Vendor Management Analyst

LGE Community Credit Union•Headquarters, KY

About The Position

This position is responsible for managing the vendor onboarding and renewal process by developing the process, obtaining and analyzing documents, risk rating of vendor relationships, maintaining vendor software, working credit union-wide with all business units. In addition, the Vendor Management Analyst will serve as backup to the Business Continuity Plan Administrator. These responsibilities include working with LGE staff in the maintenance, and exercising (testing) of the overall business continuity and disaster recovery (DR) plans.

Requirements

Bachelor’s Degree in Business Administration or related field
5+ years working knowledge of critical business processes, products, and services within a financial institution
Exceptional analytical skills
Excellent verbal/written communication, administrative, and computing skills (Microsoft Office)
Ability to manage competing priorities and work independently
Ability to work independently, without constant supervision
Capable of developing strong cooperative inter-departmental partnerships for joint actions
Ability to help assess vendor security controls, financials, contracts and business continuity plans
Strong communication skills with the ability to facilitate meetings
Dedicated to the health and advancement of members' financial lives and its communities.

Nice To Haves

Vendor Management Certification, CRVPM or similar
3 - 5 years of program/project management skills
Venminder experience

Responsibilities

Develop and maintain policies, procedures, and risk assessments for vendor management
Lead and oversee vendor relationships, contracts, and performance to align with business objectives
Maintain and monitor third-party vendor database, contract renewals and risk ratings
Conduct ongoing, timely vendor due diligence reviews to include contract details and terms, financials, security standards and business continuity, dependent on vendor risk rating
Review and update risk assessments on a scheduled basis as vendor relationships mature and change
Coordinate onboarding of new vendors to include due diligence document gathering, legal review, financial reviews, security and business continuity review
Regularly communicate with all lines of business on matters pertaining to vendor management
Provide training as needed
Develop documentation for complex subjects
Ensure appropriate levels of security and confidentiality are maintained with contract details
Provide applicable regulatory guidance through research of Federal and State resources
Provide compliance assistance to projects team for new products and services
Stay informed of changing regulations and industry trends
Assist with Internal Audit reviews as needed through assessment of processes, documents and forms
Serve as backup to business continuity communications software with up to date information surrounding operations, staff and testing
Maintain familiarity with and follow all policies, procedures and processes which have been established in order to meet compliance requirements of all applicable federal regulations. The regulations include but are not limited to the Privacy Act, Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), Reg. CC and Patriot Act