Vendor Risk Associate

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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 Vendor Risk Associate works to manage and minimize Hyundai Capital America's risks associated with vendors and service providers. This role plays a key part in the vendor risk management and compliance oversight program while supporting the vendor risk management team in these activities to minimize compliance risks associated with our 3rd party vendors.. This role will support the vendor onboarding process from initial risk rating, to performing due diligence reviews and entering new vendors into system. In addition, this role will assist in 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

What You Will Do

1. Purchasing Vendor Maintenance

• Work with impacted departments to ensure Vendor Terminations are managed and closed in accordance with the Vendor Termination checklist, IT systems shut off, Certificates of Destruction received, and Oracle profile is deactivated timely.
• Maintain monthly employee termination notices to remove terminated users from Vendor Risk system.
• Ensure proper validation via calls and email of payment changes and update vendor banking, address and other information in Oracle and VendorRisk
• Review vendor records for duplicates, outdated information/documents
• Monitor and manage vendor record cleanup including activation/deactivating vendor provides and ensuring vendor naming convention is correct based on contract.
• Manage and maintain vendor Certificates of Insurance to ensure validity.

2. Information Security Assessment periodic due diligence refresh

• 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. Quarterly Compliance Review processes

• 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 due diligence and new vendor onboarding process

• 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

What You Will Bring

• Minimum 2-4 years' related experience include reviewing and assessing vendor regulatory compliance and assessing risks associated with vendor services provided.
• Finance industry experience a plus.
• Bachelor's degree or equivalent work experience required Knowledge, Skills, Abilities
• Proficient with Microsoft Office Suites including Excel, Word, Power Point; and 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, vision to monitor and moderate noise levels. Work is performed in an office environment.