Director, Third Party Risk Management
Your Opportunity
Your opportunity
At Schwab, you’re empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us “challenge the status quo” and transform the finance industry together.
Reporting directly to the Managing Director of the Third-Party Risk Management (TPRM) team, this role will be at the forefront of safeguarding our enterprise by managing third-party risk in accordance with the team’s Second Line of Defense (2LOD) responsibilities.
This is a high impact individual contributor position, with the opportunity for cross-functional collaboration across all Lines of Defense, and the ability to lead transformative initiatives to reduce risk, enhance operational efficiency, and support Schwab’s commitment to integrity and excellence. You'll oversee third-party risk assessments, evaluate potential risks tied to external products and services, ensure compliance through monitoring activities, and drive impactful reporting and data management—all while upholding our company policies and standards.
Key Responsibilities:
- Drive efficiency, consistency, and risk reduction by identifying and implementing process improvements across the TPRM lifecycle.
- Strengthen program effectiveness to better identify, manage, and measure third-party risks.
- Develop and analyze KPIs and KRIs to assess program performance and risk exposure.
- Enhance governance frameworks, policies, and procedures to ensure consistent third-party risk management practices.
- Build and maintain strong partnerships with key stakeholders, including business units, risk, compliance, legal, and technology teams.
- Design and lead 2LOD quality control efforts to ensure compliance with TPRM standards and regulatory requirements.
- Oversee third-party inventory management, including process mapping and system integration, to support accurate risk assessments and reporting.
- Conduct independent, effective challenge, and reviews of inherent risk screening questionnaires to ensure thorough risk identification and mitigation.
- Govern the fourth-party risk management program, including documentation, procedures, and monitoring protocols.
- Monitor progress on strategic initiatives, resolve barriers, drive adoption, and align efforts with enterprise objectives.
- Manage TPRM initiative portfolio to align processes and data for AI implementation opportunities.
- Advise business partners on process and control enhancements to improve third-party relationship management and address unique risk factors.
- Oversee TPRM lifecycle processes, track performance and ensure adherence to policy and standards.
- Provide thought leadership, industry expertise, and maintain an audit-ready posture.
What you have
Required Qualifications:
- 7+ years of experience in third party risk management with a strong track record in process optimization, proactive risk identification and mitigation strategies.
- Demonstrated executive presence and adaptability to evolving risk landscapes.
- Direct experience leading Third Party Risk programs, including conducting inherent risk assessments and managing comprehensive due diligence processes.
- Background in sourcing, contract management, and/or third-party negotiations, contributing to effective vendor oversight and strategic partnerships.
- Deep understanding of risk management frameworks within financial institutions, including regulatory compliance with SR 23-4 and enforcement of internal policies and standards.
- Bachelor’s degree in Business, Risk Management or related field of study.
Preferred Qualifications:
- MBA or other advanced degree preferred.
- Exceptional written, verbal, and interpersonal communication skills, with a proven ability to motivate and inspire teammates.
- Demonstrated experience collaborating with regulatory agencies.
- Strong organizational skills with the ability to manage and prioritize multiple projects and responsibilities effectively.
- Proven success in fast-paced, dynamic environments with evolving priorities and processes.
- Skilled in partnering with and influencing diverse stakeholders, including members of risk management committees.
- Exemplary leadership and strategic problem-solving capabilities.
- Strong analytical mindset with a track record of driving results through data-backed insights.
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
What you are good at
What you have
Required Qualifications:
- 7+ years of experience in third party risk management with a strong track record in process optimization, proactive risk identification and mitigation strategies.
- Demonstrated executive presence and adaptability to evolving risk landscapes.
- Direct experience leading Third Party Risk programs, including conducting inherent risk assessments and managing comprehensive due diligence processes.
- Background in sourcing, contract management, and/or third-party negotiations, contributing to effective vendor oversight and strategic partnerships.
- Deep understanding of risk management frameworks within financial institutions, including regulatory compliance with SR 23-4 and enforcement of internal policies and standards.
- Bachelor’s degree in Business, Risk Management or related field of study.
Preferred Qualifications:
- MBA or other advanced degree preferred.
- Exceptional written, verbal, and interpersonal communication skills, with a proven ability to motivate and inspire teammates.
- Demonstrated experience collaborating with regulatory agencies.
- Strong organizational skills with the ability to manage and prioritize multiple projects and responsibilities effectively.
- Proven success in fast-paced, dynamic environments with evolving priorities and processes.
- Skilled in partnering with and influencing diverse stakeholders, including members of risk management committees.
- Exemplary leadership and strategic problem-solving capabilities.
- Strong analytical mindset with a track record of driving results through data-backed insights.
Why Schwab?
At Schwab, “Own Your Tomorrow” embodies everything we do! We are committed to helping our employees unleash their potential and achieve their dreams. Our employees get to play a central role in disrupting a multi-trillion-dollar industry, creating a better, more modern way to build and manage wealth. We’re a modern financial services firm that stands apart from the industry, where you can go as far as your ambition takes you.
Hear from employees: What’s it like to work at Schwab!
The benefits of working at Schwab : a package designed to empower your health, wealth, career and life. Schwab is committed to building a diverse and inclusive workplace where everyone feels valued.
As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law. (Please click here to see policy.)
Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity.