Summary
The Senior Third-Party Risk Analyst will report to the Corporate Third-Party Risk Manager, who is responsible for the Third-Party Risk Management (TPRM) program. This position serves in a lead capacity and leverages critical thinking, problem-solving, analytical, and organizational skills to manage, mature and enhance the TPRM program. The role requires demonstrated experience evolving risk management programs, including assessing current state processes, defining future state requirements, and executing strategic enhancements that drive efficiency, scalability, and enterprise value.
The Senior Third-Party Risk Analyst collaborates with other Third-Party Risk Analysts and provides thought leadership across all aspects of the TPRM program, including program governance, regulatory compliance, and the design and implementation of program enhancements. The role plays a key part in the implementation and optimization of third‑party risk management technology, including configuring a new TPRM tool to align with regulatory, operational, and business needs while introducing enhanced features, streamlining workflows, and reducing internal and external stakeholder friction. This position also manages and coordinates activities across the full third-party life cycle, including planning, ongoing monitoring, due diligence, and off-boarding.
From a company-wide perspective, the Senior Third-Party Risk Analyst supports the program through training, communication, program adherence, and continuous maturation efforts. Responsibilities include coordinating timely ongoing due diligence activities; exercising independent judgment and discretion, supporting risk mitigation efforts, and analyzing vendor financial conditions, business continuity, compliance information security, cybersecurity risk and the overall control environment to ensure alignment with GBCI standards. The role is responsible for identifying areas of risk or concern, recommending and implementing solutions and supporting new automation, system functionality and product enhancements.
Additionally, the Senior Third-Party Risk Analyst reviews required contract provisions and information security controls, provides effective challenge, and supports contract execution, and on-going contract management. This role requires significant cross-functional coordination and the ability to influence and gain buy-in from stakeholders across the organization.
The position is part of our Enterprise Risk Management team, which supports senior management and the Board of Directors in assessing, identifying, mitigating, and monitoring the corporation’s key risks to protect its long-term safety and soundness. The department operates in a fast-paced evolving environment and requires the ability to maintain focus, adaptability, and productivity while manager competing priorities.
This is a Corporate position which may be located at an available bank division location across our nine-state footprint in AZ, CO, ID, MT, NV, TX, UT, WA, or WY. The entry rate for this position is $69,464.94 + / per year (calculated for Kalispell, MT).
All compensation offers are analyzed individually and take into consideration multiple factors including but not limited to geographic location, years of experience, and educational background.
WA Applicants ONLY: Range $75,663.06 to $113,494.60 per year
Description
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Help lead the design, build, implementation, and optimization of third party risk management technology platform and supporting processes, including execution of strategic initiatives to modernize the TPRM operating model. Assess current state processes and technology capabilities, compare against regulatory expectations and future state requirements, and identify gaps requiring remediation or enhancement.
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Provide Program guidance for risk-based due diligence reviews across third and fourth party relationships. Utilize the bank’s risk profile framework to assess inherent risk and accurately risk-rate third parties, with particular focus on operational, information security, cybersecurity and compliance risk. Partner with Third Party Relationship Owners to facilitate completion of due diligence requirements, review and challenge provided due diligence. Escalate material risks and issues to third-party risk as appropriate.
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Develop enhance and maintain the overall TPRM Program through updates to policies, procedures, governance, templates, technology, training, and communication. Ensure effective use of the third party risk management system across all phases of the third party lifecycle and maintain alignment with applicable regulations and current cyber risk mitigation practices. Lead initiatives to clearly define and monitor third party access to sensitive customer, employee, and bank data and systems.
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Manage the contract review process with business units and division staff to ensure contract language appropriately protects the bank's interest, reduces operational, legal and financial risk, and include required contractual provisions. Support contract execution, ongoing contract management, and contract termination processes to ensure the secure return or destruction of customer, employee, and bank information.
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Create, enhance, and deliver management and board reporting, including third-party inventories, dashboards, performance metrics, issue tracking, risk acceptance and findings. Effectively communicate results and recommendations to audiences at all levels of the organization and identify risks requiring escalation.
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Monitor regulatory and industry developments related to third-party risk management and pro-actively enhance the program to align with evolving expectations and best practices. Provide leadership to ensure compliancy with Inter-agency Guidance on TPRM and related regulatory requirements, and serve as the key point of contact with regulators, auditors, consultants, and other external parties.
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Support the Enterprise Risk Management function through activities such as report development, technical writing, regulatory reporting and research of emerging risk issues as needed.
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Must comply with all company policies and procedures and all applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Must complete the assigned online training courses and achieve a passing score by due date.