Risk Analyst - Vendor Management

Risk Analyst - Vendor Management at Central Pacific Bank

$43,680.00/yr - $70,504.00/yr

Conduct due diligence and support ongoing monitoring of vendors as part of Central Pacific Bank’s Vendor Management Program (VMP). Duties differ by level:
Corporate Risk Analyst I/II develops job knowledge under moderate supervision;
Senior/Lead Risk Analyst provides guidance and leadership, leading to minimal supervision.

• Ensure compliance with the VMP requirements.
• Collaborate with Product Managers to communicate program requirements, providing training, tools, and guidance.
• Complete Due Diligence Review Forms, risk assessments, and ongoing monitoring of vendor services.
• Follow up with Product Managers and SMEs for timely review completion.
• Collect current audits (SOC, COI, etc.) from vendors.
• Manage day‑to‑day responsibilities for Venminder, Dun & Bradstreet, and other VM systems.
• Maintain user access and accurate information in Venminder.
• File and link due diligence and other program documents for future access.
• Add and maintain vendor records in Dun & Bradstreet for monitoring and reporting.
• Participate in VM‑related meetings and trainings, applying learned information to enhance the program.
• Input vendor information (new vendors, changes, ACH) into the bank’s accounts payable system per procedures.
• Solve requirements for IT SOX vendors affecting financial reporting.
• Conduct review of directors and officers for payments that may relate to related parties.
• Keep abreast of regulatory changes and update the program to ensure compliance.
• Identify and implement improvements and efficiencies in VM processes, policies, and procedures.
• Serve as backup to the Manager and provide status updates and overview reports on the VMP.
• Assist with audits and exams related to the VM program, offering supporting materials and remediation activities.
• Train junior analysts, product managers, and SMEs on VM policy, policy manual requirements, and VM systems.
• Lead meetings with stakeholders for vendor onboarding and additional vendor reviews.
• Review vendor contracts through lifecycle, monitor agreements, and document third‑party alerts and mitigations.
• Conduct quality assurance checks on all reviews to ensure compliance with VMP requirements.
• Contribute to vendor risk assessments, confirming resources, qualifications, insurance coverage, and strategic alignment.

• High School Diploma or GED equivalency required;
  Bachelor’s Degree preferred (Business Administration, Accounting, or Finance).
• Experience:
  
  3+ years for Analyst I (vendor relations, contract or procurement preferred); 4+ years for Analyst II; 5+ years for Senior Risk Analyst.
• Relevant Bachelor’s degree may substitute 2 or 3 years of experience at the corresponding level.
• 5+ years of reviewing and assessing financial statements, identifying and investigating financial risks.
• Vendor Management Certification or equivalent is preferred.

• Perform light physical work, including lifting items up to 20 pounds.
• Operate standard office equipment (phone, copier, PC, other electronic devices).
• Communicate verbally and in writing with internal and external customers; hear adequately for daily interactions.
• Read and understand bank‑related documents.
• Work in a conventional office setting, involving long periods of sitting and adaptability to different environments as needed.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug‑free workplace and perform pre‑employment substance abuse testing.