Vendor Risk Analyst

Company Name:
Regions Financial
At Regions, our Vendor Risk Analyst II performs comprehensive vendor risk and control assessments, ensuring there are effective contract provisions that align to the vendor engagement and safeguard Regions client and associate data, to protect Regions brand and reputation.
Primary Responsibilities
Manages internal and regulatory compliance having clear understanding of federal regulatory requirements and industry best practice associated with vendor risk management
Uses clear understanding of applicable legal and contractual provision with emphasis on security and data privacy and knowledge to assess critical operational risk and control functions across the enterprise
Manages and develops professional risk assessments against a contract driven vendor relationship and the creation of a comprehensive vendor risk and controls assessment that aligns with respective vendor engagement
Ensures effective contract provisions exist to safeguard key operational outsources functions
Manages regular engagement with enterprise vendor relationship owners and coordinates vendor ongoing monitoring and performance scorecards
Monitors program compliance and performs quality assurance to determine if vendor products or services have changed and to determine if scorecard values impact vendor tier risk rating
Manages and maintains all data attributes within the Vendor Risk Management Master Tier Segmentation database
Requirements
Bachelors degree in a related field
Seven years experience in one or combination of the following areas: Vendor Management, Legal, Audit, Risk and/or Compliance
Preferences
Highly organized and detail oriented, working multiple projects at once
Have the ability to think critically and analytically
The following skill set is desired: excellent relationship skills; problem solving skills in a risk management environment; skills in dealing with risk management, legal and contractual issues, data management skills, comfortable with operational and procedural environments; skilled in applicable computer software programs (i.e., Microsoft Excel, Word, PowerPoint, etc.)
Job Operations
Title: Vendor Risk Analyst
Location: Alabama-Hoover
Requisition ID: 47443

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