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Sr. Relationship Analyst - Third Party Risk Print
Employer: The Bancorp Bank
Location: Sioux Falls, SD 57108
Employment Type: Full Time

  1. Assist with the risk assessment/due diligence of all business relationships, including partners, program managers, service providers and all other defined third party relationships. Analyze new relationships as well as the impact of enhancements to the risk profile of existing relationships.

  2. Complete risk assessment forms and scorecards for new and existing third party relationships in accordance with departmental guidelines regarding assessments and levels of risk.

  3. Develop and maintain a working knowledge of enterprise risk management, FDIC Financial Institution Letter 44-2008: Third Party Risk Guidance for Managing Third Party Risk and FDIC Financial Institution Letter 3-2012: Payment Processor Relationships Revised Guidance, as well as all applicable regulations governing third party relationships.

  4. Identify, communicate and monitor third party risks inherent in each line of business. Be an advocate for the company’s Third Party Risk Management program.

  5. Work closely with internal and external partners to build knowledge and understanding of the various unique lines of business to properly assess, discuss and communicate risks.

  6. Update vendor tracking software and databases with risk assessments, scorecards, and related information to maintain a current record of activities and issues.

  7. Update and maintain departmental procedures to ensure an accurate record of processes and procedures exists to support audits. Discuss changes as needed with management to ensure the quality and consistency of third party risk activities.

  8. Create and present reporting to various levels of management on third parties and the risks associated through the bank’s relationship with third parties.

  9. Maintain and train upon the Third Party Risk Management policies and procedures.

•An undergraduate degree in a related field or an equivalent combination of training and experience.
•A minimum of 4-6 years related bank compliance or third party risk management experience.
•Experience should cover reviewing due diligence documentation, contracts and general business communications for accuracy and clarity.

Other Qualifications:
•A basic knowledge of consumer banking laws and regulations (i.e. FDIC, OCC, CFPB, UDAAP, AML)
•Excellent verbal, written, and interpersonal communication skills
•Strong analytical, organization, problem-solving and decision-making skills
•Ability to work independently in a highly visible position

Contact Information

The Bancorp Bank
6100 S. Old Village Place

Sioux Falls, SD 57108

Other Information

Category(s): Banking, Finance, Accounting
Industry: Banking / Financial Services
Experience Req.: Yes
Degree Req.: No
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