Who We Are:
We believe the future of banking is digital, connected, contextual, and customer-first.
We dreamed of a better way of banking for business and their busy owners, so we built Thread Bank. Our digital-first solutions combine the best-in-class technology with a streamlined customer experience to reduce the time, effort, and mental energy required to do everyday business and personal banking.
Next, we created an easy-to-implement, easy to sell, embedded banking solution. It empowers business technology platforms to offer the same simplified, secure, small business banking experience we offer to our customers. These partners use our embedded banking to diversify and strengthen relationships with their customers, who in turn experience digital banking provided by people they trust.
And we didn’t stop there.
We are continually innovating and investing in building our financial ecosystem. Through meticulously selected partnerships, we utilize our technology platform and charter to empower other banks, credit unions, and FinTechs to integrate fully compliant financial solutions into their customer experience without the hassle of building them.
Connected, together, we thrive.
Thread Bank is a fast-growing financial technology enabled community bank. We are the bridge between community banking and best-in-class financial technology. Our mission is to provide individuals and businesses the value of a community bank delivered to customers where they are with intuitive technology.
Our culture reflects the innovation and growth of a fintech coupled with the stability of a bank. We are family friendly. We collaborate functionally to deliver results. We work hard with flexibility and individual autonomy. We provide excellent benefits including health insurance and 401k with company match.
What We Are Looking For:
We are looking for people who thrive in a fast-paced, growth environment while remaining within regulatory boundaries. Thread Bank provides a unique opportunity to be a part of a high growth, cutting edge, fintech startup within the stable and profitable banking industry. This is an excellent opportunity for a professional looking to advance their career as the company grows.
Position Objectives:
The Director of Third-Party Risk Management (TPRM) will be responsible for the execution and oversight of the Bank’s TPRM lifecycle requirements across the Bank’s ecosystem, including Embedded Banking partners, middleware providers, technology platforms, and traditional third parties. The Director of TPRM will be accountable for the development and oversight of the end-to-end Third-Party Risk Management program and will ensure alignment with the Bank’s Enterprise Risk Management Framework.
Job Function:
- Plan, direct, and lead the operations of the TPRM Program.
- Act as a subject matter expert (SME) to internal and external stakeholders, including the Embedded Banking business line.
- Foster strong stakeholder relationships to enable active and collaborative working relationships.
- Takes a leading role in updating and maturing the TPRM policy, procedures, guidelines, templates, forms and overall governance process, to create a robust and scalable program.
- Effectively communicate with Senior Managers, business leaders, internal and external support services, fintech partners, vendor owners, and outside third parties to build and maintain strong partnerships that support a mature TPRM Program.
- Serve as the SME for the review of potential and established Embedded Banking partners, as well as new initiatives.
- Ensure the Bank’s TPRM Guidelines are extended to Embedded Banking Partners.
- Provide TPRM risk mitigation strategies; advise senior management and executives in understanding and managing TPR across the bank’s ecosystem.
- Champion behaviors that embed a strong risk management culture across the first and second lines, including strong awareness of TPRM policies and practices.
- Ensures adequate development of risk assessments for all new and on-going third-party relationships, that align with the Bank’s TPRM Program and ERM Framework.
- Coordinates contract reviews with legal, third-party relationships, and internal vendor owners.
- Reviews viability of third-party services platform and makes recommendations on viable other options.
- Prepares monthly, quarterly, and annual reporting to appropriate stakeholders that reflects the overall health and risk profile of the TPRM Program.
- Leverage data-driven insights and provide oversight and challenge on key risk indicators.
- Supports audit reviews, regulatory exams, and internal risk and control self-assessments.
- Minimum of five years of financial service-related experience supporting the TPRM function.
- Knowledge of nontraditional banking activities including fintech/embedded banking essential.
- In-depth understanding of relevant laws, regulations, guidance and industry standards governing third-party relationships in the finance sector
- CTPRP or similar designation preferred • Bachelor’s degree from an accredited university in Finance, Accounting or related Business Management field.
- Demonstrated ability to build strong relationships across the organization and possess excellent interpersonal and communication skills
- Strong leadership skills with the ability to influence, motivate and lead others within a fast-paced environment
- Strong project management skills, with proven ability to coordinate multiple tasks on an ongoing basis.
- Knowledge of SOC and SSAE 18 reports, user entity controls, contract language and terms, data security, disaster recovery, and insurance.
- Ability to develop training materials and train individuals in TPRM processes, risk assessments, etc.
EEO Statement:
Thread Bank is an Equal Opportunity Employer and Prohibits Discrimination and Harassment of Any Kind. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Thread Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, sex, sexual orientation, gender identity, national origin, veteran or disability status, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Thread Bank will not tolerate discrimination or harassment based on any of these characteristics. Thread Bank encourages applicants of all ages.
