Vendor Risk Specialist III Job Listing at City National Bank in Los Angeles, CA (Job ID 10456)

Description

VENDOR RISK SPECIALIST III 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 be a lead role to ensure third party risk assessments are properly organized, conducted, reviewed, and documented. The role will also focus on risk remediation plans and completion. CNB established the Vendor Management Office to support the third party risk management framework. What you will 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.
• Identify, assess and champion remediation efforts/projects for material supplier risks
• 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 updates to senior business leadership on supplier risks
• Effectively communicate and partner with senior management in support of their third party strategic initiatives
• Oversee third party vendors across multiple business portfolios interfacing with several key stakeholders
• 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
• Lead various ad hoc projects supporting program enhancements, process improvements, and other functions
• Responsible for operational reporting, KRI reporting, regulatory reporting, progress tracking, and other reporting, as needed
• Assist team with prioritization of workload

Must-Have*

• Minimum of 6 years of third party risk management experience in the financial services industry, conducting risk assessments, and reporting on KRIs
• Minimum of 4 years of experience in risk and controls identification, appropriately scoping assessments, providing credible challenges, and performing assurance testing.
• Minimum of 4 years working with a GRC system, incorporating continuous improvement for the system and process.

Skills and Knowledge

• Comprehensive knowledge of third party and information technology risk management processes and methodologies
• Experience assessing cloud servicing arrangements
• Six Sigma certification
• Industry recognized third party risk management or vendor management certification
• Experience using third party risk management /Governance, Risk and Compliance (GRC) systems
• Experience assessing contracts, including master service agreements, statements of work, and license agreements.
• Experience assessing cloud servicing arrangements
• Knowledge of and experience in designing and operating governance, frameworks and processes to comply with vendor management / third party risk management related regulatory requirements, guidance and oversight (OCC 2013-29, Fed SR 13-19 or other relevant third party risk management / vendor management regulation applicable to the financial services industry)
• Currently hold or quickly obtain industry recognized third party risk management or vendor management certification
• Excellent oral and written communication skills; experience performing both detailed and executive-level documentation
• Advanced knowledge of Microsoft Office tools; specifically, Excel, PowerPoint and SharePoint
• Experience with reporting platforms such as Tableau, SQL scripts, and Microsoft SSRS desirable
• Strong project management skills (organizing, planning, reporting, documenting, driving tasks to closure, etc.)
• 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

Compensation Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. 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. Get an inside look at our Benefits and Perks. ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com. EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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