM Policy and Standard, including developing summary level monitoring and reporting as required.The Vice President Third-Party Risk Management will coordinate with Internal Audit for any TPRM audits and provide monitoring updates for any findings and related remediations.Functional Responsibilities

  • Lead MIS TPRM program implementation and ongoing program enhancements
  • Work with MIS Business Owners and COE to assess sourcing requests via the Preliminary Assessment Questionnaire, which is used to determine the third-party's Criticality Tier at the planning phase.
  • Consult with Business Owners on development of exit plans based on third-party's Criticality Tier at the planning phase.
  • Work closely with Business Owners to hold suppliers responsible for remediation or quantify and accept risks discovered during the Due Diligence and Ongoing Monitoring phases, and raise to risk committees as necessary.
  • Partner with Business Owner in defining termination checklist, ensuring it gathers all requirements applicable to the third-party's risk profile, and to transition activities in-house or to an alternative service provider as necessary.
  • Provide consultation on preparation of regulatory reporting, coordinating any inputs the COE requires from the Business Owners.
  • Perform QA as required on key third-party related processes within MIS and COE outputs and reporting. Provide inputs on the third-party risk assessment performed by the business lines.
  • Facilitate root-cause analysis on third-party risk events and ensure that identified control gaps/weaknesses have a remediation plan.
  • Provide oversight on timely remediation of any control weaknesses within MIS business process related to third-party risks
  • Develop and prepare aggregated reporting of (a) the overall SLA performance trends and periodic summary of MIS third-party performance to the COE and MIS Third-Party Risk, and (b) MIS Third-Party KRIs
    • Undergraduate degree, preferably in finance, accounting, economics, or risk
    • Graduate degree and/or relevant professional risk management qualification a plus
    • 10+ years of business experience along with strong technical skills related to risk management, preferably third party risk, operational risk or supplier management for a globally regulated organization
    • 5+ years working in third party governance, preferably with experience implementing new TPRM governance programs
    • Has operated in a highly regulated environment where they have needed to build and maintain processes to meet regulatory obligations
    • Thinks critically and is able to identify problems and develop innovative solutions
    • Strong influencing and negotiating skills
    • Prior experience working with senior leaders in a functional or strategic capacity, as well as ability to work both self-directed and as part of a teamRatings and Operational ControlsMust be fully vaccinated for COVID-19 (i.e., at least 2 weeks after last dose) and, if hired, present proof of vaccination on start date, as determined by Moody's. Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, gender, age, religion, national origin, citizen status, marital status, physical or mental disability, military or veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Moody's also provides reasonable accommodation to qualified individuals with disabilities or based on a sincerely held religious belief in accordance with applicable laws. If you need to inquire about a reasonable accommodation, or need assistance with completing the application process, please email . This contact information is for accommodation requests only, and cannot be used to inquire about the status of applications. For San Francisco positions, qualified applicants with criminal histories will be considered for employment consistent with the requirements of the San Francisco Fair Chance Ordinance. This position may be considered a promotional opportunity, pursuant to the Colorado Equal Pay for Equal Work Act. Click here to view our full . Click here for more information on . Click here to view our .Moody's (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Our data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,000 employees in more than 40 countries, Moody's combines international presence with local expertise and over a century of experience in financial markets. Learn more at .At Moody's, we're taking action. We're hiring diverse talent and providing underrepresented groups with equitable opportunities in their careers. We're educating, empowering and elevating our people, and creating a workplace where each person can be their true selves, reach their full potential and thrive on every level. Learn more about our DE&I initiatives, employee development programs and view our annual DE&I Report at Moody's Investors Service is among the world's most respected and widely utilized sources for credit ratings and research. Our opinions and analysis on a broad range of credit obligors and obligations are valued around the world for their insight and rigor.At MIS, our workplace culture supports our mission to be the Agency of Choice for our customers, employees and future employees. Our Culture focuses on Excellence and embodies behavioral qualities such as Integrity, Responsiveness, Collaboration, Respect and Passion. Our people are our core asset and we look beyond outcomes to ensure that behaviors and interactions matter.

Keywords: Moody's Investors Service, New York , VP, Third Party Program Governance, Executive , New York, New York

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