Risk Management Analyst I, South Bend, IN

1st Source • South Bend, IN

8d

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 maintenance of risk management systems and records. The role monitors vendors, coordinates risk assessments, reviews insurance certificates, maintains vendor and contract documentation, and supports business continuity planning and key risk indicator reporting. It also facilitates corporate policy processes and assists with other risk management projects as assigned.

The position requires regular and predictable attendance, completion of required compliance training, and compliance with applicable laws, regulations, and corporate policies. Travel to company locations, including occasional overnight travel for meetings, projects, training, or seminars, may be needed. Physical duties include sitting, standing, walking, using a keyboard and office equipment, reaching, talking, and hearing; occasional stooping or kneeling and lifting or moving up to 10 pounds may also be required. Reasonable accommodations may be made to enable individuals to perform the essential functions.

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 travel overnight as needed for meetings, projects, training, seminars, and similar activities.
• Ability to meet the position's physical demands, with reasonable accommodations as applicable.

Nice To Haves

• One or more years of risk management, contract management, legal support, vendor management, or related experience is preferred but not required.
• Bachelor’s degree preferred.

Responsibilities

• Conduct ongoing critical vendor monitoring using internet searches, 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 standards.
• Maintain vendor documentation in Nvendor and update 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 vendor relationships and update vendor management records.
• Administer and maintain the Business Continuity program, including tracking annual reviews and updates of business unit continuity plans.
• 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 Key Risk Indicator data from business units, validate submissions, 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 actions.
• Track vendor insurance certificates, 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 individuals listed as Foreign Travel Memo Recipients, and update the recipient list annually.
• Assist with risk management projects as assigned.
• Maintain regular and predictable attendance and complete required compliance training while complying with applicable laws, regulations, and corporate policies.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level