Corporate Vice President - Head of Third Party Risk Management

Location Designation: Hybrid - 3 days per week 

This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home.

Corporate Vice President, Head of Third Party Risk Management

Overview:
New York Life seeks an experienced, strategic leader to serve as Head of Third-Party Risk Management (TPRM). Sitting in the Second Line of Defense, with oversight into the 1.5 Line of Defense, this role ensures an effective third-party risk management framework. The Head of TPRM will lead a team, manage key oversight programs, and chair the Third-Party Advisory Group (TPAG). This role requires a strategic mindset, expertise in regulatory compliance, risk governance, and operational resilience, along with strong influencing and relationship-building skills. As a trusted advisor to senior leadership, this individual will provide risk insights and drive cross-functional collaboration to strengthen third-party risk management. Additionally, they will serve on the Enterprise Resilience Leadership Team, overseeing the company’s comprehensive third-party inventory, including both traditional and non-traditional third parties. This role requires strong presentation skills and the ability to engage senior executive stakeholders across the company.

Key Responsibilities

• Strategic Leadership: Develop, implement, and oversee the company’s enterprise-wide Third-Party Risk Management program, ensuring alignment with corporate risk appetite and regulatory expectations.
• Governance & Oversight: Lead the governance of third-party risk, including policy development, risk framework enhancements, and oversight of third-party risk assessments.
• Committee Leadership: Serve as Chair of the Third-Party Advisory Group (TPAG), facilitating discussions, risk decisions, and strategic guidance on critical third-party relationships.
• Cross-Functional Collaboration: Work closely with Procurement, Information Security, Legal, Compliance, Business Continuity, and Operational Risk teams to enhance third-party risk practices and resilience.
• Regulatory & Compliance Management: Stay ahead of evolving regulatory requirements related to third-party risk (NAIC, NYDFS, etc.) and ensure compliance through robust risk management practices.
• Risk Identification & Mitigation: Oversee risk assessments, due diligence, and ongoing monitoring of vendors, ensuring risks related to cybersecurity, financial stability, compliance, and operational resilience are proactively managed.
• Reporting & Metrics: Provide executive-level reporting on third-party risk posture, trends, including key risk and performance indicators (KRI / KPIs)
• People Leadership: Manage and develop a high-performing team, ensuring talent development and continuous improvement within the TPRM function.
• Crisis & Incident Response: Collaborate with Crisis Management and Business Continuity teams to ensure vendor-related disruptions are effectively managed and mitigated.

Qualifications

• 10+ years of experience in Third-Party Risk Management, Operational Risk, or Vendor Management within a large financial institution, insurance company, or regulated entity.
• Strong knowledge of third-party risk frameworks, regulatory expectations (NAIC, OCC, NYDFS, FFIEC), and industry best practices (e.g., NIST, SIG, ISO 27001, SOC reports).
• Proven ability to strategically influence and develop strong relationships with senior executives, regulators, and cross-functional stakeholders.
• Experience managing Second Line and 1.5 Line oversight functions with direct interaction with senior executives and regulatory bodies.
• Proven experience leading risk committees and / or governance forums.
• Exceptional leadership, stakeholder management, and influencing skills.
• Bachelor’s degree required; and relevant certifications (e.g., CTPRP, CISSP or similar).

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Pay Transparency

Salary Range:  $137,500-$237,500 

Overtime eligible: Exempt 

Discretionary bonus eligible: Yes 

Sales bonus eligible: No 

Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.

Our Benefits

We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work. Click here to discover more about our comprehensive benefit options or visit our NYL Benefits Site.

Our Diversity Promise

We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.

Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.

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Job Requisition ID: 91603