Vendor Management Risk Analyst II

First Interstate Bank - Billings, MT

Full-time - Entry Level

Hybrid - Billings, MT

Credit Intermediation and Related Activities

About the position

The position involves direct engagement with the management of vendors associated with products and services of the Bank under the Enterprise Risk Management group. The role ensures vendor compliance with quality standards and regulatory requirements, requiring initiative, good judgment, and timely follow-up skills. It includes regular communication with internal and external contacts and operates under minimal supervision.

Responsibilities

• Work with all areas of the organization to select vendors and provide ongoing review of vendors.
• Facilitate the gathering of expired documentation and promote positive working relationships with vendors.
• Anticipate and identify problems related to third-party vendors.
• Actively participate on virtual teams as a technical resource for vendor-related tasks.
• Recommend enhancements to existing policies and procedures to meet changing business landscape and challenges.
• Obtain and review third-party documents (SOC2, security policies, financials, compliance, etc.).
• Perform contract reviews of proposed changes to security requirements in third-party contracts.
• Provide periodic training to various business, service, and technology teams regarding procedures, roles, and responsibilities.
• Serve as the subject matter expert for third-party and vendor risk management.

Requirements

• Bachelor's degree from a four-year college or university; or 2 to 4 years of vendor management or project management experience.
• Excellent interpersonal skills to interface in person and via telephone.
• Ability to work independently and prioritize projects/responsibilities.
• Strong organizational skills and attention-to-detail.

Nice-to-haves

• Experience in risk management or compliance roles.
• Familiarity with vendor management software or tools.

Benefits

• Generous Paid Time Off (PTO) in addition to paid federal holidays.
• Student debt employer repayment program.
• 401(k) retirement plan with a 6% match.