Third-Party Risk Manager
Confirmed on the employer's own hiring board on Nov 11, 2026. First seen by Alion on Nov 5, 2026.
Description
At First Electronic Bank (FEB), we are driven by the purpose to make credit accessible to everyday Americans, and their businesses. Partnering with some of the most innovative FinTech companies in the nation, we offer a wide range of consumer and commercial credit products on a national basis. Offering revolving lines of credit, private-label credit cards, installment financing programs and more, FEB’s engages with strategic, collaborative partnerships, promoting services and products to provide the most beneficial consumer and commercial financing solutions.
We are looking to add a Third-Party Risk Manager to our dynamic compliance team. The Third-Party Risk Manager is responsible for supporting the Bank’s Third- and Fourth Party Risk Management Programs through the assessment, monitoring, and ongoing oversight of third and fourth-party relationships. This role partners closely with internal stakeholders and strategic partners to identify, evaluate, and mitigate risks associated with vendors, service providers, and critical subcontractors.
The position plays a key role in conducting due diligence reviews and monitoring risk exposure and ensuring compliance with regulatory requirements and Bank policies.
What You’ll Do:
Risk Assessment & Due Diligence
- Conduct due diligence and risk assessments for third-party vendors, strategic partners, merchants, and critical fourth-party relationships.
- Review financial, operational, compliance, information security, and business continuity documentation.
- Identify risks and recommend mitigation strategies.
Ongoing Monitoring & Issue Management
- Perform ongoing monitoring activities commensurate with risk.
- Track remediation efforts and risk treatment plans.
- Escalate emerging risks and control deficiencies.
Third- and Fourth-Party Oversight
- Assess third-party and fourth-party relationships for compliance with Bank standards and regulatory expectations.
- Review strategic partners' vendor management practices and critical subcontractor oversight.
- Maintain inventories and supporting documentation.
Merchant and Strategic Partner Risk
- Support onboarding and ongoing risk assessments of merchants and strategic partners.
- Evaluate business models, control environments, and risk management practices.
- Identify operational, compliance, financial, and reputational risks.
Reporting and Examination Support
- Prepare risk reporting and management information.
- Support regulatory examinations and audits.
- Assist with remediation of findings.
- Assess regulatory changes impacting areas of Third-Party Risk and Control assessment to determine and implement any actions required.
- Stay updated on industry best practices to support continuous process improvement.
Requirements
What We're Looking For:
- Bachelor's degree in business, Finance, Risk Management, or a related field.
- Minimum of 5 years of experience in risk management, compliance, audit, or third-party risk management within sponsor banking or financial services.
- Strong analytical and problem-solving skills, excellent communication and interpersonal abilities, and proficiency in risk management tools and software.
- In-depth understanding of regulatory requirements and industry standards related to third and fourth-party risk management
- Thorough knowledge regarding the use of Microsoft Product Suite, including Word, Excel, PowerPoint and SharePoint
- Third Party Risk Management certification is preferred
This position is located in Salt Lake City and is a combination of in-office and remote work.