Risk Analyst - Vendor Management

Central Pacific Bank • Honolulu, HI

76d

About The Position

The position assists and advises the Vendor Management Program (VMP) Manager in ensuring that bank wide vendor/third party risk is appropriately managed and mitigated through the Bank's Vendor Management Program. The role involves performing all duties and interacting with internal and external customers in a manner that aligns with the Company's Core Values of approaching all actions with a 'Voyaging Spirit' and being 'Positively Ohana'. The position requires the exhibition of core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership, and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented, and Thoroughness.

Requirements

• Bachelor's Degree in Business Administration or equivalent work experience required.
• 6-12 months of business/financial experience for Risk Analyst I (vendor relations, contract management or procurement management preferred).
• 1+ years of business/financial experience for Risk Analyst II (vendor relations, contract management or procurement management preferred).

Responsibilities

• Assist the VMP Manager to ensure compliance with the requirements of the Vendor Management Program.
• Work closely with contract managers to ensure they understand the requirements of the Program; provide training and necessary assistance.
• Review contract manager's submissions and evaluate for accuracy and completeness.
• Track contract manager's progress and assist with preparing periodic reports to management and the Board.
• Collaborate with other areas of the Bank to share information and support compliance of other programs.
• Work with subject matter experts in the vendor risk mitigation and sign-off process.
• Ensure contract managers understand and complete requirements for vendors impacting financial reporting.
• Keep abreast of regulatory changes and update the Program as necessary.
• Assist with providing required documentation and evidence to auditors and examiners.
• Identify opportunities for improvement regarding the Vendor Management Program's processes.
• Complete Certified Regulatory Vendor Program Manager program and maintain certification.
• Manage day-to-day responsibilities associated with VendorPoint and Venminder.
• Manage users on the VendorPoint system to ensure current access levels.
• Ensure information on VendorPoint and Venminder systems are accurate and current.
• Add new vendors for monitoring services on the Venminder system.
• Participate in quarterly VendorPoint user group meetings and vendor meetings.
• Input new vendors and changes to information in the Bank's accounts payable system.
• Ensure timely and accurate input of vendor information in accordance with current procedures.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree