What are the responsibilities and job description for the Associate Vendor Management Analyst position at Live Oak Bank?
About UsLive Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America's Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.How This Role Impacts Live Oak and its PeopleThis position will be responsible for the Vendor Management process flow including system updates, reporting, and contract handling. This position will work closely with all business lines in addition to Senior Vendor Manager.What You'll Do at Live OakPrimary responsibility is to support the critical tools, processes, and management information necessary to support an operational Vendor Management function.Demonstrate a high level of technical knowledge in data and database analysis, applying their expertise in defining new and innovative solutions and automating processes whenever possible that drive risk mitigation.Coordinate the handling of renewal of agreements as well as appropriate handling of any terminations.Provide system support and timely reporting to Business Owners and maintenance and evolution of reporting of key Vendor Management metrics within the software application.Assist with onboarding activities of third parties as required within the Vendor Management Program.How You'll Do It Manage the backend infrastructure and databases that support the Vendor Management tools, processes, and management information necessary to support an operational Vendor Management function.Assist with development and maintenance of the Vendor Management software, including all workflow and reporting methodology.Maintenance and continuous development and evolution of reporting in the Vendor Management software application and issuance of recurring reports. Providing quality attestation to the management information in such reports.Provides first line application support to the Vendor Management software application users including training sessions.Works with a range of stakeholders across the Bank to manage user access requests and provisions.Adheres to compliance procedures and internal Vendor Management controls in accordance with any and all applicable regulatory standards, requirements, and policies.Required and Preferred Experience1-3 years of relevant Vendor Management, Third Party Risk Management or related experienceExperience supporting financial / banking industries, preferred.Experience in data analytics and manipulation, including the use of querying tools, preferred.Fundamental understanding of Risk Management lifecycle.Experience in analysis and presentation of data, producing clear and concise reportsExperience in supporting user-based applications.Experience of managing relationships with business stakeholders and building positive relationships.Good understanding of general business processes, strong research capabilities, troubleshooting skills, and a natural drive to improve utilization of systems capabilities.Well-developed analytical skills, problem solving, and good critical thinking skills.Well-organized, ability to prioritize multiple tasks, and to bring open projects to closure.Ability to gather and analyze information, identify root causes, and suitable solutions.High level of attention to detail and quality assurance.Excellent interpersonal and communication skills and ability to respond positively to rapidly changing priorities and business needs.Demonstrated strong and sound decision making abilities.Ability to work well in a time-sensitive, and at times confidential, environment and handle a variety of matters or projects simultaneously.College degree or relevant experienceOur ValuesDedication : Possess a deep commitment to Live Oak Bank's mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.Ownership : Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.Respect : Treat everyone wi.th courtesy, politeness, and kindness.Innovation : Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.Teamwork : Foster collaboration, accountability, and trust with others and understand that together, we do moreFor a detailed overview of our employee benefits please visit : http : / / www.liveoakbank.com / careers / Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities / Women / Veterans / Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and / or interview process should notify human resources at careers@liveoak.bankEEO is the LawCommitment to DiversityLive Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.The base pay range for this position is $55,000.00 - $90,000.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate's salary is determined by several factors including travel, relevant work experience or skills and expertise.Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
Salary : $55,000 - $90,000
