TowneBank ยท 2 days ago
Vendor Risk Management Analyst
Suffolk, VA
Full-time
Onsite
Mid Level
4+ years expTowneBank is focused on managing vendor risks associated with outsourcing products and services. The Vendor Risk Analyst will identify, assess, monitor, and report risks related to third-party vendors while collaborating with various stakeholders to support departmental goals.
Banking
Responsibilities
Coordinates vendor risk lifecycle activities with internal vendor owners, specialist area partners (Information Security, Compliance, Business Continuity, and Legal), and external third parties to obtain documentation and facilitate timely task completion
Performs risk assessment and due diligence review activities (financial analysis, reputational monitoring, and operational control environment reviews), with minimal input from VRM Manager, exercising the appropriate amount of critical thinking and risk analysis rigor for an assigned portfolio of vendor relationships
Develops and delivers completed review reports, with minimal input from VRM Manager
Performs administrative and regulatory review of contracts and other legal documents, with minimal management supervision
Maintains vendor inventory, vendor files, program software, due diligence artifacts, and related documentation
Identifies vendor risk events, changes, and issues and report on findings, with modest input from VRM Manager
Collaborates with VRM Manager to analyze vendor performance, identifiable risk, exceptions, and risk mitigation plans
Maintains VRM Policy, Standards, Procedures, and other risk-focused program documentation with modest input from VRM Manager
Applies a strong knowledge of regulatory requirements and industry best practices
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)
Other duties as assigned
Qualification
Required
Bachelor's degree in Business, Finance, Accounting, Communications, Information Technology or related discipline
4 years of experience within enterprise risk programs and processes
4 years risk management, audit, information technology/security, or compliance experience
4 years of financial services or banking experience
4 years of project management experience
Basic understanding of risk management principles, banking operations, products/services, systems, and associated risks/controls
Working knowledge of vendor risk lifecycle activities
Knowledge of regulatory guidance, including Interagency Guidance on Third Party Relationships: Risk Management or FIL-29-2023
Able to build strong relationships with business partners
Strong oral and written communication skills
Able to work well in a time-sensitive environment and handle a variety of tasks simultaneously
Able to work independently and in a team-oriented, collaborative environment
Intellectually curious; strong analytical skills, working with data and drawing conclusions
Preferred
Graduate degree in Business, Finance, Accounting, Communications, Information Technology or related discipline
Experience in risk or vendor-related role (i.e., vendor risk, strategic sourcing, or procurement)
Holds an industry-recognized third-party risk management or vendor management certification
Company
TowneBank
TowneBank is a bank that offers various financial services to individuals and businesses.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2000-01-14IPO
Leadership Team
William I. Foster III
President & Chief Executive Officer
Lee Clark
Chief Operating Officer
Recent News
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2025-12-27
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