Vendor Management Analyst; Hybrid, Chicago, IL

Vendor Management Analyst (Hybrid, Chicago, IL) at Byline Bank

$61,000.00/yr - $76,000.00/yr

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:

BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024.

Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in , .
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America’s Best Small Employers 2023

• Travel to Corporate office up to 6 times a year

The Vendor Management Analyst is responsible for performing duties to support the effective administration of the Bank’s Third-Party Risk (Vendor Management) Program and Policy. The Vendor Management Analyst is responsible for ensuring company wide due diligence, risk assessment, and continuous monitoring of the vendor management processes.

• Completes inherent risk assessment activities to properly rate vendors using a risk-based approach.
• Analyzes vendor relationships to assess suitability at the time of onboarding, ongoing monitoring, and offboarding.
• Assists with preparing management reporting of Vendor Management Key Risk Indicators (KRIs).
• Completes annual vendor performance assessments of the Bank’s vendors.
• Responsible for updating and maintaining the integrity of the Bank’s Vendor Management databases and software application.
• Actively collaborates with Business Units including but not limited to Accounts Payable, Information Security, Business Continuity/Disaster Recovery, Legal, Credit, Compliance, BSA/AML, and Project Management teams.
• Proactively communicates Vendor Management issues to manager and recommends and assists with implementing solutions.
• Build, establish, and maintain vendor relationships, in conjunction with the Business Unit managers.
• Obtains required due diligence documents and ensures these are collected, reviewed, and approved when conducting necessary assessments for new and existing vendor relationships.
• Coordinates contract reviews with Legal, vendors, and business units.
• Assists in the administration of vendor contracts, specially related to contract term dates and other contract requirements as needed.
• Identifies added value and savings opportunities on third party spend.
• Raises, escalates, and remediates Vendor Management findings and operational events to manager.
• Manages and responds to Vendor Management Inbox inquiries.
• Performs administrative, performance, tracking and reporting tasks, identify process gaps, and support the implementation of appropriate mitigating actions to drive efficiencies.
• Provides support of vendor activities to achieve the goals and objects of the organization.
• Prepares dashboards, reports trends, and tracks progress as needed to monitor the execution of the risk assessment framework and assess the effectiveness of the control environment.
• Participates in audits to ensure vendor compliance with legal requirements, firm and industry standards, and contractual provisions.
• Conducts training of individuals completing risk assessments and leads Inherent Risk Meetings.
• Serves as a specialist on vendor management policies, processes, and systems.
• All other duties as assigned.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

• Bachelor’s degree…