Vendor Management Analyst

The Vendor Management Analyst will perform duties to support the effective administration of the Bank's Third-Party Risk (Vendor Management) Program and Policy. The Vendor Management Analyst is responsible for ensuring companywide due diligence, risk assessment, and continuous monitoring of the vendor management processes.

Duties and Responsibilities:

• Complete inherent risk assessment activities to properly rate vendors using a risk-based approach.

• Analyze vendor relationships to assess suitability at the time of onboarding, ongoing monitoring, and offboarding.

• Assist with preparing management reporting of Vendor Management Key Risk Indicators (KRIs).

• Complete annual vendor performance assessment of the Bank's vendors.

• Confirm operational effectiveness of key financial applications to comply with SOX requirements.

• Coordinate mapping of vendor's Complementary User Entity Controls (CUECs) to the Bank's Information Technology General Controls (ITGCs) and Internal Controls Over Financial Reporting (ICFRs).

• Responsible for updating and maintaining the integrity of the Bank's Vendor Management databases and software application.

• Actively collaborate with Business Units including but not limited to Accounts Payable, Information Security, Business Continuity, Disaster Recovery, Legal, Credit, Compliance, BSA/AML, and Project Management teams.

• Proactively communicate Vendor Management issues to VP and recommend and assist with implementing solutions.

• In conjunction with the Business Unit managers, build, establish, and maintain vendor relationships.

• Obtain required due diligence documents are collected, reviewed, and approved when conducting necessary assessments for new and existing vendor relationships.

• Coordinate contract reviews with Legal, vendors, and business unit owners.

• Assist in the administration of Vendor Contracts, specially related to contract term dates and other contract requirements as needed.

• Identifies added value and savings opportunities on third party spend.

• Raise, escalate, and remediate Vendor Management findings and operational events to VP.

• Manage and respond to Vendor Management Inbox.

• Performs administrative, performance, tracking and reporting tasks, identify process gaps, and support the implementation of appropriate mitigating actions to drive efficiencies.

• Provides support of vendor activities to achieve the goals and objects of the organization.

• Prepare dashboards, report trends, track progress as needed to monitor the execution of the risk assessment framework and assess the effectiveness of the control environment.

• Participate in audits to ensure vendor compliance with legal requirements, firm and industry standards, and contractual provisions.

• Serves as a specialist on vendor management policies, processes, and systems.

• All other duties as assigned.

Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

• Bachelor's degree preferred.

• 3+ years of experience in Vendor Management and Managing Suppliers preferred.

• 3+ years of Third-party risk management experience.

• Knowledge of regulatory third-party/vendor management requirements (FFIEC, OCC, and FDIC).

• Effective interpersonal skills in working with vendors, business units, team members

• Experience in areas of Internal Audit, Compliance, or Risk Management preferred

• Ability to work collaboratively with a variety of stakeholders at all levels.

• Be self-motivated with a strong attention to detail.

• Have strong change management, organizational and planning capabilities.

• Ability to identify, understand and define problems, evaluate alternatives, set priorities, manage projects and implement high quality solutions.

• Demonstrate strong organizational skills with the ability to communicate multiple projects and priorities depending on organizational needs and strategies.

• Possess strong communication skills both verbally and in writing.

• Proficient in MS Officer Suite.

PHYSICAL DEMANDS/WORK ENVIRONMENT:

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is $58,900 to $88,500. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you'll find a far-reaching choice of benefits and incentives.

Byline Bank is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.