Vendor Analyst I Biloxi 5304

Keesler Federal Credit Union•Biloxi, MS

About The Position

The Vendor Analyst I manages relationships with vendors and business stakeholders, assists with issue escalations, and monitors vendor performance to ensure compliance with contracts and service level agreements. The role serves as a subject matter expert for business functions, systems, policies, and procedures, and supports analysis of procurement and vendor data with detailed reporting. It requires significant independent judgment and the ability to work effectively without constant supervision. The position is part of Enterprise Risk Management and supports the vendor lifecycle as a second line of defense, including risk oversight, compliance monitoring, contract and document review, database maintenance, and reporting. The role also supports vendor management policy implementation and improvement, works with departments and senior management, and helps identify opportunities to consolidate services and reduce costs. A bachelor’s degree in business or a related field is preferred, or an equivalent combination of education and experience. Three to five years of financial institution experience is required; vendor management experience is preferred. The Certified Regulatory Vendor Program Manager (CRVPM) certification must be obtained within 12 months.

Requirements

Three to five years of financial institution experience.
Bachelor’s degree in business or a related field preferred, or an equivalent combination of education and experience.
Ability to manage multiple priorities, establish and meet deadlines, coordinate across departments, and maintain accuracy and attention to detail.
In-depth analytical skills and the ability to research, analyze, and solve problems.
Self-starter with strong motivation and sound judgment.
Working knowledge of applicable federal and state laws, rules, and regulations, and of banking and financial industry trends, products, and services.
Experience working with staff at all levels, management, stakeholders, and vendors.
Experience managing multiple priorities independently and/or in a team environment to achieve goals.
Experience evaluating and examining policies, procedures, business documents, IT security, and regulatory compliance controls.
Ability to interpret and apply data and instructions to guidelines, procedures, practices, and regulations.
Ability to work independently and in a team environment and to interact tactfully in difficult situations.
Strong communication, organization, planning, time management, relationship-building, collaboration, and interpersonal skills.
Effective database, word processing, spreadsheet, and presentation software skills; proficiency using a personal computer or laptop.
Experience with email software and the internet.
Knowledge of information technology capabilities and procedures.
Must obtain the Certified Regulatory Vendor Program Manager (CRVPM) certification within 12 months.

Nice To Haves

Vendor Management-related experience.
Bachelor’s degree in business or a related field.

Responsibilities

Inspect vendor deliverables, budgets, financial statements, licenses, insurance, and other materials to confirm vendors maintain key service provider status.
Help keep vendor monitoring components and records current, including risk assessments, due diligence documentation, performance reviews, and vendor classifications.
Work with senior management to risk-rate vendors using the defined Vendor Management methodology and coordinate with Information Security on technology service provider controls.
Maintain records of qualified vendors and escalate vendor risk and compliance issues to the appropriate entity.
Provide expertise, support, monitoring, and challenge on third-party risk matters while overseeing the vendor lifecycle.
Review contract terms, renewal and termination provisions, and vendor performance to support recommendations.
Support implementation, enforcement, and ongoing improvement of Vendor Management policies, procedures, and guidelines.
Review and audit vendor documents for compliance with applicable laws, regulations, and credit union policies and procedures.
Evaluate vendor documents and route them to appropriate departments for subject matter expert approval.
Coordinate with Project Management to support establishment of new products and services for credit union departments.
Maintain an accurate and current vendor contract database and user access to vendor management software platforms.
Resolve contractual and interpretive differences between vendors and business units, involving external legal counsel as appropriate.
Prepare periodic verbal and written Vendor Management Program updates and assist with vendor documents and reports for senior management meetings.
Identify opportunities to consolidate services for cost savings.
Maintain knowledge of applicable laws, regulations, and credit union policies and procedures, including changes that may affect the Vendor Management Program.
Perform other duties as assigned by the Enterprise Vendor Manager and continue professional development through self-training, seminars, and in-house training.

Benefits

Medical insurance
Dental insurance
Vision insurance
Section 125 Flexible Spending Accounts for health care and dependent care expenses
Employee and dependent life insurance
401(k) retirement plan with a 100% match on the first 5% contributed by the employee
Paid leave
Tuition reimbursement
Competitive scholarships
Short-term disability benefits
Long-term disability benefits