Hybrid Vendor Relationship Risk Specialist

at PNC

• Job title: Vendor Relationship Risk Specialist
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $45,000 - $80,500 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Pittsburgh, United States

About the role

• Vendor Relationship Risk Specialist at PNC responsible for improving vendor performance and compliance. Involves onboarding, monitoring and coordinating with third party vendors in an inclusive work culture

Responsibilities

• Support execution of onboarding and monitoring processes for third party vendors.
• Coordinate with vendors and internal stakeholders to complete due diligence assessments, finding remediation, collection/recording of performance KPIs, and coordination of performance meetings.
• Track vendor status, due diligence documentation, and timelines.
• Communicate with vendors and internal partners to ensure timely completion of tasks.
• Escalate potential issues or delays to senior team members.
• Maintain high standards of documentation, process adherence, and data quality.
• Identify and manage risks associated with a product or service with the goal of improving vendor performance and compliance with applicable regulations.
• Interface with vendors and organizational staff to interpret needs and provide accurate specifications and risk mitigation solutions.
• Lead the review of new and existing contract assignments for compliance with applicable regulations.
• Consult with vendors to remediate risks identified in assessment process.
• Recommend, initiate and/or drive improvement opportunities.
• Prepare reports and required documents for management review.

Requirements

• Experience in vendor management, compliance, procurement, or related business operations.
• Strong attention to detail and organizational skills.
• Effective communicator with a collaborative mindset.
• Familiarity with third party risk tools or risk concepts a plus.
• 2+ years of relevant professional experience
• Knowledge of regulatory environment - Financial Services.
• Bachelor's degree

Benefits

• medical/prescription drug coverage (with a Health Savings Account feature)
• dental and vision options
• employee and spouse/child life insurance
• short and long-term disability protection
• 401(k) with PNC match
• pension and stock purchase plans
• dependent care reimbursement account
• back-up child/elder care
• adoption, surrogacy, and doula reimbursement
• educational assistance, including select programs fully paid
• a robust wellness program with financial incentives
• maternity and/or parental leave
• up to 11 paid holidays each year
• 8 occasional absence days each year, unless otherwise required by law
• between 15 to 25 vacation days each year, depending on career level; and years of service