Third Party Risk Analyst

The Third Party Risk Analyst will support the Third Party Risk Management Program to effectively manage third party risk in accordance with internal policy, regulatory requirements and stakeholder needs. This position will do this by: building and maintaining policy and process to align with and support compliance with regulatory requirements and guidelines (OCC, FFIEC, FDIC, etc.) and internal Bank policies and procedures, support Coupa Risk Assess system optimization, controls, and data quality assurance, and the maintenance of procedures, desk guides/reporting and training/presentation materials. The Third Party Analyst will also be responsible for facilitating and assessing accurate third party information captured during due diligence; performing ongoing risk monitoring; supervising business unit (“BU”) completion of the third party’s performance through the score carding process, which reflect BU monitoring of performance and documentation of issues/follow-up action; and ensuring compliance with Bank/Corporate operating policies and procedures and Federal and State Regulations.

JOB RESPONSIBILITIES

• (60% of time) Facilitation of the on-time completion of initial and reassessment reviews including Third Party Questionnaires, third party financial reviews, third party insurance reviews, summary reports, by risk classification. Facilitate and manage internal and external recurring oversight meetings and timely respond to exam requests
• (40% of time) Complete ongoing Third Party Risk and Performance monitoring activities including review of third party performance scorecards by risk classification, Follow up and escalation, requesting and obtaining key third party documents such as financial statements, certificates of insurance, and other reports.
• Uses independent judgement and discretion to make decisions
• Analyzes and resolves problems pertaining to third party oversight

ADDITIONAL ACCOUNTABILITIES

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent
• Minimum experience required: 1+ Years of demonstrated success in managing major third party risk programs in a financial, banking, mortgage originations/servicing or related regulated organization. This includes support of third party risk assessments and various tools within the financial industry (Archer, Rapid Ratings, Coupa, etc.).
• 1+ years working within heightened regulatory standards within a medium to large banking institution within the financial industry.

Preferred Qualifications:

• Education level preferred: College, Vocational or Associates Degree (2 years or equivalent)

Job Competencies:

• Self-motivated, takes initiative and has the ability to effectively organize, multi-task, and prioritize a wide-array of initiatives and consistently deliver timely results.
• Strong working knowledge and experience with OCC, FFIEC and/or other regulatory guidelines and requirements
• Excellent project management skills
• Proficient in Microsoft Excel (required), PowerPoint and Outlook
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Travel up to 10%
• Physical demands (ADA): No unusual physical exertion is involved.