Vendor Risk Specialist I

VENDOR RISK SPECIALIST I

WHAT IS THE OPPORTUNITY?

This position is part of CNBs Vendor Management Office and is responsible for enterprise wide third party risk evaluations and management services. This role will support third party risk assessments to ensure they are properly organized, conducted, reviewed, and documented. The role will also focus on tracking risk remediation plans to completion. CNB established the Vendor Management Office to support the third party risk management framework.

What you will do

Facilitate third party risk assessments for initial due diligence and ongoing oversight of third party vendor services. This includes collection of documents and analysis, third party risk assessment questionnaire requirements, reviewing audited reports of controls (i.e. SSAE18, SOC Type II, PCI AoC/RoC) and other information to support full evaluation of any potential outsourcing risks.

Partner and coordinate closely with internal stakeholder areas (i.e. Information Security, Enterprise Risk Management, Business Continuity Program Office, Credit Administration, and Compliance) to facilitate and evaluate 3rd party service providers.

Document remediation efforts/projects for material supplier risks and track to completion

Measure and monitor progress of supplier risk management activities, including issues tracking and risk remediation efforts, monthly and quarterly status reporting, key supplier metrics and periodic publishing of reports and metrics

Support facilitation and documentation of various reports, such as vendor scorecards and ongoing monitoring artifacts

Perform data analysis and draw conclusions as it related to vendor and contract data

Maintain vendor and contract data in systems

Champion the enterprise Vendor Management purpose throughout the organization; train and advise internal CNB staff on the vendor management processes

Provide risk awareness and training to colleagues in support of CNB’s Third Party Risk Management Policies and Procedures

Escalate issues (delays; significant gaps; uncooperative parties; etc.) to management as required; work to resolve issues as needed

Support various ad hoc projects supporting program enhancements, process improvements, and other functions

Ad hoc duties, as assigned

Must-Have

Minimum of 4 years of third party risk management experience in the financial services industry, conducting risk assessments, and reporting on KRIs

Minimum of 3 years of experience in risk and controls identification, appropriately scoping assessments, and performing assurance testing.

Minimum of 2 years working with a GRC system, incorporating continuous improvement for the system and process.

Skills and Knowledge

Comprehensive knowledge of third party risk management processes and methodologies

Comprehensive knowledge of the third-party risk management lifecycle: planning, due diligence, contracts, ongoing monitoring and termination

Experience using third party risk management /Governance, Risk and Compliance (GRC) systems

Experience with contracts, including master service agreements, statements of work, and license agreements.

Industry recognized third party risk management or vendor management certification

Six Sigma certification

Experience assessing cloud servicing arrangements

Strong project management skills (organizing, planning, reporting, documenting, driving tasks to closure, etc.)

Strong analytical skills, working with data and drawing conclusions

Excellent oral and written communication skills; ability to communicate with all levels of management; experience performing both detailed and executive-level documentation

Advanced knowledge of Microsoft Office tools; specifically, Excel and PowerPoint

Compensation

Starting base salary: $87,027 – $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

To be considered for this position you must meet at least these basic qualifications

The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami. In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION

City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.