Analyst, Third-Party Risk & Vendor Management

Job Description

Job Title : Analyst, Third-Party Risk & Vendor Management

This position is available for remote or onsite work options.

Summary :

The Analyst, Analyst, Third Party Risk & Vendor Management is responsible for supporting the assessment, monitoring, and mitigation of risks associated with our third-party relationships. They support senior staff in overseeing the end-to-end third-party lifecycle, contract management, performance monitoring, and other related vendor management functions.

Wage Type : Salaried Exempt

Essential Duties & Responsibilities :

To perform this job successfully, an individual must be able to perform each of the essential duties satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Maintain and manage the inventory of third-party vendors, engagements, and contracts, ensuring compliance with the bank's risk management policies and procedures.
• Conduct third party risk assessments of new and existing third parties, evaluating and identifying potential risk factors, while ensuring compliance with regulatory requirements.
• Collaborate with internal subject matter experts to ensure due diligence questionnaires are reviewed in a timely manner.
• Identify, monitor, and track third party risk indicators, including incidents and issues requiring remediation, while assessing ongoing risk exposure and potential impacts.
• Manage third party's lifecycle from onboarding to offboarding, ensuring adherence to contractual terms, service level agreements (SLAs), and performance metrics.
• Establish and maintain effective relationships with third parties including internal stakeholders to foster collaboration and ensure alignment on risk management objectives.
• Review and analyze third party contracts to identify potential risks, liabilities, and contractual obligations.
• Ensure third parties adhere to company policies, regulatory requirements, and industry standards.
• Provide regular management reporting and status updates on Third-Party / Vendor Management programs.
• Stay abreast of industry trends, regulatory developments, and emerging risks related to third party risk management and vendor management.
• Support the training of internal stakeholders on third party risk management best practices.
• Identify opportunities for process improvement and automation within the third-party risk management and vendor management functions to enhance efficiency and effectiveness.
• Carries out responsibilities in a manner consistent with our values and operating principles, in accordance with policy and applicable laws, and with a commitment to commitment to continuous improvement and process excellence.
• Other duties as assigned.

Key Deliverables :

Organizational Structure :

Reports to : Lead Analyst, Third Party Risk & Vendor Management

Supervises : NA

Qualifications : Education :

Required Knowledge / Skills :

Desired Experiences :

Talents :

Other :

TransPecos Banks will not accept unsolicited resumes from any source other than the candidate. We will consider any candidate for whom an Agency submits an unsolicited resume, to have been referred to us by the Agency free of any charges or fees, other than those agencies we engage on a specific search. TransPecos Banks will not pay a fee for any placement resulting from the receipt of an unsolicited resume.