Vendor Risk Management Analyst

Vendor Risk Management Analyst

This is a full-time career opportunity that can be remote. The job's primary responsibility is to manage assigned vendor relationships throughout the entire vendor life cycle, including identifying, capturing, challenging, and documenting risk and performance factors for Fulton's vendors. Oversight of Fulton's vendors is a regulatory requirement from OCC, FDIC, FRB, FFIEC, and CFPB. Incumbents will be required and have the autonomy to exercise critical thinking, examine the various elements of the risk and impact associated with a vendor relationship, and process exceptions and waivers in accordance with VRM procedures as needed. Analysts will be required to exercise critical thinking and strategic decision-making to propose to senior staff the appropriate amount of rigor and control risk mitigation to the life cycle management of all assigned vendor relationships in their portfolio. Analysts will be required to act independently to review and support risk-based decisions that will yield various levels of rigor and recourse.

Responsibilities

• Collaborate with the line of business stakeholders to identify vendor relationships and initiate the onboarding and life cycle management by capturing necessary information in TPRM software and files.
• Develop strong working relationships with other departments and serve as a vendor risk management subject matter expert.
• Analyze risk and performance factors from various lines of business, credibly challenge responses, validate the existence of adequate controls, and artifact final determinations.
• Analyze and maintain oversight of third-party risk population of vendors.
• Maintain a complete and organized vendor portfolio with accurate data to be reported upon and shared with internal governing committees, auditors, examiners, and ultimately Fulton's Board Risk Committee.
• Comply with internal procedures related to document escalations, exceptions, renewals, terminations, and approvals.
• Actively participate and provide feedback in meetings and on committees as assigned.
• Develop and maintain training courses and materials for review and approval by management-support the senior staff on other reporting projects and tasks as assigned.
• Keep informed of new and amended vendor risk, legal, regulatory, and operational trends and practices, and communicate pertinent information, including the best approach for implementing changes as appropriate for the vendor risk management department and the company.
• Support internal and external stakeholders to follow department policy and procedures and provide supporting training as needed for software tools, workflows, and general inquiries.
• Facilitate the gathering and review of additional due diligence documentation with lines of business and 2nd line subject matter experts.

Qualifications

Education Bachelor's Degree or the equivalent experience. Specialty : Business, Finance, Accounting, Communications, Information Technology. (Required) Experience 3 or more years third-party risk, internal risk, audit, information technology / security, vendor management, or compliance preferably with a financial institution. (Required) Knowledge, Skills, and Abilities strong analytical and communication skills, attention to detail (Preferred) ability to quickly adapt to new processes in a fast-paced and forward-thinking work environment (Preferred)

Pay Transparency

To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses / credentials. The salary range may vary based on geographic location. The salary range for this position is $56,300.00 - $93,800.00 annually. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.

Benefits

Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives.

EEO Statement

Fulton Bank is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.