Third Party Risk Analyst I

Sutton Bank • Attica, OH

1d • Onsite

About The Position

Responsible for supporting the vendor management and risk monitoring efforts for the Bank. This role involves performing due diligence on onboarded vendors for both Core and Payments' vendors, conducting reputation risk reviews, preparing vendors for the Payments Risk Committee, and managing vendor/department follow-up. The analyst will collect and retain documentation as defined in the contract to support sound operations, assist in gathering documentation for vendor management software, and perform updated due diligence on vendors. Additionally, the role includes completing templates for the weekly Payments Risk Committee agenda, performing ongoing due diligence for established vendors, and conducting monthly testing for the LAP Card Program.

Requirements

• Associate's degree in Business Administration, or related field.
• A minimum of one year of experience, preferably in a financial institution.
• Equivalent combination of education and experience.
• The ability to communicate effectively and clearly, both in verbal and written communications.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks.
• Excellent problem-solving skills.
• Ability to respond to common inquiries or complaints from internal or external sources.
• Specific experience/expertise with Excel and/or database management.

Nice To Haves

• Preferably in a financial institution.

Responsibilities

• Performs due diligence on onboarded vendors, for both Core and Payments' vendors.
• Performs reviews on vendors to include, but not be limited to, reputation risk reviews, preparing vendors for Payments Risk Committee and vendor/department follow-up.
• Collects and retains documentation as defined in the contract to support sound operations.
• Assists in gathering necessary documentation to complete due diligence in vendor management software.
• Performs updated due diligence on vendors and completes template(s) for weekly Payments Risk Committee agenda.
• Performs ongoing due diligence for established vendors.
• Performs monthly testing for LAP Card Program.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree