Vendor Risk Analyst (Full Time) - Sugar Land East Lawn

Job Description

Job Description

External Applicants : Please apply through Prosperity Bank's Career Center at https : / / www.prosperitybankusa.com / Careers. Applying through any other source may prevent Prosperity from receiving your application.

Internal Applicants : If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.

POSITION PURPOSE

The Vendor Risk Analyst will be part of the Vendor Management Office. The Vendor Management Office is responsible for supporting the development, implementation, and maintenance of the Bank’s Third-Party Service Arrangements (Vendor Management) Program. In this role, the Vendor Risk Analyst will assist with the execution and maintenance of the program and activities related to management of third-party risks at the overall direction of the Vendor Risk Management Director. The Vendor Risk Analyst will need to bring strong critical thinking, initiative, and drive. This role will be responsible for supporting the Policy and Program by maintaining the vendors and contracts software platform, participating in risk assessments and vendor Ongoing Monitoring, monthly and quarterly reporting, as well as partnering with the various Business Units throughout the organization alongside the Vendor Risk Management Director.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Support risk management processes, improvement practices, and regulatory compliance by identifying, quantifying, reviewing, evaluating, and measuring risk to ensure that all operational risk categories are identified and managed in accordance with regulatory compliance and audit requirements, and strategic plans.
• Effectively communicate to a wide spectrum of stakeholders, including vendors.
• Develop strong working relationships with business partners across the company to better understand the Bank’s business and operations to properly support an effective Vendor Management Program though evaluation, improvement, and monitoring, including support of regulatory requirements and strategic projects in operational areas pertaining to risk identification and assessment and risk governance and organization.
• Coordinate new and Ongoing vendor due diligence and assign risk assessments through the vendors and contracts software platform. Execute vendor and contract checklists.
• Maintain the Vendors and Contracts Outlook inbox by responding to incoming emails.
• Assist in the creation of reports for various board and / or management committees.
• Assist in the administration of functional and security related responsibilities regarding the Bank’s vendors and contracts system including annual vendor due diligence, maintenance, and performance reviews.
• Create and maintain vendor records.
• Maintain user access in the vendors and contracts platform and complete user access reviews.
• Assist with and coordinate vendor contract review and negotiation with Legal Counsel.
• Support and promote strong vendor and contract management process improvements.
• Coordinate pick-up and delivery of records from vendor(s).
• Coordinate timely document management cycles with business units.
• Develop advanced knowledge and awareness of financial industry risk and control trends, recommend risk mitigation tactics where the Bank can improve upon operational and internal controls, and participate in governance and compliance initiatives related to Bank-wide policy limits and thresholds.
• Assist in maintaining department procedures and processes.
• Participate in regulatory examinations and audits.
• Perform other duties as assigned.

SUPERVISORY RESPONSIBILITIES :

This role does not have supervisory responsibilities.

QUALIFICATIONS

Education / Certification : Associate’s or Bachelor’s degree or 2 to 5 years of related experience and / or training; or the equivalent combination of education and experience; work related experience should consist of an in-depth background in bank administration, compliance, and / or risk. Educational experience, through in-house training sessions, formal school, or related curriculum should be applicable to the financial industry.

Skills / Abilities : Ability to support and meet deadlines.

Competency in supporting multi-discipline, high performance work teams.

Ability to effectively adapt to rapidly changing priorities and technology.

Knowledge of compliance, risk management including third-party risk management, and information technology issues in a working environment.

Excellent interpersonal, oral, and written communications and organizational. Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and governmental regulations. Ability to write reports, business correspondence, and assist with procedure manuals. Ability to effectively present information to management, internal clients, and vendors.

Strong analytical skills and experience necessary. Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.

Strategic thinking and ability to support analytical project and design processes.

Excellent planning and organizational skills.

Superior relationship-building skills, including conflict resolution and negotiation skills; ability to communicate, influence, persuade and gain confidence of peers and senior management.

Proficient with Microsoft Office Suite, including Microsoft Word, Excel, PowerPoint.

Monday - Friday : 8 : 00AM - 5 : 00PM