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FirstBank · 1 month ago

Third-Party Risk Analyst II

Nashville, TN

Full-time

Onsite

Entry, Mid Level

2+ years exp

FirstBank is seeking a Third-Party Risk Analyst to join their Third-Party Risk Management Program. The Analyst will be responsible for conducting risk assessments and analyzing vendor risks to ensure compliance with regulatory standards, while also collaborating with various business units to manage and mitigate third-party risks effectively.

BankingCustomer ServiceFinance

Responsibilities

Responsible for performing third-party risk assessments and analyzing the risk level of third-party engagements, both for onboarding new vendors and reassessments of existing vendors, as part of ongoing review and update cycles

Partner with business units to ensure documentation is received and updated as needed

Analyze due diligence documentation to arrive at risk level determinations against the Bank’s risk methodology and in accordance with regulatory and industry standards

Assess the adequacy of due diligence documentation received from vendors as a level of quality control (QC) prior to passing on to subject matter experts (SMEs)

Synthesize inputs from SMEs, vendor documentation, and business units to develop risk assessments and risk mitigation recommendations

Author risk narratives to communicate what the key risks are for an engagement with a vendor that support why a certain risk level has been assigned

Oversee the day-to-day risk mitigation, monitoring, analysis, and reporting as it relates to third-party relationships

Successfully completes vendor provided training

Maintain certifications and keep current on regulatory requirements

Serve as system administrator and onboarding back-up

Perform other duties and responsibilities as assigned

Qualification

Third-Party Risk ManagementRisk AssessmentRegulatory ComplianceMicrosoft OfficeAnalytical SkillsCommunication SkillsCritical ThinkingOrganizational SkillsInterpersonal SkillsTime Management

Required

Bachelor's degree and 2+ years of experience in TPRM, Compliance, Information Security, Quality Assurance/Control, Audit or other related Risk Management function

Excellent verbal and written communication skills

Must have strong computer skills and advanced knowledge of Microsoft Office applications

Ability to quickly learn industry and job specific software

Ability to independently complete assigned tasks in timeframe requested

Strong critical thinking skills with the ability to make decisions under pressure

Generalized quantitative and analytical skills

General understanding of SOC reports, BCP/DR information, inherent risk and entity level controls

Ability to prioritize requests and communicate effectively in a deadline driven environment

Advanced organizational skills

Understands fundamental risk theories, principles, and concepts (preferably in the context of third-party risk for financial institutions)

Desires to seek job specific advanced training and certifications

Ability to build strong partnerships with internal and external stakeholders