Third Party Risk & Compliance Analyst

About This Role

This role involves owning the end-to-end management of vendor risk within a financial services organization, emphasizing compliance and audit of third-party risks to the company and its consumers. The position requires strong analytical skills in third-party risk and compliance within banking or finance.

Responsibilities

• Conduct internal risk assessments on processes, systems, and documentation to ensure compliance with federal and state regulations
• Conduct external third-party risk assessments
• Prepare detailed documentation and present findings
• Monitor and ensure timely remediation of ineffective controls across the corporation
• Test changes and new implementations within the company's change management process in its Compliance Management System (CMS)

Requirements

• 4+ years of experience in Enterprise Third-Party Risk analysis, testing, or auditing
• Ability to manage vendor lifecycle, identifying critical vendors, scoring inherent/residual risk, continuous monitoring, and internal communication
• Strong knowledge of federal and state consumer financial laws (UDAAP, ECOA, Truth in Lending - TILA, Truth in Advertising, Consumer Harm, Fair Credit Reporting Act, Fair Lending Act, Regulation E, Regulation Z)
• Strong background in 3rd Party Risk analysis and compliance within a financial or banking industry

Qualifications

• 4+ years of experience in Enterprise Third-Party Risk analysis, testing, or auditing leading end to end vendor risk assessment, ensuring regulatory compliance.

Certifications