Associate Principal, Third Party Risk Management

| Chicago


The Third Party Risk Management (“TPRM”) department identifies, measures, monitors and reports risks presented to the organization by third parties through several phases: onboarding/off-boarding, risk assessments, monitoring and issue management, and reporting.

The Associate Principal will provide critical support to Third Party Risk Management by completing risk assessments, mitigation support, as well as preparing management reports. The Associate Principal will be working across multiple lines of business to assist with TPRM efforts to monitor and manage Third Party Relationships in compliance with TPRM procedures. In this role, they will have governance and oversight responsibilities to ensure third parties are properly assessed. In addition, the Associate Principal shall lead special projects as assigned.

Primary Duties and Responsibilities:

  • Establish and maintain partnerships with internal and external stakeholders to ensure effective collaboration to identify, measure and manage Third Party risks and controls

  • Assist in coordination with key stakeholders across multiple departments to initiate, scope and plan Third Party risk assessments of new and existing Third Party engagements (Vendors, FMU’s, Exchanges, Clearing Members, Banks & other third parties)

  • Complete Third Party risk assessments and ensure quality of work performed by other analysts

  • Oversee risk-based analysis, such as communication of identified risks to key stakeholders, organizing remediation action plans, and track and monitor identified Third Party risks to closure

  • Oversee planning, due diligence, monitoring and offboarding of Third Party services

  • Assist with the creation and development of standardized reports, templates and scorecards used to inform management on Third Party risks

  • Present Third Party findings to various levels of leadership

  • Maintain an up to date understanding of emerging financial, operational, Third Party and regulatory/compliance related information to contribute to the continuous improvement of the Third Party risk management program

  • Enhance and contribute to Third Party Risk strategies, tools, and methodologies to measure, monitor, and report risks

  • Develop and maintain job aids in support of TPRM procedures

  • Assist with TPRM training

  • Assist with regulatory and audit requests

  • Lead special projects as assigned


  • Ability to anticipate, draw conclusions, and adapt to changing needs and demands

  • Prior Third Party Risk Management, Audit or Enterprise Risk Management experience

  • Excellent verbal, written and interpersonal communication skills, including the ability to communicate effectively with all levels of staff and management

  • Strong analytical skills, problem solving, strategic thinking and reasoning abilities

  • A high degree of integrity, professionalism, and capacity to excel in a cohesive team environment

  • Ability to work independently on projects with little oversight or as part of a team

  • Detail oriented with the ability to multitask and quickly adapt to changing assignments

Technical Skills:

  • Proficient in Microsoft Word, Excel, Access, and PowerPoint

Education and/or Experience:

  • Bachelor’s Degree (or equivalent)

  • Master’s Degree (preferred)

  • At least 5 years of experience in Risk Management, Third Party Risk, Auditing or the equivalent

  • Comprehensive knowledge of Third Party Risk Management processes and methodologies

Certificates or Licenses:

  • Preferred CISA, CRISC, or other certifications for Security or Business Continuity

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Adjacent to the Willis Tower, close to CTA, Metra and expressways with plenty of food and entertainment options nearby.

An Insider's view of OCC

What are some social events your company does?

Monthly happy hours, summer and winter outings and cultural celebrations to honor our diverse workforce.


Principal, Diversity and Inclusion

What are OCC Perks + Benefits

OCC Benefits Overview

Educational Assistance and Student Debt Forgiveness, 12-week paid parental leave, technology stipend up to $2,000, mobile data reimbursement of $35 per month. Open offices, online health coaching.

Volunteer in local community
Each year, OCC employees select a locally-based charitable organization for each of our three offices (Chicago, Dallas and Washington, D.C.). We offer multiple opportunities to get involved.
Friends outside of work
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Open office floor plan
Dedicated Diversity/Inclusion Staff
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Retirement & Stock Options Benefits
401(K) Matching
OCC provides employees with a 401(k) matching plan managed by Fidelity. We match 50% of contributions up to 6% of an employee's annual gross pay.
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Flexible Work Schedule
OCC provides employees with a flexible work schedule that includes Flexible start and end times.
Vacation & Time Off Benefits
Generous PTO
OCC employees receive between 22 and 32 days per year of paid time off based on years of service.
Paid Volunteer Time
Our employees receive 8 hours per year of paid volunteer time.
Eligible employees get 30 days of paid sabbatical after their first 10 years of working at the company.
Paid Holidays
Perks & Discounts
Commuter Benefits
OCC Offers pre-tax commuter benefits for employees in Chicago and Washington, D.C.
Happy Hours
Happy hours are hosted Once per month.
Relocation Assistance
OCC offers relocation assistance which varies based on the position level and location.
Professional Development Benefits
Job Training & Conferences
OCC offers employees professional development opportunities including onsite training courses and the ability to attend job related certification courses, conferences and seminars.
Tuition Reimbursement
Our tuition reimbursement plan offers an annual max of $1000.
Lunch and learns
OCC hosts leadership lunches on a regular basis so you can learn about your colleagues and their unique backgrounds.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications
Employees are strongly encouraged to stay current in relevant technologies and supports certification programs.
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