POSITION SUMMARY
Under the general direction of the Operational Risk Management Manager, the Vendor Risk Analyst will oversee administration of the Bank’s enterprise-wide efforts in monitoring vendor risk and providing assurance that the Bank is proactively addressing vendor risk issues. Under the general direction of the Operational Risk Management Manager the Vendor Risk Analyst will oversee administration of the Bank's vendor risk management program and ensure compliance with associated policies, procedures and regulatory guidance. In addition, the position will assist in the coordination and reporting of the Bank's enterprise risk management program.
The Vendor Risk Analyst must be able to work independently with limited supervision and be able to effectively multitask and prioritize work. This position will work with other members of Risk Management and extensively with other departments.
Job Duties and Responsibilities:
Complete onboarding of vendors by coordinating due diligence with external vendors (FIS Risk as a service) used for Third-Party Risk Management, business/relationship managers, office of general counsel, information security, and other key stakeholders to ensure proper due diligence has been completed for all new vendors and periodic reviews are being performed for existing vendors, in accordance with the Bank's policy.
Coordinate with business manger/subject matter experts on scheduling and completion of service organization control (SOC or SSAE 18) reviews for the critical vendors in accordance with the Bank’s policy and procedures.
Review vendor relationship summary/risk assessment forms to confirm the accuracy of vendor information, adequacy of due diligence, and completeness of documentation, and recommend the vendor's risk rating to the ORM Manager for approval.
Develop, generate, distribute and review/analyze vendor risk management reports for executive and senior management and Board-level committee(s).
Monitor compliance with the Bank’s third-party risk management program and ensure follow-up is performed by business managers; track, resolve/escalate and report outstanding exceptions.
Coordinate directly with internal and external auditors and regulatory agencies in connection with audits and examination of the Bank’s vendor risk management program.
SUPERVISORY RESPONSIBILITIES
Does not require managing staff.
SKILLS AND TRAINING:
Analytical thinking
Communication
Customer Focus
Managing multiple priorities
Teamwork
Relationship building / networking.
EDUCATION:
Associate degree or equivalent work experience
WORK EXPERIENCE:
Minimum 3 years preferred experience in vendor/contract review and assessments.
LICENSES AND/OR CERTIFICATES
None
WORKING CONDITIONS:
Prolonged sitting
Lifting from 5 to 10 lbs. (printer paper, storage boxes)
Occasional bending or overhead lifting (storing files or boxes)
Work is performed in a normal office environment. Noise levels are usually moderate. May also involve travel to customers and property locations.
Hazards: The hazards are mainly those present in a normal office setting and those present in commuting by car. Occasionally may be exposed to those conditions present in public forums and meeting places.
TRAVEL REQUIREMENTS: May require travel between Provident Offices.
Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.