The Third Party Risk Management Analyst supports the Third Party Risk Management Team in the development and execution of the Bank’s Enterprise Third Party Risk Management Program to measure, monitor, assess and report on the control of third-party vendor risk throughout the enterprise. Responsibilities include interfacing and collaborating with third parties, Bank Departmental Management and internal subject matter experts to collect, analyze and document due diligence information in the onboarding of new vendors and the monitoring of existing vendors. The Third Party Risk Management Analyst utilizes the Bank’s third party risk management software solution in the course of their duties to ensure third party information is accurate and up-to-date, and as a tool to manage assessment and collaboration on due diligence activities.

By joining our team, you’ll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers

Essential Job Functions:

• Assist guiding business stakeholders in best-practice guidelines for selecting their preferred third parties in-line with policy and standards
• Follow established Third Party Risk Management program guidelines to complete onboarding of selected third parties, including the completion of appropriate forms, questionnaires and the provision of required due diligence documentation
• Develop an understanding of the risks presented by third parties, the determination of their inherent risk profiles and the appropriate due diligence information required for each third party relationship
• Develop expert level awareness of third party contracting requirements
• Ensure executed contracts are archived correctly in the third party contract solution and in supporting electronic archives
• Participate in the collection of due diligence information in the initial and periodic monitoring of third-party vendors and ensure its appropriately archived
• Prepare, conduct and document assessments of audit reports provided by third parties (SOC reports) and assist business users in the review, documentation of controls and testing exceptions
• Assist in the performance of vendor risk assessments and coordinate responses amongst subject matter experts
• Become proficient in the use of the third party management solution that serves as the repository for vendor contracts and due diligence documentation, the tool for monitoring, assessing vendors and reporting on the status of the Third Party Risk Management Program
• Assist in the creation and modification of Third Party Risk Management Policies and Procedures
• Participate in the training and education of company staff in the vendor and third-party risk management processes
• Contribute on projects and initiatives supporting improvement of third party risk management process as needed
• Perform other duties as directed

Knowledge, Skills and Experience Requirements:

• Bachelor’s degree in Business Administration, Finance, Accounting, or related field
• Preferred minimum of 1 year or internship in relevant risk/third-party management experience, paralegal or related field; Recent graduates welcome
• Foundational knowledge of finance, risk management, and vendor management concepts
• Excellent analytical, project management, and problem-solving skills
• Strong interpersonal and communications skills, with ability to professionally communicate both verbally and in writing
• Self-disciplined (ability to work independently), proactive and detail oriented
• Proficient in MS Office Suite, particularly Excel and PowerPoint

Our job titles may span more than one career level. The starting base salary for this role is between $60,000.00 – $75,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.