Vendor Risk Management Compliance Analyst
About The Position
Brown Brothers Harriman is currently recruiting a Vendor Risk Management (“VRM”) Compliance Analyst to join our Core Compliance Team. In this role you will collaborate with BBH personnel in a variety of roles and responsibilities to ensure that the Firm’s vendor relationships are reviewed, assessed and monitored in accordance with the VRM Program (“Program”) requirements. This includes assisting in the preparation of Vendor Service Requests, conducting due diligence reviews, performing vendor risk assessments, obtaining required approvals, and ensuring the appropriate level of ongoing monitoring is performed throughout the lifecycle of vendor relationships. The VRM Compliance Analyst will work closely with internal and external stakeholders and vendors to help ensure vendor relationships comply with regulatory requirements, BBH policies, and industry best practices. This role is ideal for candidates seeking to build a career in compliance and risk management within the financial services industry.
Requirements
- Bachelor’s degree required.
- 2+ years of compliance, risk management or audit experience.
- Motivated self-starter with the ability to multi-task in a fast-paced environment.
- Exceptional time management, planning, and organizational skills.
- Strong analytical capabilities and written and oral communication skills; attention to detail is a must.
- Excellent interpersonal skills with proven experience in relationship building and partnering; must work well in both team and individual settings.
- Proficient in Microsoft Office Suite.
Nice To Haves
- Financial services industry experience a plus.
- Experience with GRC or Vendor Risk Management systems a plus.
- Certified Third Party Risk Professional is preferred but not required.
Responsibilities
- Review all incoming Vendor Service Requests to ensure requests are sufficiently detailed to enable the Vendor Management Committee (VMC) to assess the engagement and assign an appropriate risk rating.
- Ensure all new engagements and ongoing monitoring requests undergo appropriate due diligence based on product/service risk profiles.
- Assist in conducting initial and ongoing vendor risk assessments.
- Monitor in-process requests to address any delays and/or issues.
- Respond to BBH personnel inquiries regarding request status and the requirements for successful completion of due diligence and/or outstanding requests.
- Review and disposition weekly OFAC/Sanctions & Negative News screening alerts.
- Assist in the preparation of materials for the weekly VMC meeting as well as other communications to BBH risk management committees, as applicable.
- Assist in the implementation of enhancements to the Firm’s VRM system, including testing, training and communication to relevant stakeholders.
- Assist in the updating of policies and procedures related to the Program.
- Support the Head of VRM in the ongoing development and enhancement of the Program.
- Support internal/external audits and regulatory exam preparation related to reviews of the VRM Program.
Benefits
- BBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing.
- BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
11-50 employees
