Vendor Management Analyst

7 days ago


Perry Hall, United States BayVanguard Bank Full time
Job DescriptionJob Description

Summary: Responsible for assisting SVP Compliance Officer in the executive of regulatory standards related to banking rules and regulations. This includes maintaining the vendor management program.

 

Job Requirements:

  • Education: Bachelor’s Degree in Business, Finance, Economics or equivalent work experience.
  • Requires a minimum of three years’ experience in vendor management and compliance support with a commercial bank or a related financial services company.
  • Must be process and detail oriented.
  • Requires excellent written and verbal communication skills, as well as the ability to interact professionally, build rapport and have an impact across all levels of the organization.
  • Must possess strong analytical and problem-solving skills.

Specific Job Functions:

  • Requires extensive knowledge of vendor management processes.
  • Evaluate the overall effectiveness of third-party relationships includes manage and control risk of vendor relationship
  • Evaluate the third party’s financial condition at least annually.
  • Complete vendor security assessments.
  • Evaluate all new vendor relationships.
  • Requires experience with building databases to support reporting processes.
  • Stays current with changes regarding BSA/AML, OFAC, PATRIOT Act, and Customer Identification; determines effect of such laws and regulations on Bank policies, procedures and practices and recommends/ implements changes.
  • Responsible for performing a variety of duties to support the Bank’s compliance function; coordinating work within the department, as well as with other departments; reporting pertinent information to the immediate supervisor; responding to inquiries or requests for information.
Company DescriptionBayVanguard is a full service financial institution in Maryland.Company DescriptionBayVanguard is a full service financial institution in Maryland.

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