At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. Incredible teams doing exceptional work, every day Vendor Management is responsible for managing the risks associated with conducting business with third-party vendors and defining a consistent program for First Republic’s vendor relationships. In the process, we fulfill the applicable legal, information security and regulatory requirements on behalf of the organization. We also work with business units to secure, risk assess and oversee all vendor services.
Duties and Responsibilities
Balancing Organizational Agility and Effective Risk Management The Vendor Management Risk Associate is responsible for ensuring the compliance of the Bank’s Vendor Management program by overseeing and managing the Bank’s vendor relationships, facilitating the third party vendor risk identification process, and completing other third party vendor risk management duties as assigned. What you’ll do as a Vendor Management Risk Associate:
- Manage the Bank’s vendor lifecycle phases from on-boarding, periodic monitoring, risk assessments, and termination - Collaborate with business owners and other internal stakeholders to ensure vendor risks are properly identified and controls are in place to mitigate risk and minimize financial, regulatory, and reputational exposure. - Effectively communicate and collaborate with business owners and support their third party strategic initiatives. - Liaise with cross-functional Subject Matter Experts, such as Legal and Compliance, Information Security, Finance, and Sourcing, among others, to ensure vendor engagements are compliant with Bank policies and regulatory guidance. - Analyze vendor risk assessment questionnaires, support vendor on-boarding, manage due diligence document collection, assist with contract negotiations, and manage all required ongoing monitoring efforts. - Host numerous vendor related meetings with business owners, stakeholders and vendors. - Engage with business owners and other stakeholders to review vendor performance metrics and vendor scorecards. - Prepare presentation and reports for executive level review. - Perform other duties and special projects as assigned.
What skills you will need:
- Strong analytical mindset, able to manage risks both at the micro and macro levels. - An innate ability to identify issues and work them to closure, including remediation and escalation where appropriate. - Strong data analytical skills and understanding of MS Excel formulas, MS Powerpoint, and MS Access. - Effectively respond to shifting priorities and assignments. - Able to meet deadlines and expectations. - 3 years functional/professional experience required, 5-7 years preferred. - Must be comfortable in delivering messages across a wide spectrum of individuals having varying degrees of technical understanding. - Strong interpersonal skills - ability to establish relationships with internal partners, build consensus, and able to deliver various types of messages to internal and external parties.
Own your work and your career — apply now Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us. We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us! This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship. First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.