Beth Sheehan Email & Phone Number

Mount Laurel, Nj, Us

Sioux Falls, South Dakota, Us

Sioux Falls, South Dakota, Us

Lead a Third Party Risk Management team to adhere to policies, procedures and controls necessary to deliver an Enterprise Third Party Risk Management Program compliant with Federal and State regulatory requirements.Develop and oversee environmental, social and corporate governance policies and proceduresIdentify key potential environmental, social, and governance impacts of the corporate infrastructure and evaluate and report risks.Manage the inventory and risk assessment of 400+ third parties through validation and analysis of operational, legal, regulatory, compliance, cybersecurity, and financial risk criteria.Oversee inherent risk assessments and monitor residual risks of the third party inventory to effectively apply and validate controls.Defined and created a third party taxonomy.Designed, implemented and manage a tool to assess and report performance metrics of the third party inventory. Represent The Bancorp as a Third Party Risk subject matter expert for internal and regulatory exams.

Sioux Falls, South Dakota, Us

Lead a Third Party Risk Management team to adhere to policies, procedures and controls necessary to deliver an Enterprise Third Party Risk Management Program compliant with Federal and State regulatory requirements.Manage the inventory and risk assessment of 300+ vendors through validation and analysis of operational, legal, compliance, technology, and financial risk criteria.Oversee inherent risk assessments and monitor residual risks of the third party inventory to effectively apply and validate controls.Created and defined a categorization of third party performance metrics. Designed, implemented and manage a tool to assess and report performance metrics of the third party inventory. Represent The Bancorp as a Third Party Risk point of contact for internal and regulatory exams.

Lead the Third Party Risk Management division and PHH Corporation to adhere to policies, procedures and controls necessary to deliver an Enterprise Third Party Risk Management Program compliant with Federal and State regulatory requirements, client requirements, and Government Sponsored Enterprises. Direct report of the Chief Risk and Compliance Officer of PHH Corporation. Manage the risk assessment of 400+ vendors through validation and analysis of operational, technology, and financial risk criteria.Defined and implemented 4 level tier risk categorization methodology across all third parties.Created, implemented and manage a manual tool to perform inherent risk assessments and monitor residual risks of the third party inventory to effectively apply and validate controls.Review, audit, and report on the material third parties inclusive of 60+ audit reports and 25+ due diligence reports for new and expanding third party engagements annually.Drive remediation efforts to mitigate and eliminate risk.Oversee corporate compliance to third party sourcing, procurement, and oversight policies and procedures.Chair the PHH Corporate Third Party Governance Committee.Contributor and non-voting member of the PHH Corporation Enterprise Risk and Compliance Committee.Represent PHH Corporation as single point of contact for third party risk external exams

Mount Laurel, Nj, Us

Created a centralized vendor governance infrastructure to allow the company to easily expand its footprint, ensure compliance with regulatory agencies and significantly reduce third party costs. Managed the strategic sourcing and procurement process for the corporation.•Positioned vendor network and company to expand geographic footprint and implement plans to allow seamless scalability through vendor relationships totaling over $70M in spend annually.•Defined performance metrics that drove productivity and efficiency improvement while reducing costs.•Managed requests for proposals, vendor selection, and vendor integration projects.•Oversaw the development of the risk/compliance assessment functions associated to vendor network and implemented the functional role.•

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