Third Party Vendor Risk Analyst – Corporate (Hybrid)
| Latest jobs 2024 | USA
Company: Bank of the Sierra
Salary: $70,000 – $110,000 a year – Full-time
Job Type: Hybrid, USA, Latest Jobs 2024
Job Location: Porterville, CA 93257
Job Category : Compliance
Bank of the Sierra
Information We Collect As you understand, we collect Personal Information as a part of our process of interacting with applicants. This is done in accordance with the California Consumer Privacy Act and other relevant laws and regulations regarding privacy (collectively called “California privacy laws”). In this notice we use terms such as “you” or “your”, referring in this particular context to applicants only.
What we speak of as “Personal Information” is any kind of data that can be directly or comes reasonably and commonly linked to an individual or household. It’s important to clarify that certain categories of information are not considered Personal Information under our scope:
Publicly Available Information: Much of this information is already available to the public.
Deidentified or Aggregated Data: Such data: Some data can be altered or combined so as to make it impossible to determine who originally provided the information.
Excluded Information: By contrast, any data expressly excluded from the scope of California privacy laws.
In the application process we respect your privacy and with transparency will maintain compliance with California privacy laws.
Latest Jobs 2024, USA
Locations
Located at Porterville, CA 93257
Hybrid, Full-time, USA, Latest Jobs 2024
Responsibilities Of Job
- Project documentation for the Third-Party Vendor Management Program must be kept current and in line with regulatory guidance, best practice standards, and bank processes in accordance to the bank’s risk appetite.
- Review, monitor and analyze vendor system reports and alerts on a daily basis, weekly basis, and monthly basis.
- Analyze both the due-diligence questionnaire responses and vendor documents to determine risks, then assign risk rankings to relationships with vendors.
- In order to ensure that the provisions in contracts are reasonable, conduct contract assessments.
- If the vendor’s OFAC verification results are reviewed, then potential OFAC matches will be decided upon.
- Develop reports and dashboards, as well as KRIs for continuous improvement and monitoring of third-party vendor management risks.
- To reflect any change in risks or processes, update the annual vendor risk control self-assessment (RCSA).
- Stay abreast of changes to federal and state banking laws and regulations concerning the Bank’s Third-Party Vendor Management program.
- Develop and deliver third-party risk management training, providing guidance to Bank staff on the expectations and requirements of the program.
- Gather the items related to the third-party vendor management program under SOX requests.
- Gather the data and information required for audits and examinations.
- Perform any other duties as directed.
Qualification
To excel in this role, one must adeptly and efficiently execute each essential duty. The qualifications outlined below reflect the necessary knowledge, skills, and abilities. We are committed to making reasonable accommodations to facilitate the performance of essential functions for individuals with disabilities.
Requirements
- A Bachelor’s degree from an accredited college or university, or equivalent experience of four (4) years, is required.
- Proficiency in FFIEC Regulatory guidance is necessary for the role.
- The candidate should be adept at analyzing processes to identify and document risk controls gaps or weaknesses.
- Exceptional computer skills are crucial, encompassing the mastery of various applications for producing effective trend reports.
- The successful candidate must exhibit professional skepticism towards business unit representations and apply an appropriate degree of audit evidence to support conclusions.
- A comprehensive knowledge of laws and regulations relevant to assigned areas is essential, with a commitment to compliance.
- Proficiency in using the Microsoft Office suite is required.
- Excellent written and oral communication skills are a key aspect of the role.
