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.  

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 Third-Party Risk Management (TPRM) Analyst is responsible for ensuring consistent end to end lifecycle management for engagements across various embedded banking/fintech partners, middleware providers, technology platforms, and general third parties engaged in activities across the Bank.  

Job Function:

• Work directly with vendor owners to gain an understanding of the third-party services and how the business will utilize the services, ensure inherent risks are appropriately identified, and scope the risk assessment based on the level of risk presented by the third-party services.
• Communicate with the vendor owners to help facilitate the completion of questionnaires and submission of documentation needed to support the third-party risk assessment. 
• Provide appropriate guidance and advice to vendor owners by drawing out useful information, asking questions, and analyzing feedback.
• Ensure due diligence reviews, risk assessments, and communication with stakeholders is appropriately documented based upon the Bank’s policy, procedures and internal guidelines.
• 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 and or operations management, third-party relationships, and internal vendor owners. 
• Supports audit reviews, regulatory exams, internal risk and control self-assessments.
• Facilitate the completion of NDA/MNDA’s. 
• Develop and maintain strong interdepartmental relationships with business partners.
• Provide TPRM guidance and assistance in on-going training and awareness activities across the enterprise.
• Help establish appropriate processes and procedures for vendor owners to comply with due diligence and ongoing monitoring requirements.
• Help query and analyze data, from various sources, to construct meaningful risk reports highlighting material risks identified in the third-party assessment and clearly communicate risks to corresponding business owners and management.
• Escalate material risks to management timely and effectively to support the development of risk management strategies (e.g., data breach, service failure, bankruptcy).
• Establish a working knowledge of Thread’s business processes and associated products and services with an understanding of how third-party services are utilized to achieve business goals and objectives. 

• Minimum of two 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.
• 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.
• The ability to influence, motivate and work with 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.