Vendor Risk Analyst

Description

OUR CULTURE

Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and wellbeing of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins. 

ABOUT THE POSITION

The Vendor Risk Analyst will work with the Credit Union’s Information Security, Risk and Compliance, and Legal teams and other internal departments that utilize vendor relationships to offer products and services to the membership and/or provide the resources needed for Civic’s ongoing operations. This role will oversee, track, document, and report on new and existing service providers in accordance with the Credit Union’s policy. The Vendor Risk Analyst will generate ongoing reports for senior management on the status of new and existing services and service providers and, notify management of any identified material vendor service issues that are tracked as part of the Vendor Management Program. The Vendor Risk Analyst t will also coordinate and lead the Credit Union’s Vendor Management Committee.

NORMAL DAY-TO-DAY WORK

1. Represent Risk and Compliance and partner with each department in their selection and evaluation process of all new vendors and service providers. 
2. Identify risks and uphold standards as it pertains to Civic’s policies and procedures through the due diligence processes.
3. 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.
4. Support and contribute to the creation and monitoring of the Credit Union’s Business Continuity Plan as it relates to Civic’s vendors.
5. Administer the development and maintenance of the tracking system for vendor documents, periodic reviews, relationship issues, and contract renewals.
6. Develop and maintain reporting to the Credit Union’s Board and Senior Management team on the status of the Credit Union’s vendor relationships.
7. 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.
8. Actively engage internal teams to identify, document, and build the remediation plan for potential vendors and operational gaps.
9. When necessary, ensure remediation plans are completed and conducted with the pre-specified requirements.
10. Continuously commit to staying abreast of fast-evolving industry trends as well as change rules and regulations.
11. Take ownership for actions, decisions, and results; openly accept feedback and demonstrate both the willingness and ability to improve.

JOB QUALIFICATIONS 

Here are a few qualifications you MUST have to be qualified for this position.  

1. Minimum 4 – 6 years of experience in Compliance and/or Risk Management in the Financial Services industry.
2. Demonstrated ability to conduct thorough research and interpret and understand vendor risk management standards and best practices.
3. Proven ability to work both independently and collaboratively while remaining well-organized, efficient, and detail-oriented.
4. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
5. Ability to lift a minimum of 25 lbs. (file boxes, computer printer).
6. Travel required on occasion.

Here are a few qualifications we’d LIKE for you to have.  

1. Bachelor’s degree in Accounting, Finance or related field.
2. Proven analytical ability specific to vendor management best practices and techniques. 
3. Previous management experience in a financial institution.
4. 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.
5. Demonstrated ability to engage and partner with all levels of management and staff, regardless of complexity of tasks.

If you have questions about this position description, please feel welcome to ask. You can reach HR at:  

Human Resources

3600 Wake Forest Rd, Raleigh, NC 27609 

careers@lgfcu.org