Vendor Management Analyst Jobs

Who We Are

At Seattle Bank, we take a personal approach to banking. Locally owned and managed, we are a digitally-driven boutique bank serving families and businesses in the Greater Puget Sound region and delivering partner banking services to companies nationwide. Our experienced team of bankers blends big-bank solutions with boutique-bank service, focusing on building relationships that last and solutions that succeed. From smart technologies that give our clients more control to creative solutions that can make money work smarter, we’re always building better ways to bank. Seattle Bank is one of a small number of banks in the country with a cloud-based, open API core banking system. This technology stack supports our growing array of personal and business banking offerings, as well as our partner banking services that enable fintechs, marketplaces, and brands to embed banking transactions into their customer experience. Ranked in the top ten percent of banks nationally for return on assets and efficiency, Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company.

Position Summary

The Vendor Management Analyst will support Seattle Bank by providing oversight of banking and FinTech partners with an emphasis on Vendor Management, Compliance Monitoring, and General and Regulatory Risk.

The Vendor Management Analyst will work with Seattle Bank departments to ensure prompt vendor due diligence for new vendors and FinTechs. In addition, this position will perform monthly vendor monitoring according to risk category, with critical vendors reviewed annually. Responsible for the Vendor Management Policy, creation of the annual vendor management Board report and other assigned reports.

The Vendor Management Analyst will also perform monthly testing of the Bank’s compliance with regulatory requirements and laws.

This is an in-person position located in Seattle, WA.

Essential Duties

• Perform annual review of all partners completed on a monthly basis according to risk category
• Review and track vendor activity to ensure deadlines are met
• Conduct periodic, in-depth regulatory compliance monitoring reviews, issue reports of findings and recommendations to department management, and summary reports to Executive Management and the Board of Directors.
• Work with FinTech Risk Manager on Vendor Management issues and questions
• Provide oversight of partner vendors to ensure they meet industry standards and service level requirements
• Review partners' prospective vendor list prior to launch and provide feedback
• Maintain vendor management monitoring log
• Assist in completing risk assessments as it relates to Vendor Management and Regulatory Compliance
• Review partners' vendor management program and provide feedback
• Perform due diligence on new partners, including reviewing Information Security Program, Disaster Recovery/Business Continuity Plan, Business Impact Analysis, IT Audit reports, Privacy Policy/GLBA Risk Assessment, Financials, Insurance, Licensing, SOC reports, and Vendor Management Program
• Perform additional duties as assigned
• Follow and comply with all regulatory and compliance regulations
• Provide FinTech program quality assurance testing
• Research, analyze, and draw conclusions related to all federal and state rules and regulations and their applicability to FinTech, Bank products, services, and systems

• Knowledge and understanding of FinTech with a strong technical background
• Experience in compliance regulatory testing required
• Required to handle multiple tasks at the same time
• Must have excellent attention to detail to ensure timely and effective communication
• Excellent verbal communication and writing skills
• Strong research skills involving customer and transactions using core system, social media, and internet
• Finance and Vendor management background required
• Excellent analytic skills
• Prior experience with personal computers and Windows based software and excel spreadsheets
• Ability to effectively present information and respond to questions from management, affected departments and the Bank's Strategic Partners

Seattle Bank Benefits

We’re committed to delivering our promise of peace of mind to our clients. But we’re also committed to our team members. We have intentionally designed a culture and workspace that are highly collaborative, inclusive and supportive. We believe in the value of each team member and offer a full range of benefits and perks designed to support both your personal and professional goals. Our comprehensive benefits program for eligible employees includes:

• Employee Assistance Program (EAP), Life Insurance, Long Term Disability, Voluntary Life
• And fun, extra perks such as company socials and lunches, team development activities, bank sponsored volunteer opportunities, paid volunteer hours, quarterly incentive awards, and professional development opportunities.
• Stock Options
• Transportation Benefits
• 401K with Bank contribution
• Paid Vacation – 3 Weeks
• Paid Sick Time – 1 hour per 40 hours worked
• Medical, Dental and Vision insurance
• Annual Bonus Opportunity
• Paid Holidays – 10 days