Vendor Management Sr Analyst

The Vendor Management Sr Analyst is responsible for overseeing the complete lifecycle management of third-party relationships, serving as the primary point of contact for third-party service requests. This involves overseeing the intake, analysis, and evaluation of third-party services, along with assessing the potential risks and impacts of using them. The Sr. Analyst plays a critical role in supporting due diligence workflows, monitoring and reporting third-party risks, and collaborating with stakeholders across the organization to implement a risk-based, enterprise-wide strategy for identifying, assessing, and managing third-party risks.
 

What you’ll do at Avant

• Act as a key advisor to internal stakeholders by addressing queries related to the Vendor Management program.

• Manage internal stakeholder actions and expectations by collaborating with Legal, Procurement, Finance, Compliance, and Technology to ensure proper handling of processes and procedures.

• Assist in performing initial risk assessments and ongoing reviews to identify, measure, and manage third-party risks.

• Facilitate the onboarding process for new vendors or products by working with business stakeholders to manage third party risk. 

• Work with vendor owners to complete risk assessments and ensure Due Diligence is completed upon onboarding.

• Regularly engage with vendor owners to identify any changes to a current vendor’s risk profile and escalate issues when necessary.

• Collaborate with WebBank’s Vendor Management team to ensure Avant complies with WebBank standards.

• Support operational reporting on third-party risks and vendor management.

• Complete an Annual Review for all Critical Vendors and report findings to WebBank. 

• Track issues and remediation tasks identified during the review

• Communicate effectively with internal and external partners.

• Maintain an accurate and complete vendor repository in the system of record (e.g., Venminder).

• Communicates to the business any material third party issues or events and escalate to senior management, when applicable

• Performs other miscellaneous responsibilities and duties as assigned

• This role requires 3 days in the Chicago office (Monday, Tuesday, Thursday).

Why you’re a fit at Avant

• Bachelor’s degree in Operations, Business, or a related field with 3+ years of professional experience, is a plus if in one of these fields: vendor management, operations, project management or a similar role.

• Strong ability to interact with stakeholders at different levels of the organization. 

• Demonstrated ability to manage multiple projects and meet competing deadlines

• Exceptional attention to detail.

• Solid work ethic and high level of motivation.

• Possess strong  written, communication, organization, and time management skills.

• Ability to interpret SOC 1 & 2 reports, business continuity reports and disaster recovery reports is a plus but not required.

This role is based on our downtown Chicago Office, located in the Merchandise Mart. We highly value collaboration and our hybrid schedule (M, T, Th in-office) enables flexibility to balance work and individual priorities.

Compensation Range:

The base salary range for this job is USD $62,000 - USD $85,000 / Year

Employees new to Avant typically come in below the midpoint of the pay range. The compensation range is based on the level outlined in the job posting, and compensation decisions are dependent on each applicant's experience, skills and abilities. 

[If an outstanding applicant's experience and skill level is above or below the qualifications outlined in the job posting, we reserve the right to make an offer at a different level than the one listed in this job posting, which may have a different compensation range.]

This role is eligible for additional incentives, including an annual bonus. These rewards are allocated based on level, impact and performance in the role.

Our benefits include:

• Choice of great Medical, Dental, and Vision Insurance Plan options

• 401(k) match

• Flexible Time Off

• Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)

• Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program 

• Lunch Allowance (Fooda) and In-office Snacks

• Summer Fridays 

• Fun In-Office and Virtual Social Events

• And who doesn’t love the swag

Check out our Avant Blog!

We believe that a diverse set of backgrounds and experiences helps us create the most innovative solutions for our customers. We invite you to apply to our positions even if you do not meet 100% of the qualifications listed in the description. If you’re passionate about our mission and aligned to our values, we hope you’ll come contribute to our awesome culture.

Why Avant is the place for you:

At Avant, we believe our values make a difference:

Authenticity. We show up to work as our whole selves and make sure others can too.

Collaboration. We can only succeed when we do so as a team.

Problem-Solving. The harder the problem, the more satisfying the solution.

Customer. We are all owners of the customer experience.

Initiative. Plan. Adapt. Get Sh!t Done.

We believe that great ideas come from anyone and anywhere, that everyone is an owner who drives change, and that we have more fun when we work together. We're problem solvers who love collaborating with intelligent and highly-motivated people to reshape the face of digital banking. Avant offers terrific perks and benefits, fun social events with employees who actually like hanging out together, and a flexible growth environment where trying your hand at new projects and being the active owner of your career path is encouraged and supported.