Third-Party Risk Professional
Western Alliance Bank
full-time
Posted on:
Location Type: Office
Location: Phoenix • Arizona • 🇺🇸 United States
Visit company websiteJob Level
Mid-LevelSenior
About the role
- Work with WAB suppliers and internal business sponsors to assess service engagements for risk as it relates to the Corporate Third-Party Management Policy.
- Assist in the full life cycle for third party management processes from onboarding to managing existing third-party relationships.
- Evaluate third-parties and build rating-based risk profiles, prepare audit documentation, facilitate due diligence questionnaires, and obtain various approvals.
- Assist with monitoring third-party compliance with federal regulations regarding technology, security, operations, and data protection.
- Perform and coordinate the initial approval and renewal processes for the Company’s third-parties as well as their ongoing monitoring.
- Coordinate the review and approval process for new third-parties initiated by the Business Relationship Owners (BRO).
- Perform onboarding due diligence process for all new third-parties, including obtaining and reviewing references, background checks, financial statements, policies and other due diligence, as appropriate.
- Facilitate Due Diligence Questionnaires (DDQ) and supplier checks (OFAC, D&B, etc.).
- Contribute to cross functional teams monitoring third-party performance, contract, or risk.
- Assist with third-party risk reviews, maintain current contracts, artifacts, and obtain applicable approval for any exceptions to the Third-Party Management Policy.
- Facilitate contract review between business third-party management issues, and maintain third-party compliance and approval of third-party access.
- Be a change-agent and impact decisions within the department and the business lines you support.
- Assist with regulatory compliance risk assessments and related infrastructure enhancements.
Requirements
- 3+ years of related experience in Vendor Management or similar field.
- Bachelor's degree or equivalent experience required; Bachelor's degree in related field preferred.
- Entry level to intermediate knowledge of general banking or financial services is preferred.
- Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Entry level to intermediate knowledge and skills of Microsoft Office Suite.
- Experience using financial/quantitative data.
- Entry level to intermediate experience working multiple, concurrent projects independently within standard accepted practices.
- Intermediate speaking and writing communication skills, including demonstrated technical writing skills.
Benefits
- We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
third-party managementrisk assessmentdue diligencecompliance monitoringcontract reviewfinancial analysisaudit documentationregulatory compliancevendor managementdata protection
Soft skills
communication skillstechnical writingorganizational skillschange managementcross-functional collaborationindependent project managementinterpersonal skillsproblem-solvingdecision-makingteamwork