Third-Party Risk Analyst

Date Posted: 11/21/2017
Location: Waterbury, CT
Ref#: 5000272005206
17-1905
40
145 Bank Street-NH501
Waterbury
Connecticut

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935 by Harold Webster Smith, our focus has always been to put people first--doing whatever we can to help individuals, families and businesses achieve their financial goals. And while we've grown into a leading commercial bank, we remain passionate about serving our customers, supporting our communities, and making a difference in people's lives. We can make a difference in your life, too. By empowering you to build the meaningful career you've been looking for.

Responsibility, respect, trust, teamwork and citizenship are the values on which Webster was founded. Together we call them The Webster Way, and they are what set us apart as a bank and an employer. Guided by these values, we put people first - working hard to live up to our customers, and each other, every day.

Summary

The Third-Party Risk Management (3PRM) Analyst reports directly to the Vice President of Third-Party Risk Management and manages the processes involving applications third-party relationships are managed through. The 3PRM Analyst maintains both the 3PRM database and 3PM portal and ensures data relevance and accuracy. The 3PRM Analyst acts as a liaison, providing support to both the business unit and third-party. The 3PRM Analyst responds to user inquiries and facilitates the due diligence process.

The primary objectives for the 3PRM Analyst are:

  1. Manage the activities involved with the third-party due diligence process.
  2. Act as the liaison between business unit and third-party, maintaining all appropriate documentation as set forth in Webster's 3PRM program.
  3. Effectively communicate and manage 3PRM processes to business units throughout the bank. Provide continuous improvement to all 3PRM policies and procedures.
  4. Conduct periodic Quality Control (QC) review activities to ensure third-party records reflect policy.  Identifies descrepancies and documents accordingly.

Responsibilities

Job Skills

Education

High School / GED required

Bachelors preferred

Specialized training, a plus

*LI-CL1


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