The Vendor Management department is responsible for centrally supporting vendor selection, due diligence, contract negotiation, and vendor relationship management for the Bank. The Analyst plays an important role in managing the Bank’s risk vis-à-vis these vendors. Some key activities will include negotiating contracts for both new vendors and existing vendors. Managing relationships of mission critical vendors in partnership with business units, vendors, and subject matter experts to insure the vendor is operating efficiently and effectively. These activities will involve coordination across multiple internal stakeholder groups (Legal, Information Security, Compliance, BSA/AML, HR and the sponsoring business unit), reviewing vendor financial information, negotiating Non-Disclosure Agreements, preparing and validating internal and regulatory reports, and assisting with a variety of departmental projects and presentations. The position is also responsible for the consolidation and management of contract and vendor data in our vendor management system (RSA Arche)r.
As a member of our Vendor Management team, you will be broadly responsible for contributing to the Bank’s success engaging qualified partners under beneficial business terms and effectively managing the risks incumbent in relying upon independent third-party service providers. First Republic regularly depends upon third parties for critical systems and services, and we support our internal business clients with important resources, expertise, and a dedicated focus.
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