Vendor Risk Specialist I Job Listing at City National Bank in Los Angeles, CA (Job ID 11113)

Description

VENDOR RISK SPECIALIST I
WHAT IS THE OPPORTUNITY? This position is part of CNB's Vendor Management Office and is responsible for enterprise wide third party risk evaluations and management services. This role will support third party risk assessments to ensure they are properly organized, conducted, reviewed, and documented. The role will also focus on tracking risk remediation plans to completion. CNB established the Vendor Management Office to support the third party risk management framework.
WHAT WILL YOU DO?

• Facilitate third party risk assessments for initial due diligence and ongoing oversight of third party vendor services. This includes collection of documents and analysis, third party risk assessment questionnaire requirements, reviewing audited reports of controls (i.e. SSAE18, SOC Type II, PCI AoC/RoC) and other information to support full evaluation of any potential outsourcing risks.
• Partner and coordinate closely with internal stakeholder areas (i.e. Information Security, Enterprise Risk Management, Business Continuity Program Office, Credit Administration, and Compliance) to facilitate and evaluate 3rd party service providers.
• Document remediation efforts/projects for material supplier risks and track to completion
• Measure and monitor progress of supplier risk management activities, including issues tracking and risk remediation efforts, monthly and quarterly status reporting, key supplier metrics and periodic publishing of reports and metrics
• Support facilitation and documentation of various reports, such as vendor scorecards and ongoing monitoring artifacts
• Perform data analysis and draw conclusions as it related to vendor and contract data
• Maintain vendor and contract data in systems
• Champion the enterprise Vendor Management purpose throughout the organization; train and advise internal CNB staff on the vendor management processes
• Provide risk awareness and training to colleagues in support of CNB's Third Party Risk Management Policies and Procedures
• Escalate issues (delays; significant gaps; uncooperative parties; etc.) to management as required; work to resolve issues as needed
• Support various ad hoc projects supporting program enhancements, process improvements, and other functions
• Ad hoc duties, as assigned

WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*

• Minimum of 4 years of third party risk management experience in the financial services industry, conducting risk assessments, and reporting on KRIs
• Minimum of 3 years of experience in risk and controls identification, appropriately scoping assessments, and performing assurance testing.
• Minimum of 2 years working with a GRC system, incorporating continuous improvement for the system and process.

Additional Qualifications

• Comprehensive knowledge of third party risk management processes and methodologies
• Comprehensive knowledge of the third-party risk management lifecycle: planning, due diligence, contracts, ongoing monitoring and termination
• Experience using third party risk management /Governance, Risk and Compliance (GRC) systems
• Experience with contracts, including master service agreements, statements of work, and license agreements.
• Industry recognized third party risk management or vendor management certification
• Six Sigma certification
• Experience assessing cloud servicing arrangements
• Strong project management skills (organizing, planning, reporting, documenting, driving tasks to closure, etc.)
• Strong analytical skills, working with data and drawing conclusions
• Excellent oral and written communication skills; ability to communicate with all levels of management; experience performing both detailed and executive-level documentation
• Advanced knowledge of Microsoft Office tools; specifically, Excel and PowerPoint

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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