Third-Party Risk Analyst

Job Description

Being a Country Bank team member has a lot of perks! Our competitive total compensation package and comprehensive benefit package include:

• Medical, dental and vision insurance, a 401(k) Plan with a generous employer contribution plus match;
• Income protection benefits;
• Educational assistance and tuition reimbursement benefits;
• Remote work and flexible scheduling options;
• Generous total paid time off, and more!

Country Bank is a growing mutual community bank with locations in Hampden, Hampshire and Worcester counties. We’ve focused on Making a Difference in the lives of our customers, our communities, and for our team members every day since we were founded in 1850. It is our people that drive our success and create our culture, an inclusive and engaging work environment.

We’re excited to meet you to talk about our career opportunities and how you can make a difference as a part of our growing Risk team!

About the Job:

Weu
2019re excited to announce an opportunity for the position of Third-Party Risk Analyst! Under the direction of the Vice President, Risk Management, this position will ensure enterprise-wide needs for due diligence, risk assessment, and continued vendor monitoring for third-party service providers. The Third-Party Risk Analyst analyzes reports for interpretation and recognizes, communicates, and develops a solution for risk mitigation with System Owners and Management.

The hiring range for this position is $62,000 to $72,000.

This position is Full Time, 40 hours weekly.

• Coordinate with business areas/vendor owners and assist with new third-party vendor onboarding reviews and with continued due diligence reviews based on vendor risk rating. Set review dates, tracks review progress, ensures appropriate documentation is maintained, and follows up with the vendor/business area as needed. Review and evaluate the adequacy of reports received for critical and essential vendor oversight to ensure exceptions are resolved, impact analyses are performed, and control considerations are addressed by business areas.
• Work collaboratively with business areas to analyze new and renewing vendor contract terms and provide recommended changes to be in line with policy.
• Communicate results, recommendations, and issues for any third-party vendor effectively to all levels of management. Generates monthly reports and memos for Risk Management Committee.
• Work collaboratively with IT Security to facilitate third-party vendor onboarding, continued due diligence, and terminations.
• Maintains the Vendor Risk Management Program in accordance with Regulatory Guidance and industry practices. Generates annual Board Reporting statistics regarding program trends and vendor risk.
• Responsible for providing recommendations for enhancements to the Vendor Risk Management Policy annually, or as required, and ensuring that risk tolerance levels accurately reflect the Bank’s risk appetite. Partners with and builds relationships with business areas in order to support compliance with Vendor Risk Management Policy and Procedures.
• Support the management of the centralized third-party risk management platform.
• Provide support, education, and training to staff to build third-party vendor risk awareness within the company.
• Assist in audit, compliance, and pre-exam requests for vendor due diligence documents.
• Cross-train with Technology Risk Analyst.
• Responsible for building long-lasting relationships with customers, community and colleagues through the embodiment of our Core Values:
  Integrity, Service, Teamwork, Excellence and Prosperity.
• Other job duties, as assigned.

It requires that the employee in this position is highly motivated, result oriented, independent and a collaborative worker. This employee should have keen attention to detail, excellent organization skills, ability to manage multiple projects within set deadlines. An individual with strong written and verbal communication skills to effectively communicate complex concepts to non-technical staff and develop reports and memos to articulate risks and a proven ability to partner effectively across all levels of the organization and…