Vendor Risk Specialist I

2 weeks ago


Los Angeles, California, United States City National Bank Full time
About the Role

City National Bank is seeking a highly skilled Vendor Risk Specialist I to join our team. As a key member of our Vendor Management Office, you will be responsible for conducting enterprise-wide third-party risk evaluations and management services.

Key Responsibilities
  • Facilitate third-party risk assessments for initial due diligence and ongoing oversight of third-party vendor services.
  • Partner and coordinate closely with internal stakeholder areas to facilitate and evaluate 3rd-party service providers.
  • Document remediation efforts/projects for material supplier risks and track to completion.
  • Measure and monitor progress of supplier risk management activities, including issues tracking and risk remediation efforts.
  • Support facilitation and documentation of various reports, such as vendor scorecards and ongoing monitoring artifacts.
  • Perform data analysis and draw conclusions as it relates to vendor and contract data.
  • Maintain vendor and contract data in systems.
  • Champion the enterprise Vendor Management purpose throughout the organization; train and advise internal CNB staff on the vendor management processes.
  • Provide risk awareness and training to colleagues in support of CNB's Third Party Risk Management Policies and Procedures.
  • Escalate issues (delays; significant gaps; uncooperative parties; etc.) to management as required; work to resolve issues as needed.
  • Support various ad hoc projects supporting program enhancements, process improvements, and other functions.
Requirements
  • Minimum of 4 years of third-party risk management experience in the financial services industry, conducting risk assessments, and reporting on KRIs.
  • Minimum of 3 years of experience in risk and controls identification, appropriately scoping assessments, and performing assurance testing.
  • Minimum of 2 years working with a GRC system, incorporating continuous improvement for the system and process.
Preferred Qualifications
  • Comprehensive knowledge of third-party risk management processes and methodologies.
  • Comprehensive knowledge of the third-party risk management lifecycle: planning, due diligence, contracts, ongoing monitoring, and termination.
  • Experience using third-party risk management/Governance, Risk, and Compliance (GRC) systems.
  • Experience with contracts, including master service agreements, statements of work, and license agreements.
  • Industry-recognized third-party risk management or vendor management certification.
  • Six Sigma certification.
  • Experience assessing cloud servicing arrangements.
  • Strong project management skills (organizing, planning, reporting, documenting, driving tasks to closure, etc.).
  • Strong analytical skills, working with data and drawing conclusions.
  • Excellent oral and written communication skills; ability to communicate with all levels of management; experience performing both detailed and executive-level documentation.
  • Advanced knowledge of Microsoft Office tools; specifically, Excel and PowerPoint.


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