Director, Third Party Risk Management

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.