Vendor Management Analyst – Risk Management

Date
03/29/2016
Location
New York, NY
Compensation
$85,000.00

Brief Description:

Our client; a Global Bank seeks a Vendor Management Analyst in their Risk Management group located in midtown New York City.

Job Function:

Ensure Bank-wide needs are met for due diligence, risk assessment and continuing vendor monitoring. The individual will analyze reports and risk assessments for interpretation and be able to recognize any potential risks to the profitability or existence of the company. The individual will also work collaboratively with stakeholders to deconstruct vendor and compliance issues and develop a solution for risk mitigation.

 

Accountabilities

  • Provide support, education and training to the Relationship Managers to build risk awareness within the company

 

  • Maintain and monitor due diligence tasks for all vendors
  • Review vendor due diligence materials ( i.e. SSAE 16 reports, Business Continuity Plans), identify potential issues and follow up for unresolved issues
  • Track, measure, report and evaluate vendor performance via Dun & Bradstreet
  • Perform risk assessments for new vendors and critical vendors
  • Interpret, identify, and mitigate critical risks factors in a timely manner
  • Assist the Relationship Managers with the vendor selection process (i.e. contracts, financial reports); completion of due diligence tasks and risk assessments
  • Troubleshoot all vendor problems and present to Management as required
  • Liaise with Relationship Managers,  Auditors and Compliance on vendor management related topics
  • Communicate results and recommendations effectively to all levels of management
  • Research on industry/regulatory and cyber security issues
  • Up to date and continuing education of compliance related issues and value added training
  • Maintain and monitor vendor activities, Service Level Agreements and Shared Responsible Agreements
  • Ensure vendors are in compliance with the Bank’s Anti-Bribery procedure where applicable  
  • Work with the Accounts Payable team to identify contractual or non-contractual vendors
  • Work with the Tax team to identify foreign vendor's FATCA and withholding status  
  • Actively contribute to process enhancements to increase operational efficiency  
  • Perform miscellaneous duties within the Finance department

Requirements:

  • Bachelor/Graduate degree preferably in business, management, economics, finance or accounting
  • 4 years minimum experience in financial services or risk management
  • Good understanding of bank-wide risk management.
  • High proficiency in the use of Microsoft Products such as Excel, Word, Access, PowerPoint, Visio
  • Comfortable in a fast-paced environment
  • Strong interpersonal skills
  • Acute attention to detail
  • Problem solving capabilities
  • Team player but also comfortable working within limited supervision
  • Exceptional organizational, communication and planning skills
  • Ability to multitask and prioritize to meet strict deadlines

Contact Details:

Dan Alzapiedi   914-595-5746

dalzapiedi@tmdg.com