Central Pacific Bank is located in the state of Hawaii. The work location for this position is in Honolulu, on the island of Oahu. This position would require the selected individual to work on-site during the training period (approximately the first 3-6 months) and may be eligible for hybrid work upon successful completion of training. If granted hybrid scheduling, this position requires the individual to be available to come to the office when needed, at least 2-3 times per week, but maybe more. It may require occasional travel to other locations across the state, including the neighbor islands.

As part of the vendor review process, this position is responsible for reviewing financial documents (such as 10-K filings) and assessing the credit/financial condition of a vendor to determine a risk rating (low, moderate, high) for doing business with said vendor. Once the risk level is identified, they will work with key stakeholders (the Vendor Management team, Manager requesting the vendor relationship and the Vendor) to ensure that the risk is managed and mitigated in compliance with the Bank’s Vendor Management Program (VMP). As part of the financial review portion of the vendor review process, this position will be expected to act as the project manager/investigator, asking additional questions, gathering more information, requesting additional documents if needed, etc. to ensure they can make a sound decision regarding the vendor’s risk rating. They will also assist with the ongoing monitoring of vendors throughout the year.

Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Primary Accountabilities:

• Reviews and assesses financial information from the vendor and determine any risks associated with the relationship and the delivery of service.
• Identifies appropriate mitigating controls or collects additional due diligence to complete the assessment on the financial condition of the vendor.
  1. Assessment could include, but not limited to reviewing the appropriate amount of resources, the necessary qualifications, proper oversight of resources, necessary insurance coverage, business experience, appropriate history, verifying vendor’s responses, vendor’s performance, the use of 4th parties, vendor’s strategies and practices, and philosophy alignment.
• Assists the VMP Manager related to, but not limited to contracts, their terms and conditions, the cost associations, termination requirements, renewal notifications, notice requirements, vendor management contract language, SOC Reports, and insurance coverages.
• Manages the contracts and documents in the vendor management system to ensure they are complete and accurate to assists the Vendor Management system in automated notices for action.
• Works with other areas of the Bank to populate the contract management module in the vendor management system to include information, but not limited to start dates, point of contact, service level agreements, termination dates, notification requirements, costs, contractual obligation, subscription amounts, and renewal dates.
• Manages the ongoing monitoring of all vendor/third-party relationships in the Vendor Management Program to ensure periodic reviews and assessments are completed in off-cycle Vendor Management review years.
• Assists in assessing all vendor/third-party relationships in the Vendor Management Program that requires additional monitoring due to, but not limited to any regulatory actions, lawsuits, law/regulation changes, financial issues, and operational issues.
• Collaborates with other areas of the Bank (Enterprise Risk Management, Compliance, Information Security, Business Continuity, etc.) to share information and support compliance of other programs where overlaps exist, as well as in the vendor risk mitigation and sign-off process focusing on high-risk items for review.
• Works closely with contract managers and subject matter experts to ensure they understand the requirements of the Program; provides the contract managers and subject matter experts with appropriate training and available tools and necessary assistance to ensure they comply with the Program requirements.
• Assists the Vendor Management Department to ensure compliance with the requirements of the Vendor Management Program.
• Keeps abreast of regulatory changes and updates the Program as necessary to ensure the Program is in compliance with regulatory requirements.
• Assists with providing the required Vendor Management Program documentation and evidence to auditors and examiners as requested.
• Identifies opportunities for improvement regarding the Vendor Management Program’s processes, policies and/or procedures.
• Manages day-to-day responsibilities associated with vendor management system and vendor monitoring service, to include:
  1. Manages (add, delete and change) users on the vendor management system to ensure users are current and access levels are appropriate.
  2. Works closely with contract managers to ensure the information on the vendor management system is accurate and current and that due diligence and other program documents are filed and linked for future access.

Minimum Qualifications:

Education:

• High school diploma required.
• Bachelor’s degree in accounting or finance or related field preferred.

Experience:

• 4 years of experience reviewing financial reports/statements, investigating/assessing financial risk or other relevant work required. (A bachelor’s degree in a relevant field can substitute for 2 years of work experience.)
• Previous experience as a Credit Analyst, Underwriter, or Auditor preferred.
• Accounting, contract management or procurement management experience preferred.

Physical Requirements & Working Conditions:

• Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
• Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
• Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
• Must be able to read and understand bank-related documents.
• Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time. Must also be able to adapt to different work environments as needed to perform the job.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.