JOB SUMMARY

Third Party Risk Management ("TPRM") has become increasingly important as companies engage with and rely on vendors for a multitude of, often critical, services, functions, and tasks. These business relationships open up potential for a wide range of additional risks that must be actively and closely managed depending on the type of vendor. Having grown into a robust and mature division of the Bank's risk management department, TPRM is an integral risk function that is designed to ensure that the necessary oversight of and protection from the varied risks originating from third parties are properly mitigated.

This role will support the Director of TPRM, as well as the Chief Risk Officer (CRO) and Deputy Chief Risk Officer (DCRO), and interface with Business Process Owners (BPOs) throughout all lines of business and other Risk colleagues within the Bank. A key member of the TPRM group, the Senior Analyst would help fulfill to help fulfill the Bank's TPRM mandate, and be responsible for (but not limited to) analyzing data, creating reports, developing presentations, and leading/managing projects.

ESSENTIAL FUNCTIONS

• Queries and analyzes data from the TPRM system and other sources to construct meaningful risk reports on various vendor performance and accountability metrics; assessing data quality and working with system admins & vendors to correct/enhance data fields as needed.
• Develops presentations socialized with senior/executive levels of management as well as the Board of Directors and its committees.
• Develops metrics/key risk indicators to provide TPRM risk oversight tools as well as other enterprise-wide risk reports.
• Communicates methodology and results of analyses and makes recommendations based on them, if applicable, clearly and concisely.
• Supports ongoing vendor monitoring efforts by reviewing SOC reports for existing and new vendors, and produces value added vendor risk identification and reporting.
• Responds to directives established by the Director, CRO and DCRO, and senior management, as necessary.
• Reviews risk assessments and due diligence performed by BPOs on their vendor relationships to aid in identification and mitigation of risk.
• Provides feedback to the line of business around risks, controls, remediation, and reporting.
• Contributes to continual improvement of TPRM program by providing constructive feedback and recommendations to shore up deficiencies in processes/procedures.
• Participates in appropriate training and professional development to maintain a high level of business acumen regarding TPRM standards and best practices in the banking industry.
• Performs special projects and additional duties and responsibilities as required.
• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

EDUCATION AND EXPERIENCE

• Bachelor's degree in business, accounting, finance, economics, or similarly analytical concentration
• Minimum five (5) years' experience in risk management at a financial institution; preferably at least two years in a TPRM function.

KNOWLEDGE, SKILLS AND ABILITIES

• Knowledge of vendor risk concepts and applicable regulatory guidance (e.g., OCC, FDIC or FRB).
• Advanced computing skills to work with and help improve and customize production systems; Knowledge of Coupa Risk Assess, a plus.
• Highly proficient in Microsoft Office suite, with ability to utilize advanced Excel functionality, create engaging and informative PowerPoint presentations, and work effectively in Word.
• Strong analytical skills with the ability to interpret data, draw conclusions, and formulate recommendations.
• Strong verbal and written communications skills.
• Detail oriented with strong organizational skills, able to thrive in a fast-paced environment with multiple competing priorities at times.
• Ability to update policy documents and enhance procedures as required.
• Ability to exercise sound judgment and maintain confidentiality.
• Ability to build strong relationships with business units and management.
• Ability to work in a fast paced and multi-tasked environment.
• Ability to solve problems and obtain needed results independently and when gaps in information may be present.