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Vendor Risk Analyst II - 3DI8I in Buffalo, NY at M&T Bank

Date Posted: 5/11/2018

Job Snapshot

Job Description

FUNCTION:
Partners with business line management to ensure vendor service risk assessments are completed, and due diligence and ongoing monitoring requirements are fulfilled.


POSITION RESPONSIBILITIES:
Complete activities that further develop the Vendor Management Program based on industry and regulatory expectations.   Create methodology for straightforward enhancements to policy, process, workflows and procedures as necessary.
Stay current with all vendor management regulatory requirements and changes as well as industry best practices which would influence the M&T Bank Vendor Risk Management Program, including its functions, processes and operations. 
Meet with management to discuss and advise on vendor management requirements, process flow and concerns to ensure their awareness of pertinent issues. 
Create, produce, and analyze routine and ad-hoc department-level vendor risk reporting, including work flow and vendor spend analyses.  Reporting is used to monitor business unit activities, as required by Policy.
Interact with business line personnel to assign, monitor and advise on completion of vendor risk assessments, due diligence and ongoing monitoring to support their compliance with vendor risk policies.  Provide assistance and troubleshooting in use of vendor management system of record to support accuracy and completeness in the documentation.
Validate and monitor gaps identified during the vendor risk assessments, due diligence and ongoing monitoring to support adherence to vendor risk management policies.
Develop and maintain currency of supporting procedures and documentation to provide a reference source for ensuring consistency of future activities.
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite.  Identify risk-related issues needing escalation to management.
Promote an environment that supports diversity and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
Complete other related duties as assigned.


NATURE AND SCOPE:
Vendor management is rapidly growing in importance as the Bank continues to outsource products and services.  This position partners with business line management to ensure vendor service risk assessments are completed, and that due diligence and ongoing monitoring requirements are fulfilled.  The position works independently under limited supervision, seeking management’s support for most complex situations.




MINIMUM QUALIFICATIONS REQUIRED:
Bachelor's degree and a minimum of 1 years’ experience in banking, risk management, project management or  vendor management, OR in lieu of a degree, a combined minimum of 5 years' of higher education and/or work experience, including a minimum of 1 years’ experience banking, risk management, project management or vendor management.
Proven verbal and written communication skills.
Proven problem-solving skills.
Proficiency with personal computers as well as pertinent spreadsheet and word processing software.


IDEAL QUALIFICATIONS PREFERRED:
Bachelor's Degree in Business Administration, Economics, Finance or related discipline.


ABOUT M&T
At M&T, we strive to be the best place our employees ever work, the best bank our customers ever do business with and the best investment our shareholders ever make. So when looking to advance your career, look to M&T. As a top 20 US bank holding company and one of the best performing regional banks in the country, we offer a wide range of performance based career development opportunities for talented professionals. And through our longstanding tradition of careful, conservative and consistent management and a strong commitment to the communities we serve, we continue to grow with a focus on the future.
M&T Bank Corporation is an Equal Opportunity/Affirmative Action Employer.
M&T Bank Corporation does not sponsor individuals for the purpose of obtaining H-1 Visas.
M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.