Vendor Management Analyst

Citizens Alliance Bank•Clara City, MN

10h

About The Position

This position is responsible for supporting the Bank’s Third-Party Risk Management and Vendor Management program by maintaining a complete and accurate vendor inventory and providing independent risk-based oversight of vendor relationships. This position ensures that vendors are appropriately assessed, monitored, and managed throughout the vendor lifecycle in accordance with regulatory expectations, internal policies, and risk management standards. The analyst partners with business units, Compliance, Information Security, and Risk Management to evaluate vendor risk and maintain an effective vendor oversight framework. The Vendor Management Analyst will coordinate due diligence of vendors, facilitate contract reviews, and prepare materials for regulatory examinations and board reporting. Strong analytical and problem-solving skills along with attention to detail are essential. The level of this position is based on years of service, education and/or equivalent experience, knowledge level and skill set.

Requirements

High school diploma or GED, Etc.
Continuing Education to maintain job knowledge.
Three to Five years of banking experience.

Nice To Haves

Three to Five years of customer service experience.
Proficiency in Microsoft Suites.

Responsibilities

Conduct initial and ongoing due diligence reviews for third-party vendors.
Review financial statements, SOC reports, cybersecurity assessments, business continuity plans, insurance coverage, and other documentation.
Assess vendor risks related to operational, compliance, reputational, strategic, and information security concerns.
Identify and escalate and concerns or gaps.
Track completion of ongoing monitoring requirements and due diligence reviews.
Assist with review of vendor contracts and service agreements.
Track contract renewals, expirations, and termination requirements.
Ensure contracts meet required regulatory risk management provisions.
Maintain documentation necessary for regulatory examinations and internal audits.
Assist in responding to examiner and auditor requests.
Maintain the vendor management repository.
Prepare reports for management committees, senior leadership, and Board as needed.
Collaborate with relationship managers to identify and manage vendor risks.
Provide guidance and training to relationship managers regarding vendor management requirements.
All employees are expected to exemplify and follow our core values.
Regular attendance and punctuality when reporting to work.
Travel for trade and industry schools and seminars as needed.
This position may require installation of a Multi-Factor Authentication (MFA) app on an employee’s personal mobile device. The MFA apps are used to authenticate a user’s identity to the system for security purposes.
Adhere to and comply with all applicable, federal, and state laws, regulations, and guidance, including those related to BSA/AML, as well as adhere to the Bank’s policies and procedures.
Perform other duties as assigned and requested.