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Local Government Federal Credit Union · 3 hours ago

Vendor Risk Analyst

Raleigh, NC

Full-time

Onsite

Mid, Senior Level

4+ years exp

Local Government Federal Credit Union is dedicated to fostering a dynamic workplace that values the contributions of diverse minds. The Vendor Risk Analyst will collaborate with various teams to oversee vendor relationships, ensuring compliance with policies and generating reports for senior management on vendor service issues.

BankingFinancial Services

Comp. & Benefits

Responsibilities

Represent Risk and Compliance and partner with each department in their selection and evaluation process of all new vendors and service providers

Identify risks and uphold standards as it pertains to Civic’s policies and procedures through the due diligence processes

Conduct planned and scheduled assessments of service providers that are critical to the Credit Union’s ongoing operations. Continuously ensure the quality and accuracy of services adequately support Civic’s standards and vision

Support and contribute to the creation and monitoring of the Credit Union’s Business Continuity Plan as it relates to Civic’s vendors

Administer the development and maintenance of the tracking system for vendor documents, periodic reviews, relationship issues, and contract renewals

Develop and maintain reporting to the Credit Union’s Board and Senior Management team on the status of the Credit Union’s vendor relationships

Partner closely with the VP of Risk and Compliance and the VP of Information Security as needed to update the Credit Union’s Vendor Management Program

Actively engage internal teams to identify, document, and build the remediation plan for potential vendors and operational gaps

When necessary, ensure remediation plans are completed and conducted with the pre-specified requirements

Continuously commit to staying abreast of fast-evolving industry trends as well as change rules and regulations

Take ownership for actions, decisions, and results; openly accept feedback and demonstrate both the willingness and ability to improve

Qualification

Vendor Risk ManagementCompliance ManagementRisk ManagementFinancial Services ExperienceAnalytical SkillsCollaborationDetail-orientedOrganizational SkillsCommunication Skills

Required

Minimum 4 – 6 years of experience in Compliance and/or Risk Management in the Financial Services industry

Demonstrated ability to conduct thorough research and interpret and understand vendor risk management standards and best practices

Proven ability to work both independently and collaboratively while remaining well-organized, efficient, and detail-oriented

Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc

Ability to lift a minimum of 25 lbs. (file boxes, computer printer)

Travel required on occasion

Preferred

Bachelor's degree in Accounting, Finance or related field

Proven analytical ability specific to vendor management best practices and techniques

Previous management experience in a financial institution

Strong and established understanding of the regulatory and business environment around vendor risk and ability to multitask and adapt to changing priorities in a fast-paced environment

Demonstrated ability to engage and partner with all levels of management and staff, regardless of complexity of tasks