Job details
Job type full-time
Full job description
Silvergate capital corporation (nyse: si) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industryThe company’s real-time payments platform, known as the silvergate exchange network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the worldSilvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency futureChallenging convention by empowering people allows us to exceed expectations for our clients while cultivating an awesome culture.
The vendor management manager will be responsible for managing the bank’s vendor management program in its entiretyThis 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 initiativesAdditionally, this role will implement clear and efficient processes for vendor owners to navigate during onboarding, and own vendor risk technology administration.
Essential duties and responsibilities
General
Establish a baseline of vendor risk, identify areas of potential exposure, develop and align vendor risk management strategies with silvergate’s goals and objectives, and execute the program ensuring consistency
Own the entire vendor lifecycle from onboarding, monitoring, and offboarding to ensure strong oversight of all vendors` risks and provide business partners visibility of existing and emerging risks
Serve as the subject matter expert in interpreting requirements and improve awareness of operational risks faced by the business from vendor failure/poor performance and work with strategic sourcing/legal/business to mitigate any losses through vendor compensation achieved through establishment of robust contracts
Support the design and implementation of a common and consistent vendor risk management (vrm) program to effectively manage vendor riskEnsure the bank satisfies required ffiec vendor management activitiesMaintain current knowledge of all federal and state laws and regulations, along with all bank’s policies and procedures
Develop and maintain workflow processes to ensure data and system controls are adequate, meet internal baselines and optimize current processes to meet emerging risks while serving as an expert administrator of the bank’s centralized vendor management and contract software
Foster strong relationships with vendors and vendor owners to help ensure that all risk assessment and mitigation requirements have been met; risk is monitored and mitigated throughout testing/ development/ implementation and use
Support development and execution of a robust communication and training plan to facilitate the effective application and awareness of vrm with the businessMaintain a structured internal governance framework, to ensure effective oversight of vendor risk
Develop and maintain policies and procedures for the vendor management programAnalyze, update, and modify procedures and processes to identify and continuously implement vendor risk management process improvements
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
Perform data analytics and reporting activitiesProvide and maintain vendor risk reporting mechanisms, and track and report outcomes from vendor management activitiesCollect, organize, and distribute reports and documents to recommend enhancements to reporting and audit tools
Maintain current knowledge of all federal and state laws and regulations, along with the bank’s policies and procedures
Must adhere to the company’s core values of challenge convention, do what’s right, take ownership, empower people, exceed expectations, and cultivate awesome all while keeping our “why?” front of mindOur why? silvergate is the banking platform for innovators, and we believe in the power of entrepreneurs to create prosperity for our communities.
Not to harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice
Decision making
Contribute and enact “best of breed” vendor risk management practices above and beyond baseline activities
Knowledge, skills and abilities
At least 10 years of prior vendor management experience
Must have bachelor’s degree
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
Demonstrated experience with one or more vendor/enterprise risk management software platforms ex(archer, onetrust, servicenow, process unity, sai global)
Must be proficient in the use of excel; word; outlook; adobe acrobat, and the internetKnowledge 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 with risk management in a financial institution preferred
Bank secrecy act requirements
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 company’s customer identification program (cip) rules, observing all company policies and procedures relating to bsa, ofac, cip, and related acts, and participation in ongoing related training.
Work conditions
Standard office environment with a moderate noise level or working remotely.
Physical demands
While performing the duties of this job, the employee is:
Regularly required to talk or hear
Required to communicate with customer and coworkers verbally and in writing
Occasionally required to stand; walk
Occasionally required to lift up to 25 pounds
Required to sit for long periods and reach with hands and arms
Able to read documents, computer screens, reports, other communications and have the ability to adjust focus and close vision.
Management reserves the right to add to, change and revise this description at any timeThis description does not include any marginal functions that are incidental to the essential functionsAlso, it does not imply that these are the only tasks to be performed by the incumbentEmployees are required to follow any other job-related instructions and to perform any other job-related tasks requested by their supervisorAny requirement may be modified to reasonably accommodate individuals with disabilities.
Silvergate is an eeo/aa/disability/vet
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