Director responsible for managing Affiliate Transaction and Third-party risk management programs at Ford Credit Bank. Leading compliance and operational risk efforts while developing a high-performing team.
Responsibilities
Coordinate the development and implementation of the Bank’s Affiliate Transaction and Third-party risk management programs to align with the Bank’s risk appetite and comply with Sections 23A and 23B of the Federal Reserve Act and Regulation W
Establish and maintain effective Affiliate Transaction program procedures and processes for receiving and handling notification of potential affiliate transactions, specific compliance measures to be taken, and the validation of such measures
Develop a framework for creating, reviewing, and updating documentation and reporting to ensure compliance with Market Terms requirements and program level procedures to calculate and document blocked deposit amounts
Develop a framework to perform Third-party supplier risk assessments to ensure compliance with Bank policy
Develop and maintain Affiliate Transaction and Third-party risk-related monitoring, reporting and escalation processes and systems and serve as the subject matter expert in all activities related to affiliate transactions and third-party risk
Consult and help design first line operational Affiliate Transaction and Third-party risk reporting and controls
Act as the primary contact for regulatory examinations, internal audits, and external audits of the ATPRM programs. Respond to exams and audit concerns and coordinate corrective action of all related findings
Establish an Anti-Tying program, which include monitoring, reporting and escalation procedures and processes to ensure regulatory and bank policy compliance
Coordinate and deliver Affiliate Transaction, Third-party risk management, and Anti-Tying related training to directors, management, and employees to ensure integration of an Affiliate Transaction and Third-party risk mindset throughout the Bank
Recommend changes to risk appetite metrics and thresholds as part of the annual and interim reviews
As part of the risk assessments evaluate existing controls and recommend new control requirements, where applicable
Recommend enhancements to the policies and standards, where applicable
Review and challenge the overall risk control environment for Affiliate Transaction and Third-party risk
Oversee activities of the ATPRM team, develop personnel, and collaborate with other department heads to deliver on specific objectives and initiatives
Represent the Bank in civic and community reinvestment functions
Requirements
Bachelor’s degree preferred
10+ years of banking experience
A minimum of 2 years' experience as an Affiliate Transaction and Third-Party Risk Manager
Advanced knowledge of lending interagency regulations and applicable state laws
Strong communication and presentation skills and proven customer service experience
Exceptional analytical skills and the ability to work with complicated financial data
Excellent organizational skills and the ability to work well under pressure both independently and collaboratively within a team environment
Strong ethical behavior and the ability to work with sensitive information
Excellent leadership skills and the ability to train and develop employees, and align them to specific objectives
Benefits
Immediate medical, dental, vision and prescription drug coverage
Flexible family care days, paid parental leave, new parent ramp-up programs, subsidized back-up child care and more
Family building benefits including adoption and surrogacy expense reimbursement, fertility treatments, and more
Vehicle discount program for employees and family members and management leases
Tuition assistance
Established and active employee resource groups
Paid time off for individual and team community service
A generous schedule of paid holidays, including the week between Christmas and New Year’s Day
Paid time off and the option to purchase additional vacation time.
Job title
Director of Affiliate and Third Party Risk Oversight
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