John Marshall Bank · 2 weeks ago
Vendor Risk Analyst
Reston, VA
Full-time
Onsite
Mid Level
3+ years expJohn Marshall Bank is looking for a Vendor Risk Analyst who will assist in the assessment and monitoring of risks associated with third-party vendors. This role involves evaluating vendor performance, ensuring compliance with contracts, and supporting vendor relationship management.
BankingFinancial ServicesInsuranceProperty Management
No H1B
Responsibilities
Evaluate vendor performance based on quality, price, delivery, and responsiveness
Monitor vendor activities and ensure compliance with contract terms, policies, and procedures
Communicate vendor performance issues and potential contract risks to appropriate stakeholders
Support contract owners in establishing and maintaining strong relationships with vendors
Assist contract owners in developing and implementing strategies for selecting and managing vendors to optimize cost-effectiveness and efficiency
Support contract owners in researching and negotiating favorable terms, pricing, and agreements with vendors
Assist contract owners in reviewing contracts
Maintain a database of all vendor contracts and related documentation
Ensure contracts are compliant with internal company policies
Track key contract dates (renewals, terminations, etc.) and take proactive action
Ensure timely and accurate execution of contracts, including renewals and amendments
Collaborate with finance, accounting and risk management teams to review terms and conditions for compliance and risk management
Ensure all vendor activities are aligned with regulatory, legal, and organizational requirements
Conduct vendor audits and performance evaluations to mitigate risks and identify areas of improvement
Develop and support policies and procedures for vendor selection, monitoring, and termination
Track contract-related risks, ensuring liabilities are minimized
Provide regular reports on vendor performance and contract status
Analyze vendor data to identify trends, risks, and opportunities for improvement
Maintain accurate records and documentation of all vendor interactions, negotiations, and contract activities
Qualification
Required
Bachelor's degree or equivalent experience
Minimum of 3 years' experience in vendor management, procurement, and contract administration
Strong communication and relationship management skills
Knowledge of SOX vendor regulations, and industry best practices
Ability to manage multiple projects and prioritize tasks effectively in a fast-paced, high-volume environment
Proficiency in Microsoft Office Suite
In office position - must be within commuting distance to Reston, VA
Preferred
Bachelor's degree in Business, Banking, Supply Chain Management or a related field
Experience with N-Contracts Platform
Attention to detail and a high level of organizational skills
Ability to build and maintain positive relationships with vendors and internal stakeholders
Strong analytical and problem-solving skills
Benefits
Medical
Dental
401K Retirement Plan w/ an Employer Match
Vision
Employee Assistance Program
Flexible Spending
Transit Reimbursement
Long Term Care
Paid Time Off
Life and Disability Coverage
Company
John Marshall Bank
John Marshall Bank is a community bank that delivers tailored banking services and remarkable client experiences.
51-200 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2013-11-22IPO
Leadership Team
Charles Kapur
SVP / Director of Deposit Services
Christopher Mullings
Senior Vice President and Commercial Team Lead
Recent News
EIN Presswire
2025-10-23
Company data provided by crunchbase