Vendor Risk Associate

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
Nov 25, 2024
Job Title: Vendor Risk Associate Location: CityScape What you'll do: As Vendor Risk Associate, you will work with WAB suppliers to govern and facilitate adherence to the Corporate Vendor Management Policy. The role will administer the full life cycle for third party management processes from onboarding new vendors, to managing existing third-party relationships. You will evaluate vendors and build rating-based risk profiles, prepare audit documentation, facilitate due diligence questionnaires, and obtain various access approvals. The Associate will assist with monitoring vendor compliance with federal regulations regarding technology, security, operations, and data protection. The Vendor Risk Associate will be responsible for performing and coordinating the initial approval and renewal processes for the Company's Vendors as well as their ongoing monitoring. What we are looking for: Assess Vendor Risk: Coordinate the review and approval process for new Vendors, initiated by the line of business (LOB). Perform the due diligence process for all new Vendors, including obtaining and reviewing references, background checks, financial statements, policies and other due diligence, as appropriate. Facilitate Due Diligence questionnaires (DDQ) and supplier checks (OFAC, D&B, etc.). Contribute to cross functional teams monitoring vendor performance, contract, or risk. Assist with vendor risk reviews, maintain current contracts, artifacts, and obtain applicable approval for any exceptions to the vendor management policy. Maintain Compliance & Contracts: Facilitate contract review between business partners, vendors and legal. Prepare documents, support internal\external discussions regarding vendor management issues, and maintain vendor compliance and approval of vendor access. Assess the Vendor for compliance with regulatory requirements and other risks and ensure the proper controls are in-place. Support Stakeholders and Suppliers: Serve as a single point of contact for Vendor Management related questions and issues and interact with multiple internal stakeholders and vendors throughout the vendor lifecycle. Partner with Key Stakeholders: Build close relationships with business owners to understand their strategy or direction and collect the due diligence review result. Influencing Change: Ability to be a change-agent, impact decisions within and outside one's own organization and remains comfortable challenging the status quo. Perform other duties as assigned, including assisting with regulatory compliance risk assessments and related infrastructure enhancements. What you need to have: Bachelor's degree in Business, Finance, Economics, or Statistics and 1+ years direct experience in Vendor Management; or High school diploma and 5+ years direct related experience in Vendor Management Effective oral and written communication skills, including ability to effectively communicate with internal staff and external customers. Experience with compliance and related mortgage lending controls is recommended. Effective interpersonal skills and technical report writing skills. Ability to work multiple, concurrent projects independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices. Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary internal and external customer service. Intermediate knowledge and skills of computer productivity suites to include Windows, Microsoft Word, Excel, Outlook. Comfortable using financial/quantitative data. Strong attention to detail, adaptable, flexible and fosters teamwork. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation