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Senior Vendor Risk Management Specialist
2 months ago
Role Summary
We are seeking a highly skilled and technically adept individual to fill the role of Senior Vendor Risk Analyst at CT Bank. As a key member of our Enterprise Risk Management team, you will play a critical role in managing our Third Party Risk Management Framework and related software application.
Key Responsibilities
- Develop and maintain a comprehensive Third-Party Risk Management Framework and methodology aligned with industry best practices and regulatory requirements.
- Manage and maintain the Bank's third-party software application (ProcessUnity) including configuration changes as necessary.
- Provide oversight of the Bank's third-party risk risks and risk profile.
- Provide guidance, support, and subject matter expertise on the Bank's third-party related policies, processes, and software application.
- Maintain a working knowledge of the ProcessUnity platform and functionality.
- Stay up to date on industry trends, regulatory changes, and best practices relating to third-party risk management to ensure compliance and drive continuous improvement.
- Collaborate with stakeholders across the organization to maintain and enhance the third-party risk management framework and application.
- Work with the Bank's software application provider as needed on support requests.
- Manage the end-to-end integration of ProcessUnity, our third-party risk management application, including configuration management, support, bug fixes, updates, releases, and testing.
- Manage roles, user access, set up, and licenses in the software application.
- Conduct training and awareness sessions for internal stakeholders on third-party risk management policies, procedures, and application use.
- Develop regular reporting on the Bank's third-party risk profile and metrics.
Requirements
- Bachelor's degree in a business or computer-related discipline.
- 5+ years of experience as a risk analyst or an equivalent business-related role, specifically focusing on third-party risk management in the banking or financial services industry.
- Strong knowledge of banking regulations and industry best practices related to third-party risk management.
- Solid technical skills and proficient in MS Excel, formula writing, and regular expressions.
- Excellent analytical and problem-solving skills.
- Excellent communication skills, both verbal and written, are required.
- A technical background in enterprise application integration and management is an asset.
- Experience with third-party risk management software is an asset.
- Enthusiastic learner with well-developed organizational skills and the ability to manage multiple tasks with competing priorities.
- Ability to build and maintain strong working relationships and work collaboratively with cross-functional teams.
- Ability to work independently, as well as part of a team of risk professionals.
Work Arrangement
We value flexibility and have adopted a hybrid work model whereby employees use a combination of working in office and virtually in service of outcomes. Each leader is empowered to decide what work is best achieved in person based on the unique needs of their team.
