Vendor Risk Analyst

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Job Location: Carlsbad, CA

Company Name: Silvergate Bank

Date Posted: 2020-04-28

Employment Type: FULL_TIME


The Vendor Risk Analyst will be responsible for maintaining the Bank’s Vendor Management program under the oversight of the AVP, Vendor Management Officer. This role will be a central point of contact and coordination during procurement, new vendor onboarding, vendor maintenance and performance, vendor offboarding, and vendor-focused cost containment initiatives. Additionally, this role will support the implementation of clear and efficient processes for vendor owners to navigate during onboarding.


• Facilitate the onboarding, monitoring, and offboarding of vendors
• Monitor vendors’ compliance with the terms of services outlined in approved contracts
• Ensure the Bank satisfies required FFIEC vendor management activities
• Foster strong relationships with vendors and vendor owners
• Maintain prompt and consistent communication
• Assist with special assignments as needed
• Abide by policies and procedures for the Vendor Management program
• Demonstrate attention to detail, ability to translate vendor management requirements into business friendly terminology, and the ability to effectively communicate to a diverse set of stakeholders
• Maintain current knowledge of all Federal and State Laws and Regulations, along with all Bank’s policies and procedures
• Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice
• Must adhere to the company’s core values of Act Like an Owner, Teamwork, Integrity, Superior Service, Innovative, and Work Hard/Have Fun

Decision Making
• Determine which subject matter expert reviews are applicable
• Review subject matter expert reviews for reasonableness
• Direct third-party vendor management services on critical or priority needs

Job Dimensions
• Must perform daily duties with an awareness of time management, efficiency, and preservations of company assets and resources

• Must have high school diploma, or equivalent, a college degree is preferred
• Demonstrated experience with one or more Vendor/Enterprise Risk Management software platforms preferred
• Must be detail oriented and can prioritize and reprioritize tasks throughout the day
• Must have the ability to keep many parties updated and communication must be consistent and concise
• Must have the ability to focus on immediate tasks and meet deadlines yet handle several issues simultaneously
• Must be proficient in the use of Excel; Word; Outlook; Adobe Acrobat, and the Internet. Knowledge of Microsoft PowerPoint is preferred
• Excellent verbal and written communication skills are a necessary requirement
• Prior vendor management experience or risk management experience preferred
• Prior experience in a financial institution preferred


Responsible for adhering to the reporting and recordkeeping requirements of the Bank Secrecy Act and Anti-Money Laundering rules and regulations, observing economic sanctions by prohibiting transactions as specified by the Office of Foreign Asset Control (OFAC), following the bank’s customer identification program (CIP) rules, observing all Bank policies and procedures relating to BSA, OFAC, CIP, and related acts, and participation in ongoing related training.

Standard office environment with a moderate noise level

While performing the duties of this job, the employee is:
• Regularly required to talk or hear;
• Required to sit for long periods and reach with hands and arms;
• Occasionally required to stand; walk;
• Occasionally required to lift up to 25 pounds;
• The vision requirements include ability to adjust focus and close vision.

Management reserves the right to add to, change and revise this description at any time. This description does not include any marginal functions that are incidental to the essential functions. Also, it does not imply that these are the only tasks to be performed by the incumbent. Employees are required to follow any other job-related instructions and to perform any other job-related tasks requested by their supervisor. Any requirement may be modified to reasonably accommodate individuals with disabilities.

Silvergate is an EEO/AA/Disability/Vets Employee

Vendor Risk Analyst
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