What are the responsibilities and job description for the Vendor Risk Analyst I (Location: Hoover, AL) position at Regions?
Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Vendor Risk Analyst performs comprehensive vendor risk and control assessments, ensuring there are effective contract provisions that align to the vendor engagement and safeguard Regions client and associate data, to include Regions brand and reputation.
Primary Responsibilities
Manages internal and regulatory compliance having clear understanding of federal regulatory requirements and industry best practice associated with vendor risk management
Utilizes a basic understanding of applicable legal and contractual provisions with emphasis on security and data privacy to assess critical operational risk and control functions across the enterprise
Manages professional risk assessments against a contract driven vendor relationship and the creation of a comprehensive vendor risk and controls assessment that aligns with respective vendor engagement
Assists in ensuring effective contract provisions exist to safeguard key operational outsources functions
Manages regular engagement with enterprise vendor relationship owners and coordinates vendor ongoing monitoring and performance scorecards
Monitors program compliance and may perform quality assurance to determine if vendor products or services have changed and to determine if scorecard values impact vendor tier risk rating
Assists in maintaining all data attributes within the Vendor Risk Management Master Tier Segmentation database
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor's degree in a related field
Preferences
Experience in Audit, Compliance, Legal, Risk, Vendor Management, or related area
Skills and Competencies
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under direct guidance
Developed relationship-building skills
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong problem-solving skills against a legal contract driven relationship
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
This position may require travel
This position is intended to be onsite, now or in the near future . Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. The location available for this role Hoover, AL.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $48,087.05 USD
Median: $65,540.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Riverchase Operations Center
Location: Hoover, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where all people can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.
Job Description:
At Regions, the Vendor Risk Analyst performs comprehensive vendor risk and control assessments, ensuring there are effective contract provisions that align to the vendor engagement and safeguard Regions client and associate data, to include Regions brand and reputation.
Primary Responsibilities
Manages internal and regulatory compliance having clear understanding of federal regulatory requirements and industry best practice associated with vendor risk management
Utilizes a basic understanding of applicable legal and contractual provisions with emphasis on security and data privacy to assess critical operational risk and control functions across the enterprise
Manages professional risk assessments against a contract driven vendor relationship and the creation of a comprehensive vendor risk and controls assessment that aligns with respective vendor engagement
Assists in ensuring effective contract provisions exist to safeguard key operational outsources functions
Manages regular engagement with enterprise vendor relationship owners and coordinates vendor ongoing monitoring and performance scorecards
Monitors program compliance and may perform quality assurance to determine if vendor products or services have changed and to determine if scorecard values impact vendor tier risk rating
Assists in maintaining all data attributes within the Vendor Risk Management Master Tier Segmentation database
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
Requirements
Bachelor's degree in a related field
Preferences
Experience in Audit, Compliance, Legal, Risk, Vendor Management, or related area
Skills and Competencies
Ability to learn additional systems as needed
Ability to research, analyze data, and derive facts
Ability to work under direct guidance
Developed relationship-building skills
Proficiency in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Strong problem-solving skills against a legal contract driven relationship
Strong verbal, written communication, and organizational skills
Strong work ethic and self-motivation
This position may require travel
This position is intended to be onsite, now or in the near future . Associates will have regular work hours, including full days in the office three or more days a week. The manager will set the work schedule for this position, including in-office expectations. The location available for this role Hoover, AL.
Position Type Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum: $48,087.05 USD
Median: $65,540.00 USD
Incentive Pay Plans: This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.
https://www.regions.com/welcometour/benefits.rf
Location Details Riverchase Operations Center
Location: Hoover, Alabama
Bring Your Whole Self to Work
We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where all people can do their best work and thrive is the right thing to do.
OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
Salary : $48,087 - $65,540
