Manager, Vendor Risk

Municipal Credit Union; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Municipal Credit Union seeks a Vendor Risk Manager to own and enhance its vendor risk management frameworks. The role involves leading the Vendor Risk Management Program, managing vendor due diligence, and collaborating with various teams to mitigate risks. Ideal candidates will have significant experience in financial services and risk management, along with a commitment to the organization's core values.

Benefits

Competitive compensation

Medical and dental benefits

401K with employer match

Flexible paid time off

Qualifications

• 5 years experience in financial services required.
• 5 years risk management experience with vendor risk knowledge.
• Preferred certifications: Certified Third-Party Risk Professional or Certified Regulatory Vendor Program Manager.

Responsibilities

• Lead the Vendor Risk Management Program in alignment with regulatory requirements.
• Manage vendor due diligence lifecycle including risk assessments and ongoing monitoring.
• Develop and deliver periodic vendor risk reports to senior management.

Skills

Risk Management

Regulatory Compliance

Vendor Risk Assessment

Attention to Detail

Technological Proficiency

Education

Bachelor’s degree

Advanced degree (preferred)

Job description

About MCU:

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Our Mission:

To help hard-working New Yorkers build better tomorrows

Our Vision:

Be New York's most loved financial institution by helping our members build their best financial futures

Overview:The Vendor Risk Manager owns, develops, implements, enhances, and maintains MCU’s vendor risk management frameworks, taxonomies, policies, and procedures.

Responsibilities:

Specific duties include, but are not limited to, the following:

• Lead the end-to-end Vendor Risk Management Program in alignment with regulatory requirements (e.g., NCUA, NYDFS, FFIEC) and internal policies.
• Manage the vendor due diligence lifecycle including risk assessments, contracting support, ongoing monitoring, and offboarding processes.
• Facilitate periodic reviews of critical and high-risk vendors, including SOC reports, financial health, cybersecurity practices, regulatory compliance, and performance metrics.
• Collaborate with Enterprise Risk, Legal, Information Security, and business units to evaluate and mitigate vendor risks.
• Maintain the Vendor Risk Register and ensure vendor risk ratings are accurate and current.
• Coordinate with internal audit and external examiners on vendor risk management reviews.
• Develop and deliver periodic vendor risk reports to senior management and the Board, including risk exposure, trends, and performance metrics.
• Monitor regulatory changes and industry best practices to ensure continuous improvement of the Vendor Risk Management Program.
• Provide coaching and oversight to staff or cross-functional teams involved in vendor risk activities.

• Perform other related duties as requested and special projects as assigned.

Requirements:

• Bachelor’s degree required, advanced degree preferred.
• Minimum of 5 years of experience in the financial services industry required.
• Minimum of 5 years of risk management experience, with demonstrable knowledge in third-party vendor risk.
• Knowledge of operational risk management, regulatory compliance, general IT risk/IT operations, and financial industry business lines and workflows required.
• Preferred certifications: Certified Third-Party Risk Professional or Certified Regulatory Vendor Program Manager
• Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
• Technologically proficient.

Why you’ll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following

Results - We are passionate about winning.

Agility - We proactively anticipate, respond and pivot to ensure MCU wins.

Integrity- We operate with the highest ethical standards and highest degree of honesty.

Belonging- We cultivate a culture of inclusion and teamwork.

Ownership- We take personal responsibility and hold ourselves accountable for the results.

What we can offer you:

Competitive compensation, medical and dental benefits.

401K with employer match

Flexible paid time off

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.

Municipal Credit Union (MCU) is an Equal Opportunity Employer.

Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.