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Rochdale · 6 days ago

Senior Vendor Risk Analyst

United States

Full-time

Remote

Senior Level

5+ years exp

Rochdale is an industry leader providing customized strategy and risk management services in the financial industry. The Senior Vendor Risk Analyst plays a pivotal role in assisting clients by assessing, mitigating, and monitoring risks associated with third-party vendors.

ConsultingRisk ManagementSoftware

Responsibilities

Perform initial and ongoing risk assessments of vendors, identifying potential areas of vulnerability across various risk domains (e.g., cybersecurity, financial stability, operational resilience, regulatory compliance)

Conduct comprehensive due diligence reviews, including analysis of financial statements, SOC reports, policies and procedures, penetration tests, business continuity plans, and other relevant documentation

Contribute to the creation and refinement of vendor risk management policies, procedures, and standards, ensuring alignment with industry best practices and regulatory requirements

Collaborate with clients to review vendor contracts, identifying potential risks and ensuring appropriate risk mitigation language is included

Establish ongoing monitoring mechanisms to track vendor performance, identify changes in risk profiles, and escalate potential issues promptly to clients. Assist clients in developing clear risk reports to management

Provide training to clients on vendor risk management principles and processes

Build and maintain effective relationships with clients, facilitating communication and collaboration on risk mitigation strategies

Assist the Vice President, Compliance, with day-to-day supervision of the Vendor Risk Management team

Qualification

Risk ManagementVendor ManagementRegulatory ComplianceAnalytical SkillsCommunication SkillsAttention to DetailTeam SupervisionFinancial Institution ExperienceRisk Management SoftwareIndustry Regulations KnowledgeTechnology Risk Understanding

Required

Bachelor's degree in Business, Risk Management, Information Security, or a related field

Minimum 5 years of experience at a financial institution in a risk management, third-party vendor management, regulatory compliance role, or a related field

Experience supervising a team

Proven ability to analyze complex information, identify potential risks, and develop risk mitigation strategies

Excellent written and verbal communication skills for report writing, presentations, and interaction with vendors and stakeholders

Meticulous attention to detail is essential for accurate assessments