Vendor Management Risk Associate

ID
2022-16200
Job Locations
US-CA-San Francisco

 

At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.

 

Incredible teams doing exceptional work, every day

Vendor Management is responsible for managing the risks associated with conducting business with third-party vendors and defining a consistent program for First Republic’s vendor relationships. In the process, we fulfill the applicable legal, information security and regulatory requirements on behalf of the organization. We also work with business units to secure; risk assess and oversee all vendor services.

 

Balancing Organizational Agility and Effective Risk Management

The Vendor Management Risk Associate is responsible for ensuring the compliance of the Bank’s Vendor Management program by overseeing and managing the Bank’s vendor relationships, facilitating the third-party vendor risk identification process, and completing other third-party vendor risk management duties as assigned.

 

What you’ll do as a Vendor Management Associate:

  • Manage the Bank’s vendor lifecycle phases from planning, due diligence and selection, contract negotiations, ongoing monitoring, and termination.
  • Collaborate with business owners and other internal stakeholders to ensure vendor risks are properly identified and controls are in place to mitigate risk and minimize financial, regulatory, and reputational exposure.
  • Effectively communicate and collaborate with business owners and support their third-party strategic initiatives.
  • Liaise with cross-functional Subject Matter Experts, such as Information Security, Finance, and Sourcing, among others, to ensure vendor engagements are compliant with Bank policies and regulatory guidance.
  • Analyze vendor risk assessment questionnaires, support vendor onboarding, manage due diligence document collection, assist with contract negotiations, and manage all required ongoing monitoring efforts.
  • Gather Service Level Agreements reports for review with business owners and risk managers for oversight meetings.
  • Chair and manage vendor oversight meetings with business owners, other stakeholders, and vendors. Produce meeting minutes and track action items to closure.
  • Engage with business owners and other stakeholders to review vendor performance metrics and vendor scorecards.
  • Perform other duties and special projects as assigned.

 

What skills you will need:

  • Strong analytical mindset, able to manage risks both at the micro and macro levels.
  • Firm ability to problem solve, identify issues and work them to closure, including remediation and escalation where appropriate.
  • Strong data analytical skills and understanding of MS Excel, MS PowerPoint, and Governance Risk Compliance system (GRC).
  • Effective in response to shifting priorities and assignments and ability to meet deadlines and expectations timely.
  • 3 years functional/professional experience required; 5-7 years preferred.
  • Effective in delivering communications across a wide spectrum of individuals at Bank having varying degrees of technical understanding.
  • Strong interpersonal skills in ability to establish relationships with internal business partners to build consensus, with ability to deliver various types of communications to internal and external parties.

Own your work and your career — apply now

Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career?  If so, then come join us.

 

We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment, and stability — that’s the First Republic way.

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