Vendor Management 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

Description

Position Summary:

This position is responsible for supporting the Bank’s Third-Party Risk Management and Vendor Management program by maintaining a complete and accurate vendor inventory and providing independent risk-based oversight of vendor relationships. This position ensures that vendors are appropriately assessed, monitored, and managed throughout the vendor lifecycle in accordance with regulatory expectations, internal policies, and risk management standards. The analyst partners with business units, Compliance, Information Security, and Risk Management to evaluate vendor risk and maintain an effective vendor oversight framework.

The Vendor Management Analyst will coordinate due diligence of vendors, facilitate contract reviews, and prepare materials for regulatory examinations and board reporting. Strong analytical and problem-solving skills along with attention to detail are essential.

The level of this position is based on years of service, education and/or equivalent experience, knowledge level and skill set.

Essential Functions:

To perform this job successfully, an individual must be able to perform each Essential Function and Skill satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

1. 1. Conduct initial and ongoing due diligence reviews for third-party vendors.
2. 2. Review financial statements, SOC reports, cybersecurity assessments, business continuity plans, insurance coverage, and other documentation.
3. 3. Assess vendor risks related to operational, compliance, reputational, strategic, and information security concerns.
4. 4. Identify and escalation and concerns or gaps.
5. 5. Track completion of ongoing monitoring requirements and due diligence reviews.
6. 6. Assist with review of vendor contracts and service agreements.
7. 7. Track contract renewals, expirations, and termination requirements.
8. 8. Ensure contracts meet required regulatory risk management provisions.
9. 9. Maintain documentation necessary for regulatory examinations and internal audits.
10. 10. Assist in responding to examiner and auditor requests.
11. 11. Maintain the vendor management repository.
12. 12. Prepare reports for management committees, senior leadership, and Board as needed.
13. 13. Collaborate with relationship managers to identify and manage vendor risks.
14. 14. Provide guidance and training to relationship managers regarding vendor management requirements.
15. 15. All employees are expected to exemplify and follow our core values.
16. 16. Regular attendance and punctuality when reporting to work.
17. 17. Travel for trade and industry schools and seminars as needed.
18. 18. This position may require installation of a Multi-Factor Authentication (MFA) app on an employee’s personal mobile device. The MFA apps are used to authenticate a user’s identity to the system for security purposes.
19. 19. Adhere to and comply with all applicable, federal, and state laws, regulations, and guidance, including those related to BSA/AML, as well as adhere to the Bank’s policies and procedures.
20. 20. Perform other duties as assigned and requested.

Core Values

Humility - We are “blue-collar bankers”. We are relatable, down-to-earth people who greet our smallest customer the same way we greet our largest.

Respectful, Genuine Care for Others - We care about each other, we care about our customers, and we care about our communities.

Finds A Way - This simply put, is nothing more than attitude. It’s a can‑do spirit, a desire to help, to contribute, to go above and beyond, and to make a difference.

Effort - We expect a lot of ourselves and hold ourselves to a high standard. We are not entitled, and we need to earn it from our customers and each other every day.

Owning-It - Owning-It or Accountability is a big word that can encompass a great many things. For Citizens Alliance Bank, it’s about ownership. When an employee says they will do something, they follow through and get it done.

Education and Experience:

Required – High school diploma or GED, Etc.

Required - Continuing Education to maintain job knowledge.

Required - Three to Five years of banking experience.

Preferred - Three to Five years of customer service experience.

Preferred - Proficiency in Microsoft Suites.

The employer has the right to revise this position description at any time. The position description is not a contract for employment.

Citizens Alliance Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual preference or orientation, gender identity, gender expression, national origin, disability, veteran status and all other protected classes.