Third Party Vendor Analyst - Columbia Bank New Jersey : Job Details

Join to apply for the Third Party Vendor Analyst role at Columbia Bank New Jersey

Join to apply for the Third Party Vendor Analyst role at Columbia Bank New Jersey

Columbia Bank New Jersey provided pay range

This range is provided by Columbia Bank New Jersey. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$71,518.00/yr - $107,276.00/yr

Summary : The Third Party Vendor Analyst, under the direction of the SVP, Financial Risk and Data Analytics, performs all aspects of the third party vendor due diligence process, including the administration of the Bank's vendor management software system.Job Responsibilities:

• Performs all aspects of vendor management due diligence
• Risk assesses all new vendor requests and provides a written risk assessment that outlines any discrepancies, deficiencies and/or risks noted for review by the SVP, Financial Risk and Data Analytics.
• Reviews due diligence package documents submitted by the third party and provides a conclusion of the information.
• Disseminates vendor due diligence reviews and risk assessment to the necessary parties
• Tracks open items to be resolved/completed after the initial review. Works with the lines of business and other departments to document and resolve open items.
• Reviews existing vendor questionnaires in accordance with the tier-based monitoring schedule and completes all on going monitoring tasks
• Ensures that new vendor questionnaires are completed by the Line of Business and reviews the data to ensure the risk is measured appropriately
• Request FFIEC TSP exams on a quarterly basis
• Vendor Management Committee Meetings
• Contributes to the discussions surrounding the agenda items and reports
• Assists with the creation of the meeting agenda and prepares the requisite reports
• Maintain and enforce the Vendor Management and Contract Management Policy
• Third Party Risk Management Reporting
• Prepares monthly and quarterly reports for Sr. Management, Vendor Management Committee and the Board Risk Committee.
• Administrator of the vendor management system
• Provides support and guidance to all departments with respect to the Bank's vendor management software system
• Archives vendor questionnaires for terminated relationships and create new vendors in the system when needed
• Maintains and reviews the software system's user accounts to ensure appropriate access
• Assists with internal and external audits and examinations
• Provides requested documents in a timely manner
• Assist the Information Security department with Zero Day Assessments

Job Requirements:

• Unless determined otherwise by the Bank, applicants should be in their current position for at least one year to apply;
• Bachelor's Degree in business-related field;
• Exposure to third party risk and operational risk management;
• Knowledge of third party risk management lifecycle and risk assessment processes;
• Strong critical thinking, and analytical skills;
• Strong attention to detail, accuracy, and adherence to deadlines;
• Microsoft Office skills: proficient in Excel, Word, and Power Point;
• Excellent verbal, written and interpersonal communication skills;
• Ability to manage multiple projects simultaneously;
• Ability to exercise sound judgment and work independently.

Columbia Bank offers the following benefits:

• Medical, Dental, Vision and Rx which are contributory.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule:This role is eligible for a hybrid schedule; 3 days in the office and 2 days work from home based on business need.Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.

Seniority level

• Seniority levelEntry level

Employment type

• Employment typeFull-time

Job function

• Job functionSales and Business Development
• IndustriesBanking

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