Third Party Risk Analyst (Located In The Birmingham Office)

At ServisFirst, Our Name is Our Mission.

DUTIES AND RESPONSIBILITIES

The Third Party Risk Analyst position is responsible for performing activities necessary to identify, assess, mitigate, and monitor the risks relating to the third-party organizations with whom the Bank partners.

The incumbent will:

• Work closely with Bank Management and lines of business to ensure vendor contracts are in place and structured with the appropriate risk provisions and mechanisms to ensure supplier cost and performance is meeting the Bank's business objectives, standards, and regulatory requirements as well as ensuring contracts are within the agreed costs and schedules

• Be responsible for incorporating improved vendor / supplier services, savings, and to minimize contractual risks associated with the Bank's third-party vendor relationships

• Maintain and continue to develop the Bank's Third Party Risk Management Policy, Procedures, and processes

• Maintain a strong working knowledge of regulatory guidelines related to third-party risk, specifically the new Interagency Guidance on Third-Party Relationships

• Ensure contract management guidelines, while customizing legal contract language within those guidelines to address specific business issues and working alongside Legal counsel as part of the Legal contract review and negation process

• Provide authoritative guidance to internal lines of business and vendor owners on Bank goals and objectives relating to vendor reviews and contract activities

• Serve as a liaison/coordination role between suppliers, Legal counsel, and lines of business as needed, in the areas of contract negotiation, vendor due diligence documentation, ongoing reviews, vendor risk assessments, and other administrative support

• Continually analyze and evaluate internal processes, procedures and programs to find areas for improvement and leverage best practices within industry to effect positive change

• Assist in identifying, assessing, and tracking risk issues throughout the organization

• Work with managers to conduct root cause analyses and mitigate or reduce risks

• Track project implementation for Third Party Risk Management, Enterprise Risk Management and Model Risk Management programs

• Assist the Risk Management Department in enhancing the Third Party Risk Management, Enterprise Risk Management and Model Risk Management Frameworks, including obtaining and reviewing documentation and data for analysis, ongoing monitoring, and issue tracking and validation

• Track and provide progress updates on Risk Management regulatory and audit findings, recommendations, and remediation activities

• Assist in the development, implementation, and maintenance of the Enterprise Risk Management and Model Risk Management programs to include development, implementation and maintenance of KRIs, KPIs, other risk metrics, ERM reporting, Risk Assessments, and Model Risk activities as needed for ongoing monitoring

• Assist in documenting and updating various Risk Assessments, and working with Bank Management and lines of business to ensure timely remediation, risk mitigation, and/or risk reduction

• Assist in tracking Policy changes, Board approvals, and communication of changes

• In coordination with Internal Audit and others, track Audit, Compliance, SOX, and Regulatory Findings along with Management Responses through to final remediation

• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control

• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Note: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.

Note: Additional duties and responsibilities may be assigned.

MINIMUM QUALIFICATIONS

• Bachelor's degree in business or related field or equivalent education and related training and work experience preferred

• Minimum five (5) years' experience in risk management, contract management, procurement or closely related field

• Strong communication, negotiation, interpersonal and analytical skills, professional attitude, and ability to interact with senior management and other bank personnel

• Excellent organizational and time management skills, as demonstrated in experience handling multiple tasks and requests within deadline

• Expertise in conflict resolution, with excellent verbal and written ability

• Aptitude for reviewing and understanding legal documents and complex regulatory expectations or requirements

• Strong leadership skills with the ability to create fact-based recommendations to positively influence teams to achieve desired results

• Use of independent judgment and creativity to resolve complex issues

• Proficient with Microsoft Outlook, Word, Excel and PowerPoint

• Ability to work independently with little supervision

• Ability to travel occasionally as needed.

PHYSICAL REQUIREMENTS AND ENVIRONMENTAL CONDITIONS

The physical requirements and environmental conditions of this position consist primarily of:

• Sustained standing and sitting

• Frequent use of PC, including typing or sustained attention to monitor

• Occasional lifting and/or moving equipment weighing up to 20 lbs

• Normal office environment with comfortable internal temperatures and low level noise

EOE/AA