Third Party Due Diligence – Monitoring
Enterprise Controls Department
The Mizuho Americas Enterprise Controls Department (ECD) is a 1st Line of Defense (1LoD) risk and control function delivering enterprise control services across Third Party Services, Business Continuity Planning, and Business Risk and Control Services. The department creates singular accountability and a "one-stop shop" for enterprise control services across all lines of business and corporate functions in the Americas region, and it sits within the Mizuho Americas Enterprise Services Division.
Third Party Risk Management Unit
The TPRM Unit is a 1LoD risk function responsible for providing white-glove service to business lines and corporate functions, shepherding them through the Third Party Risk Management lifecycle, conducting due diligence directly with third parties, and providing oversight of the TPRM function.
Third Party Due Diligence (TPDD) Team
TPDD conducts risk-based evaluations of third-party service providers across Information Security, Information Technology, Business Continuity Planning, and adjacent domains, and is responsible for ongoing monitoring of third and fourth parties across Cybersecurity, Financial, Compliance, Operational, Geographic, and ESG events using tools including BitSight, Supply Wisdom, and NCFTA intelligence feeds.
Role Summary
The Assistant Vice President TPDD – Ongoing Monitoring is accountable for the end-to-end execution and quality of TPDD's continuous monitoring program for Critical, High, Moderate, Low, and Nominal third and fourth parties. The AVP owns the timely identification, triage, escalation, and resolution of monitoring alerts; partners with Third Party Managers (TPMs), Business Approvers, SMEs, Legal, and Compliance to drive remediation; and ensures all monitoring activity is documented in an audit-ready, regulator-defensible manner consistent with the MUSO TPRM Policy, Standard, and Procedure.
Roles and Responsibilities
Ongoing Third / Fourth Party Monitoring
Own end-to-end ongoing monitoring of third and fourth party risks across cybersecurity (BitSight) and enterprise risk domains (Supply Wisdom), including weekly alert reviews; trend and impact analysis; ransomware and vulnerability assessments; fourth-party incident reporting; monthly third-party and location license and data reconciliation with heat map analysis; composite risk-rating evaluations across Macro-Economic, Financial, Geo-Political, Infrastructure, Business, Legal, Security & Compliance, Scalability, and ESG domains; and coordination with Cyber Defense to review NCFTA alerts and identify, assess, and respond to emerging high-risk cyber threats affecting Mizuho third parties.
Alert Triage, Escalation, and Stakeholder Engagement
Serve as the primary point of contact for TPMs, Business Approvers, Legal, Compliance, CISO/Cyber Defense, Data Loss Prevention (DLP), and Subject Matter Experts (SMEs) to assess the business impact of third and fourth party risk events; document material incidents in Archer (e.g., score declines exceeding 5%, severe fourth-party incidents, sanctions hits, or breaches); identify and analyze risk issues, clearly communicate impacts in business terms, drive and track remediation to closure, and escalate Critical or High-risk issues to TPDD leadership, and TPRM Management, as appropriate.
Concentration & Portfolio Risk Monitoring
Support monthly concentration and portfolio risk monitoring across third parties (e.g., engagement volume, service locations, contingent workers, and sole-provider exposure), contribute to quarterly reporting, and maintain accurate BitSight portfolios and Supply Wisdom license assignments to ensure all concentration-risk third parties are continuously monitored as Critical under appropriate license types.
Assessment Lifecycle Support
Lead and perform due diligence reviews, reassessments, and significant change evaluations in accordance with TPRM policies and procedures; assess inherent risk…