Senior Vendor Risk Management Specialist
4 weeks ago
We are seeking a highly skilled and experienced individual to support our Third Party Risk Management Program as a Senior Vendor Risk Analyst. This role will play a critical part in ensuring the effective management of third-party risks and compliance with regulatory requirements.
Key Responsibilities:- Support the development and implementation of the Third Party Risk Management framework and day-to-day processes.
- Manage and maintain the Bank's third-party software application (ProcessUnity) to ensure the effectiveness of third-party processes.
- Conduct monitoring and second-line oversight of third-party related activities to ensure compliance with the Bank's Third-Party Risk Management Framework and policy.
- Lead weekly third-party related meetings with internal stakeholders.
- Collaborate with internal stakeholders to schedule third-party assessments.
- 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.
- Conduct training and awareness sessions for internal stakeholders on third-party risk management policies, procedures, and application use.
- Be a subject matter expert on the Bank's Third-Party Risk Management Framework and supporting policies, processes, and application.
- Review and monitor activities and reporting within the third-party software and follow up with internal stakeholders as required.
- Bachelor's degree in a business-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.
- Strong analytical and problem-solving skills.
- Excellent communication skills, both verbal and written, are required.
- Solid proficiency with Microsoft Office suite of products, especially Excel and Word.
- 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.
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