Vendor Risk Analyst

Vendor Risk Analyst

The Vendor Risk Analyst is responsible for supporting Central Hudson's efforts to assess, monitor and mitigate information and cybersecurity risks associated with our vendors and third-party relationships. The ideal candidate will have a strong understanding of vendor risk management principles, excellent analytical skills, and the ability to communicate effectively with internal stakeholders and vendors alike.

What does a Vendor Risk Analyst do?

• Conducts comprehensive risk assessments of new and existing vendors, evaluating factors such as financial stability, regulatory compliance, security protocols and data privacy practices
• Performs light system administration duties for the Third-Party Risk Management (TPRM) platform (Whistic), including user access management, configuration updates, troubleshooting support, and coordination with platform support teams to ensure optimal system performance and data integrity
• Implements and supports processes for ongoing monitoring of vendor activities and performance, identifying potential risks and implementing mitigation strategies as needed
• Collaborates with cross-functional teams to develop and update vendor risk management policies, procedures, and standards in alignment with industry best practice and regulatory requirements
• Conducts due diligence reviews of potential vendors, assessing their capabilities, reputation, and adherence to contractual obligations
• Cultivates positive and collaborative relationships with vendors, serving as a point of contact for risk-related inquiries and facilitating regular communications
• Monitors vendor compliance with contractual and regulatory requirements, escalating issues as necessary and coordinating remediation efforts as needed
• Prepares and maintains accurate records of vendor risk assessments, findings, and remediation activities, generating regular reports for senior management and regulatory authorities as required
• Provides support for storm restoration efforts

What does it take to be a Vendor Risk Analyst?

Required :

Preferred :

Applications will be accepted until December 3, 2025. This position has a career path which allows for advancement opportunities within a job series. The title and level are commensurate with experience. Pay range : $71,900 $168,700