We’re always looking for diverse, talented, service-oriented people to join our exceptional team.
Vendor Management Specialist - Temporary
The pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.
Pay Range:
$29.79 - $44.68
Scheduled Weekly Hours:
40
What You’ll Be Doing
Assists in maintaining a Vendor Management Program that ensures full compliance with the requirements of the Gramm Leach Bliley Act (GLBA), Title V, NCUA Part 748, Section III, and FFIEC guidelines. Interacts with senior management throughout the organization, credit union partners, vendors, and other third parties.
- Supports the review and analysis of new and renewing contracts and non-disclosure agreements to conduct third party risk assessment to anticipate, identify, and mitigate risk of the the vendor relationship.
- Assists in rating potential and existing vendors according to the degree of risk and level of business with SchoolsFirst FCU, and identifies appropriate due diligence activities, based on risk rating.
- Participates in key phases of vendor lifecycles from pre-onboarding to offboarding of vendors
- Tracks findings that arise during vendor onboarding, assess resulting risk to Management and collaborates with stakeholders to drive mitigation to acceptable levels
- Assists with maintaining a Vendor Management Program that ensures full compliance with applicable laws, rules, regulations, and guidelines.
- Maintains a centralized electronic file and tracking system of all existing and future vendor contracts and documentation relating to the vendors. Updates and makes relevant entries into the tracking system.
- Works with credit union management to obtain and maintain a list of all vendors used in all departments.
- Assists in maintaining vendor selection procedures in regards to hiring and contracting with vendors.
- Responsible for evaluating and performing due diligence and ongoing monitoring reviews of potential and existing vendors.
- Reviews vendor security reports such as SSAE16/SOC reports, writing up findings, reporting to Management and escalating problems and recommending meetings with vendors to address serious security concerns which may impact Member NPPI, as needed.
- Communicates between the Business, Information Technology and Information Security areas to validate questionnaire responses and for general requests associated with controls defined in standards and governing policies and procedures
- Ability to read, interpret and analyze vendor financial statements, calculating financial ratios such as Return on Assets (ROA), Return on Investment (ROI), Current Ratio and Percentage of long term debt to capital. Writes up findings, explaining importance of ratios and reports to Management.
- Responsible for effectuating renewals of existing ATM leases.
- Professionally interacts and negotiates with credit union partners, vendors, and other third parties.
- Assists in preparing annual summary report of high risk vendors to Supervisory Committee.
- Provides support to Internal Audit and Examiners for internal, external and regulatory examinations.
- Works with business unit owner and vendor to identify and mitigate risk through contractual insurance requirements.
Additional Job Functions
- Performs other duties as assigned
- Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions.
Qualifications
- High School Diploma or GED required
- Bachelor's Degree in a related field or equivalent years of experience required
- 1-3 years of prior relevant experience required
- Certified Regulatory Vendor Program Manager (CRVPM®) Level 1 preferred
Knowledge, Skills, and Abilities
Knowledge of credit union laws, rules, and regulations.
Proficient in written and oral communication skills with strong negotiation skills.
Able to effectively communicate with others in a positive and professional manner.
Personal computer skills and proficient with Microsoft programs.
Ability to multi-task and prioritize projects and duties effectively.
Excellent follow-through skills and sound business judgment. Additional Knowledge, Skills, and Abilities SchoolsFirst FCU is committed to Diverse, Equitable, and Inclusive Hiring
At SchoolsFirst FCU we are dedicated to building and growing a diverse, inclusive, and authentic Dream Team, so if you’re excited about a position or wanting to make a career change but your past experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyway. Many skills are transferrable and you may be just the right candidate for the position, or for other roles we are working on.
SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.
This organization participates in E-Verify.
