Third Party Risk Director

Citizens Bank
Boston
Workplace: HybridFull timeUSD 178,000 - 186,000 annuallyFunction: Legal, Risk & ComplianceExperience: 5+ yearsEducation: bachelorsSkills: ["Executive presence","Interpersonal skills","Leadership","Communication","Influencing others","Critical thinking","Problem-solving"]

Senior risk and compliance leader designing and executing a framework for third‑party payments oversight, partnering with Legal and control functions to ensure fintech/BaaS partners comply with regulations, bank policies, and payment network rules; leads a payments team and engages with executives while traveling as needed.

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Citizens Bank
Citizens Bank
2 months ago

Third Party Risk Director

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Source: Company careers pageValidated by: Fursa AI
Last checked: 18 hours agoStatus: Live

Job Summary

Senior risk and compliance leader designing and executing a framework for third‑party payments oversight, partnering with Legal and control functions to ensure fintech/BaaS partners comply with regulations, bank policies, and payment network rules; leads a payments team and engages with executives while traveling as needed.
Location: Boston
Workplace: Hybrid
Employment Type: Full time
Job Function: Legal, Risk & Compliance

Key Responsibilities

  • •Design, implement, and maintain the third-party payments risk and compliance framework for fintech and BaaS partners.
  • •Oversee ongoing due diligence, risk monitoring, and compliance reviews of third-party partners in coordination with Legal, Commercial Risk, and other control functions.
  • •Assess partner policies, controls, and customer journeys to identify gaps and recommend remediation to reduce regulatory, reputational, and financial risk.
  • •Ensure partner adherence to bank policies, regulatory guidance, and payment network rules (e.g., NACHA, Visa, Mastercard, FedNow).
  • •Lead investigations and cross-functional issue management, developing fact-based recommendations and presenting risk decisions to business and executive stakeholders.
Travel: Low travel

Pay and Benefits

Salary: USD 178,000 - 186,000 annually
Perks:Health InsuranceDentalVisionRetirement BenefitsWellness Stipend

Key Requirements

  • •5+ years of experience in risk management, compliance, or operations within financial services, fintech, and/or Banking-as-a-Service (BaaS).
  • •Strong knowledge of third-party regulatory guidance and the payments ecosystem.
  • •Experience with customer due diligence, fraud and risk monitoring, and payment network rules (NACHA, Visa, Mastercard, FedNow).
  • •Ability to review and advise on customer and partner policies to protect the bank from fines, regulatory violations, and losses.
  • •At least 2 years of people management experience leading payments professionals, including coaching and development.
Experience:5+ yearsFinancial servicesFintechBanking-as-a-ServicePayments
Education:Bachelor's
Skills:Executive presenceInterpersonal skillsLeadershipCommunicationInfluencing othersCritical thinkingProblem-solving
Languages:English
Tech Stack:NACHAVisaMastercardFedNowBlockchainDigital assets

Company Brief

Citizens Bank
Regional bank offering retail and commercial banking, mortgage lending, wealth management, and payment services to individuals and businesses across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Providence, United States
Founded: 1828
Website