Vendor Risk and Controls Manager

n executing a comprehensive third-party risk management framework, ensuring compliance with regulatory requirements, and mitigating potential risks related to vendor services in order to support business partners across the firm in the accurate, efficient, and complete assessment of their third-party vendors. The ideal candidate will have a strong background in risk management, vendor governance, and compliance within a highly regulated industry.

What you'll do:

• Execute a robust third-party risk management framework to assess, monitor, and mitigate vendor risks through risk assessment and oversight activities

• Consistently follow risk assessment methodologies to evaluate third-party vendors based on criticality, compliance, cybersecurity, operational resilience, and financial stability

• Drive completion of risk assessments and identify obstacles to contracting or continued relationships with third parties

• Ensure risk assessment reviews are thorough and confirm completion of due diligence prior to agreement signature

• Ensure that all activities and efforts are consistent with Schwab policies and guidelines and in alignment with regulatory guidance

• Ensure third-party risk management practices comply with industry regulations, internal policies, and best practices

• Stay updated on evolving regulatory landscapes affecting third-party risk and recommend necessary program adjustments

• Establish risk mitigation strategies for high-risk vendors

• Conduct regular risk reporting and escalate critical vendor risks to leadership

• Leverage third-party risk management tools and technology to streamline all aspects of risk reporting

• Drive automation and efficiency improvements in team processes

• Responsible for adhering to third-party risk metrics supporting completeness, accuracy and timeliness of third-party risk activities

• Assists with acquiring data and providing information during Internal Audit Reviews and Regulatory Examinations

What you have

To ensure that we fulfill our promise of "challenging the status quo," this role has specific qualifications that successful candidates should have.

Required Qualifications:

• Bachelor's degree or equivalent professional experience is required

• 3+ years of professional experience in vendor management, risk management, or internal audit

• 2+ years of experience working in a highly regulated financial services environment

• Proficiency in third-party risk management tools and technologies solutions

• Strong understanding of risk frameworks, regulations, and best practices

• Knowledge of emerging vendor risks such as AI ethics, ESG risks, and geopolitical risk

• Knowledge of internal controls, financial/banking regulations, operational risk and/or vendor risk assessments

• Excellent analytical, problem-solving, and decision-making skills

• Leadership and stakeholder management abilities

• Professional certification(s) applicable to risk management such as the CTPRP or CRVPM

• Ability to work independently with close attention to detail with a record of tracking and measuring results

• Demonstrated ability to handle ambiguity, while implementing new requirements

• Able to build positive relationships throughout the organization

• Excellent interpersonal, verbal and written communication skills

What's in it for you

At Schwab, we're committed to empowering our employees' personal and professional success. Our purpose-driven, supportive culture, and focus on your development means you'll get the tools you need to make a positive difference in the finance industry. Our Hybrid Work and Flexibility approach balances our ongoing commitment to workplace flexibility, serving our clients, and our strong belief in the value of being together in person on a regular basis.

We offer a competitive benefits package that takes care of the whole you - both today and in the future:

• 401(k) with company match and Employee stock purchase plan
• Paid time for vacation, volunteering, and 28-day sabbatical after every 5 years of service for eligible positions
• Paid parental leave and family building benefits
• Tuition reimbursement
• Health, dental, and vision insurance