Risk Management Specialist (onsite)

Develop and maintain a comprehensive understanding of the Bank's risk management framework, including applicable regulatory requirements and industry best practices. Build and manage effective relationships with stakeholders across the organization by serving as a resource for risk-related matters, including assisting with real-time solutions for questions, scenarios, and issues. Proactively escalate risk-related matters, including complex situations, potential issues, and exception items to the Vendor Management Program Manager and other members of management, as appropriate. Review and support the development of departmental procedures to ensure they provide the information needed for employees to perform business processes effectively and accurately. Support the execution of effective third-party risk management practices, including facilitating the completion of third-party risk assessments, collecting and reviewing due diligence documentation, and supporting reviews of vendor reports such as SOC reports, Business Continuity Plans, and Incident Response Plans. Coordinate contract review processes with designated members of management and monitor adherence to third-party risk management requirements. Assist with the preparation of materials and documentation for internal audits, regulatory examinations, and independent reviews. Participate in risk-related projects, process improvement initiatives, and implementation efforts that strengthen the Bank's overall control environment. Support the resolution and documentation of incidents and control deficiencies. Maintain documentation detailing reviews performed and implemented controls. Support the administration of risk management systems, including user access management, system maintenance activities, reporting, and user support. Ensure that efficiency within your functional areas of responsibility is consistent with or better than peer organizations and other industry competitors by remaining abreast of industry trends and taking action when appropriate. Oversee the identification and implementation of efficiency opportunities within your area and in collaboration with other areas. This onsite opportunity at our corporate office in Newtown, CT includes a remote option of one day per week.