Okay, I've searched for Third-Party Vendor Compliance and Risk Analyst roles in Edmeston, NY, specifically within the financial services industry, full-time positions, requiring 2+ years of experience, with a salary range between $51,500 and$78,000. I found 27 positions for you. You can review them now.

Sure. Here's the analysis:

Job Analysis:

The Third-Party Vendor Compliance & Risk Analyst at NYCM Insurance is fundamentally tasked with ensuring that third-party vendors align with regulatory standards, corporate policies, and overarching business strategies. This means the candidate will be deeply involved in identifying and assessing risks associated with vendors throughout their lifecycle—from onboarding to offboarding. Beyond just compliance checks, the role demands a proactive approach to continuous monitoring and relationship management, which is vital in a sector where compliance discrepancies can have significant implications. The position requires excellent analytical skills to assess vendor performance based on Key Performance Indicators (KPIs) and to communicate findings effectively, signifying that the candidate needs not only technical acumen but also exceptional interpersonal abilities to influence decisions across departments. Success in this role looks like building strong partnerships with vendors while minimizing risks, ensuring that NYCM Insurance's commitment to its customers is upheld through reliable third-party collaborations.

Company Analysis:

NYCM Insurance stands as a legacy company with deep roots in the community it serves, relying on a family-oriented culture that emphasizes quality service and internal employee engagement. As a property and casualty insurance carrier, its long-established presence since 1899 breeds a sense of stability, although the company also appears committed to modernization through effective vendor management. The focus on genuine care for its customers translates into an ideal environment for roles concerning risk management, where compliance directly impacts customer trust and operational integrity. The role of the Third-Party Vendor Compliance & Risk Analyst is critical within this organization, indicating a strategic emphasis on managing vendor relationships to ensure they meet NYCM's standards. In this context, the Analyst will likely work closely with different teams, suggesting that teamwork and cross-functional collaboration are essential qualities. The role contributes significantly towards the company’s risk management framework, aiming for the long-term stability of both the organization and its workforce, while preserving the family-oriented ethos through responsible partnerships with outside vendors.

Absolutely. Here are some mock interview questions that could come up:

• Can you describe a situation where you had to ensure compliance with a complex regulatory requirement? What steps did you take?
• Tell me about a time when you identified a significant risk in a vendor partnership. How did you address it?
• Describe an instance when you had to manage conflicting priorities among different stakeholders. How did you handle the situation?
• How do you approach establishing and maintaining relationships with vendors throughout their lifecycle?
• What methodologies do you typically use to assess third-party risks? Can you walk us through your process?
• How would you evaluate a vendor's cybersecurity controls, and what criteria would you prioritize?
• Can you explain how you would develop an exit strategy for a critical vendor?
• Imagine you discover a vendor has a non-compliance issue. How would you address this with both the vendor and your internal team?
• If faced with a scenario where new legislation concerning data protection was introduced, how would you ensure compliance with current vendors?
• Why do you want to work at NYCM Insurance, and how do you see your values aligning with our mission?
• What do you believe are the most critical aspects of a robust Vendor Risk Management program?
• How familiar are you with SOC2 reports and NIST cybersecurity frameworks? Can you provide examples of how you've utilized this knowledge?
• What questions do you have about our current vendor management practices and ongoing compliance strategies?