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Byline Bank · 3 weeks ago

Vendor Management Analyst (Hybrid, Chicago, IL)

Chicago, IL

Full-time

Hybrid

Mid Level

$61K/yr - $76K/yr

3+ years exp

Byline Bank is a full-service commercial bank headquartered in Chicago, serving small- and medium-sized businesses. The Vendor Management Analyst will support the administration of the Bank’s Third-Party Risk Program, ensuring due diligence and risk assessment of vendor management processes.

Asset ManagementBankingCommunitiesCredit CardsFinanceFinancial ServicesFinTechLendingWealth Management

No H1B

Responsibilities

Completes inherent risk assessment activities to properly rate vendors using a risk-based approach

Analyzes vendor relationships to assess suitability at the time of onboarding, ongoing monitoring, and offboarding

Assists with preparing management reporting of Vendor Management Key Risk Indicators (KRIs)

Completes annual vendor performance assessments of the Bank’s vendors

Responsible for updating and maintaining the integrity of the Bank’s Vendor Management databases and software application

Actively collaborates with Business Units including but not limited to Accounts Payable, Information Security, Business Continuity/Disaster Recovery, Legal, Credit, Compliance, BSA/AML, and Project Management teams

Proactively communicates Vendor Management issues to manager and recommends and assists with implementing solutions

Build, establish, and maintain vendor relationships, in conjunction with the Business Unit managers

Obtains required due diligence documents and ensures these are collected, reviewed, and approved when conducting necessary assessments for new and existing vendor relationships

Coordinates contract reviews with Legal, vendors, and business units

Assists in the administration of vendor contracts, specially related to contract term dates and other contract requirements as needed

Identifies added value and savings opportunities on third party spend

Raises, escalates, and remediates Vendor Management findings and operational events to manager

Manages and responds to Vendor Management Inbox inquiries

Performs administrative, performance, tracking and reporting tasks, identify process gaps, and support the implementation of appropriate mitigating actions to drive efficiencies

Provides support of vendor activities to achieve the goals and objects of the organization

Prepares dashboards, reports trends, and tracks progress as needed to monitor the execution of the risk assessment framework and assess the effectiveness of the control environment

Participates in audits to ensure vendor compliance with legal requirements, firm and industry standards, and contractual provisions

Conducts training of individuals completing risk assessments and leads Inherent Risk Meetings

Serves as a specialist on vendor management policies, processes, and systems

All other duties as assigned

Qualification

Vendor ManagementRisk ManagementComplianceInternal AuditMicrosoft Office SuiteProject ManagementContinuous Improvement MindsetContract Language KnowledgeInformation Security KnowledgeDisaster Recovery KnowledgeInsurance KnowledgeInterpersonal SkillsAttention to DetailCommunication Skills