Third Party Risk Professional

Western Alliance Bancorporation • Chandler, AZ

100d

About The Position

As a Vendor Risk Associate you'll work with WAB suppliers and internal business sponsors to assess service engagements for risk as it relates to the Corporate Third-Party Management Policy. You'll assist in the full life cycle for third party management processes from onboarding to managing existing third-party relationships. You will evaluate third-parties and build rating-based risk profiles, prepare audit documentation, facilitate due diligence questionnaires, and obtain various approvals. In this role, you will assist with monitoring third-party compliance with federal regulations regarding technology, security, operations, and data protection. You'll perform and coordinate the initial approval and renewal processes for the Company's third-parties as well as their ongoing monitoring.

Requirements

• 3+ years of related experience in Vendor Management or similar field.
• Bachelor's degree or equivalent experience required; Bachelor's degree in related field preferred.
• Entry level to intermediate knowledge of general banking or financial services is preferred.
• Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Entry level to intermediate knowledge and skills of Microsoft Office Suite.
• Experience using financial/quantitative data.
• Entry level to intermediate experience working multiple, concurrent projects independently within standard accepted practices.
• Intermediate speaking and writing communication skills, including demonstrated technical writing skills.

Responsibilities

• Coordinate the review and approval process for new third-parties initiated by the Business Relationship Owners (BRO).
• Perform onboarding due diligence process for all new third-parties, including obtaining and reviewing references, background checks, financial statements, policies and other due diligence, as appropriate.
• Facilitate Due Diligence Questionnaires (DDQ) and supplier checks (OFAC, D&B, etc.).
• Contribute to cross functional teams monitoring third-party performance, contract, or risk.
• Assist with third-party risk reviews, maintain current contracts, artifacts, and obtain applicable approval for any exceptions to the Third-Party Management Policy.
• Facilitate contract review between business third-party management issues, and maintain third-party compliance and approval of third-party access.
• Be a change-agent and impact decisions within the department and the business lines you support.
• Assist with regulatory compliance risk assessments and related infrastructure enhancements.

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• Great 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program

What This Job Offers

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