Senior Contracts Strategist

ICCU; Chubbuck (ID); On-site; USD 70,000 - 100,000; Full time

Job summary

ICCU in Idaho is seeking a Vendor Risk Manager to identify, remediate, and monitor vendor risks across people, process and technology services. This role will oversee the third-party risk program and negotiate contracts to achieve cost reductions while ensuring regulatory compliance for ICCU members.

You will supervise staff and drive standardization of vendor management processes. You will collaborate with business lines to gather data, maintain vendor records, and support ongoing controls,

Qualifications

• Bachelor's degree or equivalent experience.
• 3–5 years purchasing experience preferred.
• Ability to maintain confidentiality of member records.
• Excellent written and verbal communication skills.

Responsibilities

• Identify, remediate, and monitor vendor risks across people, process and technology services.
• Supervise assigned staff and direct work; train and coach team members.
• Drive evolution of Third-Party Risk Management processes.
• Perform contract reviews and negotiations to achieve cost reductions.
• Support standardization of vendor management framework and procedures.
• Develop relationships with stakeholders to optimize vendor processes.

Skills

Contract negotiation

Vendor relations

Communication skills

Education

Bachelor's Degree or equivalent experience

Tools

Microsoft Office Suite

Job description

Responsible for identifying, remediating, and monitoring vendor risks associated with people, process and technology-related services provided to ICCU by vendors. Purchasing, facilitating contract reviews and negotiations to achieve overall cost reductions, manage vendor management program.

Duties and Responsibilities:

• Supervise assigned staff; assigning and directing work; orienting new employees; overseeing or conducting training; coaching; completing team responsibility for evaluating and appraisingwork.
• addressing complaints and resolving problems; taking disciplinary action; and ensuring quality of work.
• Drive continuous evolution of all Third-PartyRiskManagementprocesses.
• Play a Second Line-of-Defense role with respect to third party activities (Onboarding, Due Diligence, Monitoring, Termination Plans, Off-boarding)
• Maintain Third Party Risk Management document repository with up-to-date vendor information including contracts, agreements, assessments, insurance, scorecards, due diligence documentation, vendor policies and procedures, etc.
• Work with respective line of business to execute the third-party risk program and maintain the third-party risk repository. Document gathering, data – entry, creating analysis and risk related documents.
• Support the standardization of the third-party management framework. Recommend policy and procedure changes to improve ongoing controls and process.
• Generate and review third party reports to ensure adherence to contractual, client and regulatory guidelines. Review vendor information for completeness, prevent duplication, and ensure on-going data integrity of information
• Develop strong, collaborative relationships with key internal and external stakeholders to strategically develop, implement and optimize vendor management processes, tools and policies to achieve performance objectives.
• Support the execution of standard operating procedures to ensure due diligence activities are performed in a risk-based, efficient, appropriate, and effective manner. Assist with exit strategies and contingency plans for third parties.
• Responsible for the development and oversight of the vendor management program and related policies and procedures. Includes responsibility to evolve the program to ensure compliance and maximum effectiveness for the Credit Union.
• Overseeand administerpurchasing functionof Credit Union along with all related policies and procedures.
• Analyze vendor bid proposalsand negotiate pricingwhile ensuring we are achieving the best overall value.
• Proactively direct all aspect of spend through vendor management, negotiations, and contract management.
• Provideexpertiseon information risks for new vendor products and services under considerationwhilereducing risk and fostering a strong risk management culturethroughout the Credit Union.
• Recommend cost savings initiatives to reduce overall spend.
• Analyze and review contracts for risk and proper terms and conditions while understanding and upholding applicable regulations.
• Continuously improve service levels to both members and team members
• Manageteam member suggestions as related to the job.
• Additional projects as assigned.
• Promote and market the Credit Union.

Qualifications:

Bachelor’s Degree or equivalent experience.3-5 years purchasing experience preferred.Ability to work well with other team members and departments. Ability toalways maintain the confidentiality of the Credit Union and member records.

Preferred skills:

Excellent written and verbal skills. Experience with contractreview andnegotiations and vendor relations. PC skills including Microsoft Office Suite.

Performance Standard:

High level of professionalism. A demonstrated ability to work well with others. A demonstrated cooperative and positive attitude toward members and other Credit Union staff. Dedicated to serving our internal members and holding team accountable for the Credit Union’s service standard. Must be willing to comply with the Bank Secrecy Act and USA Patriot Act as implemented by ICCU.

Physical Requirements:

• Perform tasks requiring manual dexterity (processing paperwork, filing, stapling, sorting, collating, typing, counting cash, etc.).
• Sit for extended periods of time.
• Lift 20-40 pounds of applicable supplies including but not limited to copy paper, cash drawers, marketing material, etc.
• Repetitive motion using wrists, hands, and fingers.
• Reach keyboards.
• Ability to operate basic office machines (calculator, computer, telephone, copy machine, fax machine, etc.).

The above statements reflect the general details considered necessary to describe the essential functions of the job and should not be construed as a detailed description of all the work requirements that may be inherent of the job.

Must be eligible for membership at ICCU to obtain employment.

ICCU is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, age, disability, protected veteran status or other characteristics protected by law.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.