Vendor Management Analyst

Enterprise Bank & Trust - Saint Louis, MO

Full-time - Entry Level

Saint Louis, MO

Credit Intermediation and Related Activities

About the position

The Vendor Management Analyst position at Enterprise Bank & Trust involves assisting with the vendor management program, focusing on the entire life cycle of third-party vendor relationships. This includes vendor due diligence, risk assessment, contract management, and ensuring compliance with regulatory requirements. The role requires collaboration with various departments to support the bank's operational and business objectives.

Responsibilities

• Manage vendor relationships for all existing and new EB&T initiatives
• Assist with risk analysis, due diligence, contract review and oversight functions in accordance with EB&T's Vendor Management Policy
• Coordinate with business units to ensure that vendor relationships further EB&T's business objectives and satisfy operational, technology, legal, and compliance requirements
• Perform risk analysis and due diligence on prospective vendors, ensuring timeliness and accuracy of vendor responses, documenting findings, and maintaining supporting documentation
• Deliver EB&T contracts to vendors, review vendor responses and assist in contract negotiations in coordination with legal counsel, the Vendor Management lead and business units
• Schedule and perform audits of vendors and contract files
• Coordinate with vendor management, internal audit, information security, compliance, and finance to gather information and assess project and vendor risk
• Prepare regular vendor management reports as necessary
• Maintain EB&T contract management system including managing contract renewals, expirations and service level agreements
• Perform in-depth reviews of vendor SOC1 and SOC2 reports
• Monitor the vendor management mailbox, obtain responses to vendor questionnaires, file executed contracts and other documentation, and update vendor listings and KPIs
• Perform other duties and special projects as necessary

Requirements

• Bachelor's Degree in Business, IT or related field or equivalent work experience
• Minimum of one to three years in Vendor Management/Third Party Risk Management, Information Security or Internal Audit, preferably for a financial institution
• Strong verbal and written communication skills
• Ability to problem-solve, take initiative for projects and work independently with minimal supervisory oversight
• Strong record-keeping, time-management and general organizational skills
• Ability to identify strengths and weaknesses of alternative solutions, conclusions or approaches to problems
• Demonstrates professionalism and accountability

Nice-to-haves

• Advanced skills in MS Office, Google applications and vendor management systems

Benefits

• Annual paid volunteer time off
• Charitable-matching opportunities
• Professional growth opportunities