About the position
Zions Bancorporation is one of the nation's premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker magazine as having a top banking team in its list of 'The Most Powerful Women in Banking.' Our customers consistently vote us as the best bank in our local markets. We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a 'local' business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers. With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity. We are looking for a Supplier Risk Analyst to join the Supply Chain Management Department. The Supply Chain Management department serves the needs of the Bank and its stakeholders regarding suppliers. We seek to help the company create value by acting as a trusted advisor to the businesses and executive managers we support, as well as safeguarding the Bank's risks associated with suppliers. This is accomplished through fulfillment of our sourcing, legal, and risk responsibilities. The Supplier Risk Management group manages and assesses suppliers throughout their lifecycle of providing products and services to Zions Bancorporation. This includes identifying risk through risk assessments, engaging with suppliers to discuss controls, and addressing control weaknesses identified through control assessments. The Supplier Risk Analyst role is a great opportunity to continue to grow a risk career. Supplier Risk Analysts apply their risk knowledge to help all groups within the Bank effectively identify and mitigate risk. This leads to improved knowledge of how the Bank as a whole functions and provides great visibility to many executives through the Bank.
Responsibilities
- Perform third-party risk assessments and analyze the risk level of third-party engagements, both for new and existing vendors.
- Analyze due diligence documentation to arrive at risk assessment ratings against the Bank's risk methodology, and in accordance with regulatory and industry standards.
- Assess the adequacy of due diligence documentation received from vendors as level of QC before passing on to subject matter experts (SMEs), when necessary.
- Synthesize inputs from Bank's risk SMEs, vendor documentation and conversations with lines of business to develop risk assessments.
- Author risk narratives to communicate what key risks are for an engagement or vendor and support why a certain risk level has been assigned.
- Monitor, analyze and maintain vendor information and documentation.
- Build strong relationships with lines of business and risk SMEs across the Bank.
- Use a strong understanding of risk topics and mindset to actively challenge inputs (e.g. vendor and business claims).
- Contribute to and lead internal initiatives, including methodology enhancements and acting against workplans to deliver projects.
- Present, when required, analysis and findings to stakeholders and committees.
- Work with business units to ensure documentation is received and updated as needed.
- Work collaboratively with other teams in supply chain management as well as with stakeholders across the business.
- Keep current on regulatory requirements.
- Proficient in word processing, database and spreadsheet software and applications.
- Other duties as assigned.
Requirements
- Requires a degree in Business, Finance or related field.
- 4+ years experience in vendor risk management, risk management, vendor management or other directly related experience or certifications.
- A combination of education and experience may meet requirements.
- Advanced knowledge of vendor management, regulatory requirements and compliance, third-party risk management, regulatory requirements and reporting.
- Excellent problem solving, project and vendor relationship management skills.
- Ability to take initiative and make sound decisions.
- Ability to set and maintain high quality work standards.
- Strong attention to detail.
- Must have a risk-mindset.
- Ability to deal effectively with people in various job capacities.
- Strong analytical, judgment and decision making skills.
- Demonstrate initiative and possess strong organizational skills.
- Excellent interpersonal, presentation and communication skills, both verbal and written.
- Advanced working knowledge of word processing, database and spreadsheet software and applications.
Benefits
- Medical, Dental and Vision Insurance - START DAY ONE!
- Life and Disability Insurance, Paid Parental Leave and Adoption Assistance.
- Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts.
- Paid Training, 20 days of Paid Time Off (PTO) and 11 Paid Federal Holidays.
- 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience.
- Mental health benefits including coaching and therapy sessions.
- Tuition Reimbursement for qualifying employees.
- Employee Ambassador preferred banking products.
- Employees may, at the company's discretion, be eligible to receive a cash bonus award.
