Risk Management Analyst I, South Bend, IN

1st Source Bank • South Bend, IN

9d

About The Position

The Risk Management Analyst I supports risk management functions, including vendor risk monitoring, contract management, business continuity, policy management, claims coordination, lender fraud liability searches, and the maintenance of risk management systems and records. The position monitors vendors, manages contract and insurance documentation, coordinates vendor risk assessments, and supports business continuity plans, exercises, and reporting. It also assists with corporate policy administration and other risk management projects.

The role requires regular and predictable attendance, completion of required compliance training, and compliance with applicable laws, regulations, and corporate policies. Travel to company locations, including overnight travel, may be needed for meetings, projects, training, or seminars. The work involves standard office activities and equipment, with occasional stooping or kneeling and occasional lifting or moving of up to 10 pounds.

Requirements

• Strong proficiency in Microsoft Word, Excel, Outlook, and related business systems.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple priorities and meet deadlines.
• Ability to maintain confidentiality and exercise sound judgment.
• Attention to detail and accuracy.
• Ability to travel to all locations and overnight as needed for meetings, projects, training, seminars, and similar activities.
• Complete compliance training related to the position and comply with applicable laws, regulations, and corporate policies.

Nice To Haves

• One or more years of risk management, contract management, legal support, vendor management, or related experience.
• Bachelor’s degree.

Responsibilities

• Conduct ongoing critical vendor monitoring using internet searches, major news sites, SEC filings, regulatory agencies, press releases, and company websites, and report items of concern.
• Upload and maintain contracts and agreements in Nvendor and related contract management systems.
• Review new preferred vendor packets and coordinate vendor risk assessments by submitting documentation for risk rating approval.
• Review, analyze, and approve vendor Certificates of Insurance to ensure compliance with organizational requirements and risk management standards.
• Maintain vendor records by uploading required documentation into Nvendor and updating the Insurance Tracking Spreadsheet.
• Maintain contract inventories and support contract retrieval and expiration monitoring.
• Identify and onboard new vendors by reviewing Accounts Payable reports and business debit card transactions, researching vendor services and ownership, coordinating with internal stakeholders, and maintaining Nvendor records.
• Review business debit card activity to identify new vendor relationships and update vendor management records.
• Assist with administration and maintenance of the Business Continuity program, including tracking annual business-unit plan reviews and updates.
• Coordinate annual business continuity reviews with business unit leaders to keep plans, recovery strategies, key personnel, and critical process information current.
• Collect, compile, and maintain business continuity documentation and update SourceNet.
• Support business continuity exercises, tabletop tests, and program improvement initiatives by coordinating communications, documentation, and results tracking.
• Gather and validate Key Risk Indicator data from business units and maintain reporting schedules and tracking records.
• Help prepare KRI reports, trend analyses, and management summaries.
• Follow up with business units regarding overdue continuity reviews, KRI submissions, testing requirements, and corrective action items.
• Track vendor certificates of insurance, request renewals, and update Nvendor records.
• Facilitate corporate policy review, approval, publication, and maintenance processes.
• Maintain Policy Management Portal records and SourceNet policy documentation.
• Receive the Global Companion Insurance policy, copy and laminate the included card for distribution to listed Foreign Travel Memo Recipients, and update the recipient list annually.
• Assist with risk management projects as assigned.
• Maintain regular and predictable attendance.
• Complete required compliance training and comply with applicable laws, regulations, and corporate policies.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed