Sr. Business Vendor Management Analyst

Employer
M&T Bank
Location
Baltimore, MD
Posted
Sep 11, 2017
Closes
Sep 19, 2017
Function
Analyst, Business
Hours
Full Time
Sr. Business Vendor Management Analyst - Technology Buffalo, NY THE OPPORTUNITY: This position is responsible for ensuring vendor service risk assessments are completed, and due diligence and ongoing monitoring requirements are fulfilled. This position works closely with vendors, and conducts onsite reviews to ensure physical security complies with bank standards. POSITION RESPONSIBILITIES: Onboard, monitor and potentially terminate vendor relationships. Conduct onsite reviews of vendors to review physical security of higher risk vendor relationships and mitigate any risk associated with the product or service being offered. Perform third-party call monitoring to ensure adherence to rules and regulations that govern vendor categories and communicate results to business partners and vendors. Identify, monitor, escalate, and remediate areas of vendor non-compliance or inaccuracy, ensuring that proper documentation and communication of these findings occur with the business lines, senior management and impacted vendors. Advise business unit partners on vendor management requirements and communicate potential risks identified while managing vendors. Stay current with vendor management regulatory requirements and changes as well as industry best practices that would potentially influence Customer Asset Management's (CAM) vendor management program. Recommend modifications to the Vendor Management Program based on industry and regulatory expectations. Liaison with business units, Legal Department and Vendors to conduct reviews of contracts and create expectation guides. Develop and maintain procedures and supporting documentation to provide a reference source for ensuring consistency of departmental activities. Promote an environment that supports diversity and reflects the M&T Bank brand. Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned. NATURE AND SCOPE: Vendor management is rapidly growing in importance as the Bank continues to outsource products and services. This position in the division of Technology, partners with business line management to ensure vendor service risk assessments are completed, and that due diligence and ongoing monitoring requirements are fulfilled. In addition, this position is responsible for on-site audits to ensure the Company's standards are being upheld. The position works independently under limited supervision. MANAGERIAL/SUPERVISORY RESPONSIBILITY: Not Applicable. MINIMUM QUALIFICATIONS REQUIRED: Bachelor's degree and a minimum of 3 year experience in vendor management, banking, risk management or related field, or in lieu of a degree, a combined minimum of 7 years' higher education and/or work experience, including one year experience in vendor management, banking, risk management or related field. Full understanding of legal terminology as it pertains to contracts. Experience in technical procurement and reviewing vendor contracts. Excellent written and verbal communication skills with the ability to interact with all levels of management. Proficiency with personal computers as well as pertinent spreadsheet and word processing software. Attention to Detail. Ability to work independently and function as a member of a team. Ability to travel to different Vendor locations to perform onsite reviews up to 50% of the time. IDEAL QUALIFICATIONS PREFERRED: Familiarity with Risk Management Ability to maintain solid working relationships with internal and external business partners. Proven problem solving skills. Strong understanding of policies and procedures. ABOUT M&T At M&T, we understand what's important when you're considering a career change: a company with a solid history of responsible growth and positive earnings. A company committed to the communities it serves, one that rewards performance and provides employees with opportunities to direct their own career paths. M&T is a company with a focus on the future. #LI-LP1 Job Posting: Jun 23, 2017, 1:14:18 PM Unposting Date: Ongoing