Job Description and RequirementsThe
Third-Party Risk Management (TPRM) Senior Risk Analyst will assist in the execution of the vendor contract management process at RBFCU. The
TPRM Senior Risk Analyst will be responsible for monitoring workflows and managing assignments within the Governance, Risk & Compliance (GRC) tool, communicating with other business units regarding contracts, completing contract review checklists & reviews, coordinating with the Legal Department as needed, ensuring proper contractual signatures are obtained & retained, and processing contract terminations.
Essential Functions and Responsibilities:- Manages contract analyst workflow queue within Governance, Risk and Compliance (GRC) software.
- Prioritizes contract workflow depending on urgency of contract request.
- Reviews contracts and completes contract checklist to prevent potential disputes, financial risk, and Information Security Risk.
- Ensures appropriate New Vendor Analysis and or vendor Due Diligence is linked to contract review.
- Identifies key risks associated with vendor service/product to ensure appropriate contractual protections are in place.
- Performs contract review by comparing Renewal/Statement of Work (SOW) contracts against master contract terms and conditions for any possible changes or new risks.
- Manages Pending Fully Executed Contract workflow queue by obtaining countersigned contract and upload to the contract record within the GRC software.
- Manages termination requests by preparing termination letters to terminate vendor/service & collaborating with vendor relationship owners.
- Manages multiple tasks simultaneously, uses critical thinking, analytical, and problem-solving skills to perform daily tasks.
- Collaborates and trains business units / relationship owners using strong communication and interpersonal skills.
- Protects the credit union from vendor risks using strong attention to detail when reviewing contracts.
- Cross trains and learns other areas of TPRM to serve as backup, if needed.
- All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).
Requirements:- High School Diploma or G.E.D.
- Minimum of five years of Third-Party Risk Management, contract or vendor process experience
- Experience reviewing contracts and understand contract laws and terms
- Must be able to work independently
- Open to obtaining certifications
- Able to work in fast-paced environment with heavy contract volume
- Possess strong analytical skills and develop creative solutions to support business needs
- Excellent organizational, communication and interpersonal skills
- Meticulous attention to detail
- Proficient knowledge of Microsoft Excel, Outlook, and Teams
Preferred:- Degree
- Knowledge/experience with GRC Software: Quantivate
