Vendor Risk Analyst

Title: Risk Analyst (Client Title: Risk Office Advisor)

Location: 100% Remote, Any Time Zone, MST Preferred

Type: 4 Month Contract to Start; Potential to Extend

Benefits: Medical, Dental, 401K, Life Insurance

Our client, a dynamic, innovative banking company, is seeking a talented Risk Analyst.

This Second Line of Defense role is responsible for assessment and oversight of risks taken by the bank through its use of third-party service providers. Executes risk assessments to ensure that the bank adequately identifies risk associated with third parties, conducts the appropriate due diligence, and identifies appropriate mitigating controls. This role acts as a challenge to business functions onboarding third parties and coordinates with other risk subject matter experts so that risks are understood and managed. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of new or existing risks. Maintains a strong knowledge of new or emerging risk management methodologies through professional networking and industry involvement.

Responsibilities:

• Risk Oversight & Monitoring - Provides objective oversight of risks through effective challenge using defined methodologies and subject matter expertise. Execute inherent risk assessments and coordinate the collection of vendor documentation. Perform due diligence on vendors to identify risks, gaps, or issues. Work with business lines to communicate risk and develop mitigating controls or action plans. Make decisions on risk items such as severity/impact, likelihood, and criticality. Escalate and report on material risk elements as needed. Work in collaboration with cross-functional teams to address risks and issues. Facilitates the development of analyses and reports to support the appropriate identification, assessment, monitoring, and reporting of risk.
• Risk Management Proficiency - Maintains a strong knowledge of risk management principles and regulatory guidance.
• Business Support - Provides support for business programs and initiatives.

Experience:

• Skill(s): Experience working with Third Party Risk Management applications, knowledge of risk techniques and practices, Strong verbal and written communication skills
• Preferred Area of Experience: Third-Party Risk Management, Enterprise Risk Management, or Operational Risk Management
• Either: 1) Bachelor's Degree and 4 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance, or Audit; OR 2) High School Diploma or GED and 8 years of experience in Financial Services, Enterprise Risk Management, Operational Risk Management, Compliance or Auditing
• Preferred Education is Advanced Degree, but not required