Strategic Vendor Risk & Compliance Analyst

Citizens Alliance Bank; Clara City (MN); On-site; USD 70,000 - 100,000; Full time

Job summary

Citizens Alliance Bank seeks a Vendor Management Analyst to support its Third-Party Risk Management program by maintaining the vendor inventory and providing risk-based oversight across the vendor lifecycle.

You will collaborate with Compliance, Information Security, and Risk Management to evaluate vendor risk, coordinate due diligence, and prepare materials for regulatory examinations and board reporting.

Qualifications

• Experience evaluating vendor risk and monitoring third-party relationships.
• Ability to coordinate due diligence reviews and contract reviews.
• Strong analytical and problem-solving skills with attention to detail.

Responsibilities

• 1. Conduct initial and ongoing due diligence reviews for third-party vendors.
• 2. Review financial statements, SOC reports, cybersecurity assessments, BCPs, and insurance documents.
• 3. Assess vendor risks across operational, compliance, reputational, strategic, and information security areas.
• 4. Identify escalations and gaps and communicate findings.
• 5. Track ongoing monitoring requirements and due diligence progress.
• 6. Assist with vendor contract and service agreement reviews.
• 7. Monitor contract renewals, expirations, and termination requirements.
• 8. Ensure contracts meet regulatory risk provisions.
• 9. Maintain documentation for regulatory examinations and internal audits.
• 10. Support examiner/auditor requests with organized data.
• 11. Maintain the vendor management repository.
• 12. Prepare management and board reports as needed.
• 13. Collaborate with relationship managers to identify vendor risks.
• 14. Provide guidance and training on vendor management requirements.
• 15. Demonstrate core values in daily work.
• 16. Maintain regular attendance and punctuality.
• 17. Travel to trade/industry schools as required.
• 18. Possible MFA app installation on personal device for security.
• 19. Adhere to applicable laws, regulations, and bank policies.
• 20. Perform other duties as assigned.

Skills

Vendor risk management

Due diligence

Contract review

Regulatory reporting

Stakeholder collaboration

Education

High school diploma or GED

Continuing education

Tools

Microsoft Office Suite

Job description

Citizens Alliance Bank seeks a Vendor Management Analyst to support its Third-Party Risk Management program by maintaining the vendor inventory and providing risk-based oversight across the vendor lifecycle.

You will collaborate with Compliance, Information Security, and Risk Management to evaluate vendor risk, coordinate due diligence, and prepare materials for regulatory examinations and board reporting.