Job Title

John Marshall Bank is looking for a Vendor Risk Analyst who will assist in the assessment and monitoring of risks associated with third-party vendors. This person will facilitate risk classification, the due diligence process and promote overall regulation compliance. Additionally, this person will provide support to vendor relationship owners, as needed.Primary Responsibilities:Vendor and Contract Support:- Evaluate vendor performance based on quality, price, delivery, and responsiveness.- Monitor vendor activities and ensure compliance with contract terms, policies, and procedures.- Communicate vendor performance issues and potential contract risks to appropriate stakeholders.- Support contract owners in establishing and maintaining strong relationships with vendors.- Assist contract owners in developing and implementing strategies for selecting and managing vendors to optimize cost-effectiveness and efficiency.- Support contract owners in researching and negotiating favorable terms, pricing, and agreements with vendors.- Assist contract owners in reviewing contracts. Maintain a database of all vendor contracts and related documentation.- Ensure contracts are compliant with internal company policies.- Track key contract dates (renewals, terminations, etc.) and take proactive action. Ensure timely and accurate execution of contracts, including renewals and amendments.- Collaborate with finance, accounting and risk management teams to review terms and conditions for compliance and risk pliance and Risk Management:- Ensure all vendor activities are aligned with regulatory, legal, and organizational requirements.- Conduct vendor audits and performance evaluations to mitigate risks and identify areas of improvement.- Develop and support policies and procedures for vendor selection, monitoring, and termination.- Track contract-related risks, ensuring liabilities are minimized.Reporting and Analytics:- Provide regular reports on vendor performance and contract status.- Analyze vendor data to identify trends, risks, and opportunities for improvement.- Maintain accurate records and documentation of all vendor interactions, negotiations, and contract activities.Requirements::: {automation-id=