Third Party Risk Analyst - SLC
Zions Bancorporation is one of the nation’s premier financial services companies, consisting of a collection of great banks with combined total assets exceeding $65 billion. Zions’ subsidiary ZB, N.A. operates banking divisions under local management teams and community identities in 11 states.
We are currently seeking a Third-Party Risk Analyst to join our Supply Chain Management Team. This position is located in our West Valley office. This job is great for someone just graduating from College.
Responsible for performing third-party risk assessments and analyzing the risk level of third-party engagements, both for new and existing vendors (as part of ongoing review and update cycles). Analyze due diligence documentation to arrive at risk assessment ratings against the Bank’s risk methodology, and in accordance with regulatory and industry standards. The successful candidate should have a degree in Business, Finance or related field and vendor contract documentation, vendor relationships or equivalent experience or certifications. She/he should have a knowledge of third-party risk management, vendor regulatory requirements and reporting.
Responsibilities
- Responsible for performing third-party risk assessments and analyzing the risk level of third-party engagements, both for new and existing vendors (as part of ongoing review and update cycles)
- 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 level of QC before passing on to subject matter experts (SMEs), where necessary
- Synthesize inputs from Bank’s risk SMEs, vendor documentation, and conversations with lines of business to develop risk assessments
- Author risk narratives to communicate what key risks are for an engagement or vendor, and support why a certain risk level has been assigned
- Monitor, analyze and maintain vendor information and documentation
- Form strong relationships with lines of business and risk SMEs across the Bank, to facilitate a positive and open working relationship
- Use strong understanding of risk topics and ‘risk mindset’ to actively challenge inputs (e.g. vendor and business claims)
- Contribute to and lead internal initiatives, including methodology enhancements and acting against workplans to deliver projects
- Present, when required, analysis and findings to senior stakeholders and committees
- Work with business units to ensure documentation is received and updated as needed
- Work collaboratively with other teams in supply chain management as well as with stakeholders across the business
- Keep current on regulatory requirements
Minimum Qualifications
- Requires a degree in Business, Finance or related field
- Experience in vendor risk management, risk management, vendor management or equivalent experience or certifications preferred
- She/he should have knowledge of vendor management, regulatory requirements and compliance.
Necessary Skills:
- Must have problem solving, communication, project and vendor relationship management skills
- Ability to take initiative and make sound decisions
- Knowledge of word processing, database and spreadsheet software and applications, and capability to do the work of the group
- Ability to set and maintain high quality work standards
- Attention to detail
- Risk-mindset
- Ability to deal effectively with people in various job capacities
Zions Bancorporation and its affiliates and divisions (“Zions”) is an equal opportunity employer which prohibits all forms of discrimination and harassment. Zions is committed to the principle of equal employment opportunity for all employees and employment candidates and to providing a work environment free of discrimination and harassment. All employment decisions at Zions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion, ethnicity, sex, sexual orientation, gender identification, age, national origin, pregnancy, veteran status, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Zions will not tolerate discrimination or harassment based on any of these characteristics. Zions encourages applicants of all ages.
It Zions’ policy not to discriminate because of a person’s relationship or association with a protected veteran. This includes spouses and other family members. Also, the Zions will safeguard the fair and equitable treatment of protected veteran spouses and family members with regard to all employment actions and prohibit harassment of applicants and employees because of their relationship or association with a protected veteran.
Applicants Requesting Accommodations: If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access our career site. You can request reasonable accommodations by contacting us at careers@zionsbancorp.com or 801/844-7628. Please email your resume/cover letter, indicate what position you are interested in and include "Accommodation needed" in the subject line to ensure your information is routed to the appropriate contact.