Sr Risk & Control Associate - Third Party Risk Management

Edward Jones

Want a meaningful career where you can make a difference Edward Jones sounds perfect for you.

Collaboration. Autonomy. Opportunity. Words our headquarters associates use when talking about working at Edward Jones. Words that describe what it's like being part of a firm where everyone is aligned toward a singular focus: serving the client. And everyone is working to make the firm better together - as they grow as individuals. If these words resonate with you, we should talk.

Job Overview

Position Schedule: Full-Time

Team Overview:

We are seeking an experienced member to join our team in Third Party Risk Management (TPRM). This is part of Edward Jones' (EDJ) Sourcing organization and manages the risks associated with EDJ's use of and reliance upon Third Party relationships across all business lines.

The Senior Risk and Control Associate is responsible for executing the Firms TPRM program by evaluating, monitoring, and managing risks associated with Third Party Service Providers in alignment with the Firm's strategic objectives and in compliance with applicable laws, rules, regulations, and legal agreements. This includes overseeing strategic and complex due diligence and risk mitigation efforts with cross-functional teams (e.g., Sourcing, Legal, Cyber, Privacy and Business Resilience) and collaborating with business stakeholders across the Firm.

What You Will Do:

• Responsible for working directly and indirectly with Supplier Relationship Owners (SRO), Sourcing and/or other stakeholders to assess the inherent risks associated with using a product or service.

• Lead initial and ongoing Due Diligence to assess whether Third Party Service Providers are capable of (1) providing the product or service, (2) complying with applicable laws, rules, regulations, and Firm policies and (3) demonstrating effective risk management.

• Collaborate with cross-functional teams to identify risk outside the firm's risk appetite and communicate them to SRO's and Leadership.

• Help drive continuous improvement efforts in alignment with direction provided by leadership and industry standards.

• Coordinate with colleagues across departments (e.g., Cyber, Business Resilience, Model Risk, etc.) to assess existing and emerging risks related to the use of Third Party Service Providers

• Assist in the update and rollout of policies, standards and procedures in response to evolving risks, threats, and regulations.

• Perform analysis and prepare materials for Senior Leaders, Division Risk Groups and Enterprise Risk Management.

• Provide education of Third Party Risk Management processes and procedures to Business Stakeholders.

• Support the TPRM program governance framework, including risk assessments, audits, and reporting.

• Support the rollout (e.g., prioritize, test, communicate) of enhancements to the Third Party Risk Management Tool.

• Stays informed on risk industry and educational/development opportunities.

Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program. For more information on the Benefits available to Edward Jones associates, please visit our benefits page.

Hiring Minimum: $96471
Hiring Maximum: $164262

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Skills/Requirements

What Experience You Need:

• BS/BA degree (or equivalent experience)

• Minimum of 4-6 years of experience in risk or specific field of related specialization

• Experience focused on third-party performance and risk management

• Experience with technology and tools that drive risk evaluation and tracks risks at the firm level

• Experience in building relationships and networks, at varying levels in the organization

Knowledge, Skills, and Abilities You Need:

• Past experience illustrating experienced risk knowledge

• Ability to interact with Edward Jones internal teams (businesses, risk domain subject matter experts, etc.) and external third parties

• Strong negotiation, analytical and critical thinking skills.

• Effective verbal and written communication skills and ability to communicate financial and risk implications to drive decision making and alignment

• Strong understanding of relevant industry best practices and regulatory requirements for Third Party Risk Management

• Excellent analytical and problem-solving skills

• Ability to work independently and manage multiple priorities

• Demonstrated track record of applying independent judgement and driving decision making

• Strong business partnering skills

• Strategic thinking: Providing thought leadership in complex, ambiguous situations to deliver change in support of strategic vision

• Systems thinking: Ability to understand broader implications of decisions that lead to proactive identification to drive improvements and support of future state
• Strong interpersonal, written communication and presentation skills at all levels of organization
• Ability to lead in an environment of significant change

What Could Set You Apart:

• Experience in risk management, risk mitigation and/or risk assessment within the financial services industry
• Certifications such as CTPRP, CISA, etc.
• Familiarity with Coupa Risk Assess Platform

Please note: Candidates that live within a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act. Edward Jones is prohibited from hiring individuals with certain specified criminal history as set forth in Section 3(a)(39) and 15(b)(4) and Rule 17a-3(a)(12) of the Securities and Exchange Act of 1934, and conducts background reviews consistent with FINRA Rule 3110(e). A copy of a notice regarding the provisions of the Los Angeles County Fair Chance Ordinance is available at: dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf.

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Awards & Accolades

At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received.

Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones

Check out our Canadian awards and accolades: Insights & Information Blog Postings about Edward Jones

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About Us

Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500¹ company where people come first. With over 8 million clients and 19,000 financial advisors across the U.S. and Canada, we're proud to be privately-owned, placing the focus on our clients rather than shareholder returns.

Behind everything we do is our purpose: We partner for positive impact to improve the lives of our clients and colleagues, and together, better our communities and society. We are an innovative, flexible, and inclusive organization that attracts, develops, and inspires performance excellence and a sense of belonging.

People are at the center of our partnership. Edward Jones associates are seen, heard, respected, and supported. This is what we believe makes us the best place to start or build your career.

View our Purpose, Inclusion and Citizenship Report.

¹Fortune 500, published June 2023, data as of December 2022. Compensation provided for using, not obtaining, the rating.

Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.

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