What are the responsibilities and job description for the Third Party Risk Analyst I position at Sutton Bank?
Summary:
Responsible for supporting the vendor management and risk monitoring efforts for the Bank.
Qualifications:
Education: Associate's degree in Business Administration, or related field.
Licenses/Certifications: None.
Experience: A minimum of one year of experience, preferably in a financial institution. Or equivalent combination of education and experience.
Essential Functions:
A: Job Specific:
- Performs due diligence on onboarded vendors, for both Core and Payments' vendors.
- Performs reviews on vendors to include, but not be limited to, reputation risk reviews, preparing vendors for Payments Risk Committee and vendor/department follow-up.
- Collects and retains documentation as defined in the contract to support sound operations.
- Assists in gathering necessary documentation to complete due diligence in vendor management software.
- Performs updated due diligence on vendors and completes template(s) for weekly Payments Risk Committee agenda.
- Performs ongoing due diligence for established vendors.
- Performs monthly testing for LAP Card Program.
Knowledge/Skills/Abilities:
- The ability to communicate effectively and clearly, both in verbal and written communications.
- Excellent interpersonal skills.
- Strong knowledge of the business area that is being supported.
- Self-directed and motivated.
- The ability to manage multiple tasks.
- Excellent problem-solving skills.
- Ability to respond to common inquiries or complaints from internal or external sources.
- Specific experience/expertise with Excel and/or database management.
Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, pregnancy, disability or protected veteran status.
