Risk management specialist Jobs in Los Angeles, CA

Vendor Management Risk Analyst

Los Angeles, CA, USA Req #2468

Friday, January 31, 2025

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

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GENERAL SUMMARY

The Vendor Management Risk Analyst is responsible for the ongoing monitoring of vendor relationships, coordinating and facilitating vendor risk assessments, conducting and performing due diligence / quality assurance reviews, assisting with the training of relationship managers and subject matter experts, coordinating and facilitating subject matter expert reviews of vendor due diligence material, maintaining the vendor, contract, and engagement inventories, analyzing and assessing third-party risk results and recommending courses of action, facilitating and participating in working groups and meetings, advocating vendor diversity program, and assisting in the preparation of enterprise level reporting.

ESSENTIAL FUNCTIONS

• Responsible for the coordinating and facilitating of the Vendor Management risk assessments, resolving issues with the business unit, subject matter expert, and / or relationship manager, and performing quality assurance reviews.
• Provides consultation on risks identified that need to be considered by the business unit / relationship manager and ensures risks identified are properly documented and incorporated into governance committee reporting, as appropriate.
• Supports the development of key measures and performance indicators to monitor the execution of the Vendor Management Program.
• Improves the effectiveness of the Vendor Management Program by partnering with Third-Party Risk Management to provide a timely response to the review and challenge process and how the changes to the program requirements will be incorporated in the Vendor Management Office processes.
• Provides third-party risk assessment results that aggregates the results of the subject matter expert reviews, clearly documenting and analyzing risk exceptions and, where applicable, working with the business owners to assist in documenting the appropriate action plans to remediate identified risks.
• Aggregates risk assessment results to create enterprise-level risk reporting for Senior Level Management.
• Ensures all required due diligence documents are on file and have undergone proper subject matter expert (SME) reviews.
• Maintains Bank wide third party, contract, and engagement databases capturing, categorizing, and risk rating vendors / engagements and their sub-contractors where appropriate.
• Partner with Third-Party Risk Management to provide feedback on policies, procedures, processes, and workflows as needed.
• Stays current of any Vendor Management regulatory requirements and changes as well as industry best practices which would influence the Vendor Management Office.
• Works independently to analyze and assess information and recommends courses of action with minimal supervision.
• Partners with SMEs to ensure that business units comply with pertinent laws and regulations as it relates to vendors.

QUALIFICATIONS

Minimum 2 years of vendor management experience (or appropriate transferrable experience)

OTHER DETAILS

31.25 - $38.46 / hour

Pay determined based on job-related knowledge, skills, experience, and location.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy .

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We believe in diversity, equity, and inclusion in the workplace. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or [email protected] . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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