Vendor Management Analyst jobs in Lowell, MA

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Risk Management Analyst - Lowell, MA

Enterprise Bank, is a growing and successful commercial bank where your talents will be recognized. Consistently being recognized both nationally and locally as a "Top Place to Work", Enterprise Bank team members are as important to us as our core values. Join our dynamic team and experience a unique workplace culture where success is shared, and diversity is celebrated.

What You'll Do: The Risk Management Analyst supports the Banks' Risk Management risk monitoring and mitigation procedures with a focus on the Bank's Enterprise Risk Management, Business Continuity, Internal Control, and Third-Party Risk Management policies, procedures, and related programs. The Risk Management Analyst will collaborate with members of Risk Management, Bank Management, and the Bank's third-party vendors to gather and analyze information pertaining to the Bank's management of risk.

ESSENTIAL FUNCTIONS & RESPONSIBILITIES:

• Coordinates the quarterly completion of management's internal control matrices. Reviews, analyzes, and reports the changes to the quarterly internal control matrices to the Risk Management Director, CRO, CFO and CEO. Completes, or assists other departments with the completion of, risk assessments relating to products, projects, applications, processes, or initiatives, including the development of appropriate key risk indicators and performance metrics by working with the Risk Management Director, the Chief Risk Officer, and the business units.
• Aids in the development of policies, procedures, and standards to consistently apply risk management practices within each business unit. Determines the root cause of risk events stemming from process and control breakdowns, disaster situations, and policy exceptions and documents this information. Follows up on any applicable remediation efforts.
• Coordinates the annual review of the Bank's Management approved policies, distributing the policies for review and approval.
• Assists with the Bank's authority limits process by updating limits and tracking certifications.
• Assists with the administration of the Bank's Code of Business Conduct and Ethics, including tracking gifts received, annual training and providing guidance to the Bank's team members.
• Performs analyses on various new and existing third-party relationships to determine the degree of risk in partnering with the third parties and assigns risk ratings and gathers necessary information/documentation.
• With limited or no supervision, prepares thorough written vendor analysis that includes the analysis of audit reports, financial statements, information security reviews, and suggested risk mitigation controls.
• With limited or no supervision, reviews the provisions of third-party contracts and their impact on the bank and recommends changes to the Risk Management Director or the vendor owner during the contract negotiation process.
• Trains vendor owners on the use of the Bank's third-party risk management software and maintains related training materials.
• Works with vendor owners to obtain up to date vendor due diligence information.
• Utilizes management reporting capabilities of the Bank's risk management software to monitor and report on the Bank's third-party risk management efforts.
• Assists with the Bank's response to weather emergencies and other incidents.
• Facilitates and documents business continuity tests and live events.
• Coordinates the Bank's Business Impact Assessment and individual department disaster recovery plans, including the recovery time objectives and the recovery point objectives for each process as well as related internal controls and third parties necessary to complete the process.
• Develops, maintains, and tests Bankwide responses to operational risk events.
• Assists with the creation of business continuity strategies covering a variety of contingencies including the unscheduled loss of services provided by key vendors.
• Trains team members on policies, procedures, and plans designed to mitigate the Bank's operational risks.
• Prepares written analyses and detailed summaries of operational risk related programs and statistics to be presented and reviewed by senior management and board committees.
• Leverages the risk management software to analyze new products, services, and processes for their impact on the Bank's third-party risk management, business continuity, information security, and enterprise risk management programs.
• Supports technology updates to the Bank's risk management software.
• Assists with the coordination of examinations by State and Federal regulators.
• Assists with the gathering of information requested by the Bank's independent external auditors.
• Maintains the Related Party List, updates and distributes the list on a quarterly basis, and assists in identifying related party transactions each quarter.
• Supports the Risk Management Department's management of the Bank's insurance program.
• Supports the Risk Management Department's subpoena processing responsibilities.

This position is Hybrid, Remote, or Onsite. Candidates from MA, NH, and ME only.

Requirements:

• Bachelor's degree in a business discipline (Accounting or Finance preferred); and
• Three to five years of related bank and operational risk analysis or related experience and/or training; or
• Equivalent combination of education and experience.

If you don't meet all the requirements, apply anyway! Our recruiting team considers your entire professional journey. Enterprise team members are made up of more than just their previous titles.

Our DEIB Value Statement: At Enterprise Bank, people and relationships come first. We encourage and foster a culture of diversity, equity, inclusion, and belonging where everyone feels valued and respected. We are committed to a caring workplace that recognizes the importance of making a meaningful, positive difference in the lives of our team members, customers, and communities. Please to view our Inclusion website for more information and to learn more of our story and Core Values.

Benefits: We encourage every team member at Enterprise to lead a healthy and balanced life. We offer generous paid time-off programs, exceptional Tuition Assistance, College Loan Repayment, Wellness programs, Employee Resource Groups, opportunities to assist in your community as well as health, dental and life insurance coverage and a generous 401(k) match.

Enterprise Bank is an equal opportunity employer and makes employment without regard to race, color, religion, gender, sexual orientation, age, national origin, ancestry, genetic information, gender identity, disability, marital status, active or veteran military status, retaliation or any other protected status. EOE M/F/Disabled/Vet.