What are the responsibilities and job description for the Third Party Vendor Analyst position at Columbia Bank?
SUMMARY: The Third-Party Vendor Analyst, under the direction of the SVP, Financial Risk and Data Analytics, performs all aspects of the third-party vendor due diligence process, including the administration of the Bank’s vendor management software system.
JOB QUALIFICATIONS:
Performs all aspects of vendor management due diligence.
- Risk assesses all new vendor requests and provides a written risk assessment that outlines any discrepancies, deficiencies and/or risks noted for review by the SVP, Financial Risk and Data Analytics.
- Reviews due diligence package documents submitted by the third party and provides a conclusion of the information.
- Disseminates vendor due diligence reviews and risk assessment to the necessary parties.
- Tracks open items to be resolved/completed after the initial review. Works with the lines of business and other departments to document and resolve open items.
- Reviews existing vendor questionnaires in accordance with the tier-based monitoring schedule and completes all on going monitoring tasks.
- Ensures that new vendor questionnaires are completed by the Line of Business and reviews the data to ensure the risk is measured appropriately.
- Request FFIEC TSP exams on a quarterly basis.
Vendor Management Committee Meetings
- Contributes to the discussions surrounding the agenda items and reports.
- Assists with the creation of the meeting agenda and prepares the requisite reports.
- Maintain and enforce the Vendor Management and Contract Management Policy.
Third Party Risk Management Reporting
- Prepares monthly and quarterly reports for Sr. Management, Vendor Management Committee, and the Board Risk Committee.
Administrator of the vendor management system
- Provides support and guidance to all departments with respect to the Bank’s vendor management software system.
- Archives vendor questionnaires for terminated relationships and create new vendors in the system when needed.
- Maintains and reviews the software system’s user accounts to ensure appropriate access.
Assists with internal and external audits and examinations
- Provides requested documents in a timely manner.
Assist the Information Security department with Zero Day Assessments.
EDUCATION/EXPERIENCE:
- Bachelor’s Degree in business-related field;
- Exposure to third party risk and operational risk management;
- Knowledge of third-party risk management lifecycle and risk assessment processes;
- Strong critical thinking, and analytical skills;
- Strong attention to detail, accuracy, and adherence to deadlines;
- Microsoft Office skills: proficient in Excel, Word, and Power Point;
- Excellent verbal, written and interpersonal communication skills;
- Ability to manage multiple projects simultaneously;
- Ability to exercise sound judgment and work independently.
Requirement: Full vaccination against COVID-19 is required as a condition of employment, unless a legally required exception applies.
Columbia Bank and its affiliates is an Equal Opportunity Employer
Affirmative Action Employer/Males/Females/Protected Veterans/Individuals with Disabilities