Third Party Risk Analyst I

Sutton Bank; Attica (OH); On-site; USD 45,000 - 65,000; Full time

Job summary

Sutton Bank is seeking a Vendor Risk Analyst to support the vendor management and risk monitoring efforts of the Bank. The role involves due diligence on onboarded vendors and maintaining essential documentation.

Qualifications include an Associate's degree in Business Administration or related field and at least one year of experience, preferably in a financial institution. Strong Excel/database skills and clear communication are essential.

Qualifications

• Associate's degree in Business Administration or related field.
• Experience: minimum one year, preferably in a financial institution.
• Equivalence of education and experience accepted.

Responsibilities

• Performs due diligence on onboarded vendors for Core and Payments vendors.
• Reviews vendors for reputation risk, prepares vendors for Payments Risk Committee.
• Collects and retains contract documentation to support operations.
• Gathers documentation to complete due diligence in vendor management software.
• Performs updated due diligence and creates templates for weekly committee agenda.
• Performs ongoing due diligence for established vendors.
• Performs monthly testing for LAP Card Program.

Skills

Communication

Interpersonal skills

Multi-tasking

Problem-solving

Excel

Database management

Self-directed

Motivated

Industry knowledge

Education

Associate's degree in Business Administration or related field

Tools

Excel

Vendor management software

Database software

Job description

Summary

Responsible for supporting the vendor management and risk monitoring efforts for the Bank.

Qualifications

Education: Associate's degree in Business Administration, or related field.

Licenses/Certifications: None.

Experience: A minimum of one year of experience, preferably in a financial institution. Or equivalent combination of education and experience.

** POSITION CAN BE LOCATED IN CORPORATE OFFICE (ATTICA, OH) OR COLUMBUS, OH **

Essential Functions

A: Job Specific

• Performs due diligence on onboarded vendors, for both Core and Payments' vendors.
• Performs reviews on vendors to include, but not be limited to, reputation risk reviews, preparing vendors for Payments Risk Committee and vendor/department follow-up.
• Collects and retains documentation as defined in the contract to support sound operations.
• Assists in gathering necessary documentation to complete due diligence in vendor management software.
• Performs updated due diligence on vendors and completes template(s) for weekly Payments Risk Committee agenda.
• Performs ongoing due diligence for established vendors.
• Performs monthly testing for LAP Card Program.

Knowledge/Skills/Abilities

• The ability to communicate effectively and clearly, both in verbal and written communications.
• Excellent interpersonal skills.
• Strong knowledge of the business area that is being supported.
• Self-directed and motivated.
• The ability to manage multiple tasks.
• Excellent problem-solving skills.
• Ability to respond to common inquiries or complaints from internal or external sources.
• Specific experience/expertise with Excel and/or database management.

Sutton Bank is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.