Third-Party Risk Management Analyst Job ID: 2024-5205 Category: Risk Administration Type: Full-Time Workplace policy: Hybrid Overview The Third-Party Risk Management Analyst is responsible for supporting the Third-Party Risk program by managing vendor-related risks and ensuring compliance with established policies. This role involves conducting thorough risk assessments, tracking vendor performance, and facilitating the onboarding of third parties. The Analyst collaborates with various stakeholders to identify and remediate vendor issues, provide training on risk management processes, and maintain accurate vendor inventories. By effectively monitoring and reporting on vendor engagements, the Analyst contributes to the continuous improvement of risk management practices within the organization. Principal Duties&Responsibilities: Manage vendor risks as defined in contracts and in alignment with existing risk management programs and policies. Identify, track, and report vendor issues, including associated remediation plans and escalation activities. Make informed risk decisions based on dynamic factors specific to each vendor and engagement. Conduct comprehensive third-party risk assessments during the initial and ongoing evaluation of vendors, identifying both inherent and residual risks. Engage with Vendor Managers and vendors to facilitate the onboarding process for third-party engagements, ensuring all efforts and results are properly documented. Document and maintain an accurate inventory of vendors in the database, ensuring all relevant information is up to date. Prepare and send vendor evaluation packages to new and existing vendors as part of the onboarding process. Monitor and coach business unit personnel on Third-Party Risk Management processes and policies, ensuring adherence and understanding. Assist in the preparation, review, and updating of training materials, policy documents, and process documentation related to Third-Party Risk management. Identify third parties not included in the vendor inventory database and manage ongoing monitoring of third-party engagements. Support the on-site vendor risk assessment process as needed. Track and monitor vendor performance to ensure compliance with contractual responsibilities and drive continuous improvement in services. Prepare ad-hoc vendor due diligence and performance reports as requested and run metrics to measure the effectiveness of Third-Party Risk Management processes. Participate in assorted projects within the Third-Party Risk Management team, contributing to the overall development and implementation of the program. Escalate vendor management issues for resolution and/or management review and approval. Serve as a Subject Matter Expert for vendor management, providing advice, training, and support to business units, operational areas, and IT. Complete additional duties and projects as assigned by management. Qualifications 2-4 years experience in Vendor/Third-Party Risk Management, risk management program governance, Risk and Compliance, Audit, or related field. Experience in the banking or financial services industry. Relevant certifications in risk management (e.g., CRM, FRM) are a plus. Knowledge of the finance and lending industry including but not limited to vendor management and vendor risk assessment practices and concepts. Understanding of third-party risk management concepts and implementation techniques including third-party governance and performance monitoring. Excellent communication (both verbal and written) skills. Ability to work independently and in a team environment. Education Bachelor's Degree in Business Administration, Computer Science, Finance or related discipline preferred. Special Instructions to Candidates Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. Please view Equal Employment Opportunity Posters provided by OFCCP here. The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c) Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employmentcitynational.com. J-18808-Ljbffr