Manager, Third Party Security
CVS HealthSalary not specified
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Bachelor’s degree in business management, and/or designated third party management certification
- At least 5 years of experience in third party management within the financial industry to include process and risk management
- At least 5 years experience working in a cross-functional environment, ensuring business and stakeholder expectations are effectively managed
- Strong market knowledge within different sourcing and supplier management categories relevant to the credit card business to include deep negotiation, communication, contract and influencing skills with the ability to optimize on pricing structures
- Strong organizational and prioritization skills
Responsibilities
- Serve as the Primary third party manager in the execution of third party management activities to an assigned portfolio, accountable for supporting team members in building third party relationships, managing risks, negotiating contracts, and improving effectiveness
- Ensure comprehensive oversight of all assigned third party relationships services
- Collaborate closely with cross-functional teams including enterprise, customer, legal to support business customer outcomes
- Implement strategic plans that align with business intent and market trends; leveraging broad market data, insights and competitor information to support informed decision making
- Manage third party and business intent deliverables to the established policies, standards, procedures, and processes related to third party management
- Participate in key management forums and contribute to continuous improvement and/or best practices
- Build strong relationships with both internal stakeholders and third parties to ensure that business objectives are met
- Leverage industry knowledge and seasoned negotiation and influencing skills to support pricing and third-party service level commitments outcomes
- Manage multiple priorities with various stakeholders with an acute appreciation for deadlines impacting speed to market for Capital One products or services
- Be an effective change agent through the execution of plans and fulfillment activities
- Develops plans or strategies to drive innovation with the objective of creating efficiency
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What is the salary for this Principal Associate position?
This information is not specified in the job description.
Is this role remote or does it require working in an office?
This information is not specified in the job description.
What key skills are required for this Third Party Management role?
The role requires strong negotiation and influencing skills, deep expertise and market knowledge in various categories, and the ability to manage risks, build relationships, and leverage industry knowledge.
What is the team culture like at Capital One for this position?
The Third-Party Management Team focuses on providing third party services with integral governance practices to support Capital One’s strategic objectives, emphasizing passion for helping Canadians succeed with credit and building strong relationships.
What makes a strong candidate for this Principal Associate role?
A strong candidate is a dynamic leader with experience in third party sourcing and management, skilled in negotiating contracts, managing risks, and partnering with cross-functional teams to align with business objectives.
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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