What are the responsibilities and job description for the Risk Specialist position at Abbott Laboratories Employees Credit Union?
SUMMARY: Duties will encompass the support and improvement of the enterprise risk management program, with a primary focus on managing our vendor management program.
ESSENTIAL FUNCTIONS:
- Ensures vendor management program complies with regulatory and company standards
- Provides recommendations to improve the vendor management program and mitigate vendor risk
- Collaborates with vendor owners to determine vendor onboarding, ongoing oversight and termination requirements
- Actively communicates with vendor owners to ensure due diligence documents are current and reviewed
- Acts as a secondary reviewer of vendor contracts and due diligence documents to identify vendor risks
- Collaborates with Information Security to review vendor controls are in place for data security
- Coordinates semi-annual vendor performance review process
- Conducts semi-annual Vendor Management Committee Meetings
- Acts as administrator for the Vendor Management software
- Assists in the development of and review proposed changes to credit union policies, internal guidelines, and procedures
- Conducts training for employees
- Assists in managing enterprise risk management program
- Assists with Business Continuity Program management
- Assists with conducting internal risk reviews
- Assists with external examinations and risk reviews
- Maintains confidentiality of information and controls. Protects all credit union sensitive information and materials within the scope of the department functions
- Other duties as may be assigned
SECONDARY FUNCTIONS:
- Assists with fraud duties, including member incidents and account reviews and investigations
- Assists with BSA duties, including suspicious activity, regulatory reporting and investigations
- Assists with fiduciary account responsibilities
QUALIFICATIONS:
- Education Required: High School Diploma or equivalent (GED)
- Education Preferred: Associate’s degree in Business or related field
- Experience Required: Two (2) years of experience working in a financial institution
- Experience Preferred: Two (2) years of experience working in a vendor management position in a financial institution
The base pay for this position is $20.28 to $33.80 per year. In specific locations, the pay range may vary from the range posted. Click here to learn more about ALEC and our benefits.
Salary : $20 - $34