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Third Party Risk Management Risk Analyst


PayCompetitive
LocationRemote
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: R-00672
      As a leading regional bank, SouthState has been providing financial solutions to individuals, families, and businesses in the Southeast for more than 100 years. SouthState team members strive to create remarkable experiences while building meaningful and lasting relationships. We are proud to be a reflection of the communities we serve, and our team members share core values that make SouthState a great place to bank, and a great place to work.

      SUMMARY/OBJECTIVES

      It is the responsibility of the Third Party Risk Management Risk Analyst to take ownership of all tasks and challenges that they encounter in the operation of their assigned position. The Third Party Risk Management Risk Analyst will assist in effectively managing third party risk in accordance with the Third Party Risk Management Policy & Program, and regulatory guidance. The associate is responsible for identifying and assessing vendor risk, proposing new or evaluating existing controls, and partnering with lines of business and subject matter experts to ensure vendor due diligence and risk assessments are completed timely. The associate plays a key role in the due diligence workflow monitoring and reporting risks associated with third party relationships.

      ESSENTIAL FUNCTIONS
      • Provide a comprehensive assessment of the third party's risk through review of due diligence, SMEs evaluation of due diligence, risk assessment, and audited reports of controls.
      • Through third party risk assessment process during initial and ongoing evaluation of vendors, identify risks and inherent and residual risk levels.
      • Manage the distribution of and perform reviews of audited reports of controls such as the SSAE 18 and SOC reports and review and approve management responses to User Control Considerations.
      • Support the Third Party Risk Manager and auditors and regulators during audits and examinations of Third Party Risk or in Lines of Business when the audit or examination has a Third Party Risk component.
      • Liaise with Legal, Compliance, Credit Administration, Information Security, Business Continuity, Financial Intelligence, and Information Technology as needed on vendor risk assessments.
      • Support ad hoc projects on program enhancements, process improvements, and other projects as needed.
      • Communicate due diligence requirements and documentation requests to third parties.
      • Track and report on the status of all due diligence activities.
      • Maintain accurate and complete due diligence records in the system of record.
      • Prioritize and manage workload in order to deliver quality results and meet deadlines.
      • Support a positive work environment that promotes service to business partners, and quality, innovation, and teamwork to ensure timely communication of issues/ points of interest.
      • Identify and recommend opportunities to enhance productivity, effectiveness, and operational efficiency for continuous improvement for enterprise relationship management.
      • Establish effective relationships across business partners and program/project managers.

      Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

      COMPETENCIES
      • Possess and demonstrate effective communication skills/habits, both written and verbal.
      • Ability to take initiative and perform in a challenging and technical business environment.
      • Candidate must be a self-starter and possess strong analytical skills with high attention to detail and accuracy.
      • Ability to proactively communicate progress, status, and concerns to management.
      • The highest level of integrity and confidentiality is expected at all times.
      • Proven interpersonal and communication skills (verbal and written) needed to work cross-functionally.
      • Ability to be flexible and adjust plans quickly to meet changing business needs.

      Qualifications, Education, and Certification Requirements
      • Education: College Degree preferred
      • Experience: Prior experience in Third Party Risk Management, Audit, Compliance, Risk Management, Legal, or related field preferred, but not required
      • Certifications/Specific Knowledge: Nvendor experience a plus, not required.

      TRAINING REQUIREMENTS/CLASSES

      Required annual compliance training, New Employee Orientation

      PHYSICAL DEMANDS

      Must be able to effectively access and interpret information on computer screens, documents, reports, and cash denominations, and identify customers. This position requires a large amount of time in front of a computer. This can be done sitting or standing with use of the right desk. This position may require bending and reaching.

      WORK ENVIRONMENT

      For telecommuters or hybrid: Telecommuting roles no matter if hybrid or 100% full time telecommuting must have a secure home office environment that is free from background noise and distractions. They must also have a reliable private internet connection that is not supplied by use of cellular data (hot spot). Cable or fiber connections are preferred. Requirements are subject to change, as new systems and technology is delivered.

      TRAVEL

      Travel may be required to come to meetings as needed.
  • About the company

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