Sr. Vendor Risk Associate
Sr. Vendor Risk Associate
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Job Description
Who We Are
Through our service brands Hyundai Motor Finance Genesis Finance and Kia Finance Hyundai Capital America offers a wide range of financial products tailored to meet the needs of Hyundai Genesis and Kia customers and dealerships. We provide vehicle financing leasing subscription and insurance solutions to over 2 million consumers and businesses. Embodying our commitment to grow innovate and diversify we strive to reimagine the customer and dealer experience and launch innovative new products that broaden our market reach. We believe that success comes from within and are proud to support our team members through skill development and career advancement. Hyundai Capital America is an Equal Opportunity Employer committed to creating a diverse and inclusive culture for our workforce. We are a values-driven company dedicated to supporting both internal and external communities through volunteering philanthropy and the empowerment of our Employee Resource Groups. Together we strive to be the leader in financing freedom of movement.
We Take Care of Our People
Along with competitive pay as an employee of HCA you are eligible for the following benefits:
Medical Dental and Vision plans that include no-cost and low-cost plan options
Immediate 401(k) matching and vesting
Vehicle purchase and lease discounts plus monthly vehicle allowances
Paid Volunteer Time Off with company donation to a charity of your choice
Tuition reimbursement
What to Expect
The Sr. Vendor Risk Associate works to manage and minimize Hyundai Capital Americas risks associated with vendors and service providers. The role-plays a key part of the vendor risk management and compliance oversight program. The Associate Vendor Risk will own the execution of the vendor onboarding process from initial risk rating to performing due diligence reviews and entering new vendors into Oracle. In addition this role owns the execution of several aspects of the ongoing risk management and monitoring processes for high-risk vendors including performing Quarterly Compliance reviews and periodic Information Security Assessments. This position also supports the Manager Vendor Management in these activities to minimize compliance risks associated with HCAs vendors.
What You Will Do
1. Ownership of the new vendor onboarding process from risk rating to activation in Oracle.
Perform vendor risk classification reviews on all new vendors ensuring the risk associated with each vendors services is accurately assessed and documented.
Request collect and review new vendor due diligence documentation for completeness submit for approval create and communicate due diligence summary reports to relevant stakeholders for all vendors (A B and C risk).
Validate vendor banking and payment address information.
Create new vendors and enter payment information into Oracle
Update and maintain vendor records in VendorRisk
2. Ownership of the Information Security Assessment periodic due diligence refresh process for vendors with high information security and privacy compliance risk.
Request collect and review vendors information security assessment due diligence documentation for completeness and submit for approval.
Ensure VendorRisk is up to date with planned review periods while ensuring policy compliance
3. Ownership of the Quarterly Compliance Review processes to ensure vendor compliance and reduce risk to the organization from high compliance risk 3rd party services.
Request and collect vendors compliance records and performance information (compliance testing Call QA call logs licenses etc).
Review documentation and assess vendors compliance with consumer finance and collections related regulations.
Document assessments in VendorRisk and follow up with vendors on findings identified to ensure remediation of any issues.
Ensure reviews are completed and approved in compliance with the planned review schedule.
4. Vendor Information Maintenance
Payment Changes Ensure proper validation (verbal and email) and update of vendor banking address and other information in Oracle and VendorRisk
Terminations Work with impacted business units to ensure Vendor Terminations are managed and closed in accordance with a Vendor Termination checklist IT systems shut off Certificates of Destruction received and Oracle profile deactivated timely.
5. All other duties as assigned.
What You Will Bring
Minimum 4-6 years related experience including reviewing and assessing vendor regulatory compliance and assessing risks associated with vendor services provided
Finance industry experience is a plus
Bachelors degree or equivalent experience required
Microsoft Office Excel Word Power Point; Web based software services
Working knowledge in Oracle ERP
Knowledge of third-party risk management processes and best practices
Knowledge of consumer financial regulations and vendor compliance requirements
Solid financial and analytical skills
Work Environment
Employees in this class are subject to extended periods of sitting standing and walking and using a computer. Work is performed in an office environment.
The posted salary range for this job takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; geographic location and other business and organizational needs. Successful candidates may be hired anywhere in the salary range based on these factors. It is uncommon to hire candidates at or near the top of the range.
California Privacy Notice
This notice only applies to our applicants who reside in the State of California.
If you have any questions about CCPA regarding California residents or HCA team members please contact the Privacy Team at .
Required Experience:
Senior IC
Employment Type
Full-Time
