Vendor Analyst I Biloxi 5304

Keesler Federal Credit Union; Biloxi (MS); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Flexible Spending Accounts (Section 12

Job summary

Keesler Federal Credit Union seeks a Vendor Management professional to oversee vendor relationships, monitor performance, and support procurement analytics. The role requires strong analytical skills and experience in financial institutions, with a focus on risk and policy compliance.

You will collaborate with senior management, ensure contract terms are met, and help with risk assessments and due diligence documentation.

Qualifications

• Bachelor’s degree in business or related field preferred or equivalent combination of education and experience.
• Three to five years financial institution experience required.
• Vendor Management related experience preferred.

Responsibilities

• Manage relationships with vendors and business stakeholders and assist with issue escalations.
• Monitor vendor performance to ensure compliance with contracts and SLAs.
• Provide support analyzing procurement and vendor data and creating detailed reports.
• Risk-rate vendors and coordinate with Information Security for SOC adequacy.
• Maintain vendor records and assist with policy enforcement and continuous improvement.

Skills

Vendor Management

Risk Assessment

Analytical Skills

Stakeholder Collaboration

Education

Bachelor’s degree in business or related field

Job description

Pass Road Hqtrs
2602 Pass Road
Biloxi, MS 39531, USA

Description

JOIN THE KEESLER FEDERAL CREDIT UNION TEAM!

Keesler Federal Credit Union team membersenjoy competitive salaries and a wide range of benefits, some of which include:

• Medical, dental, and vision insurance
• Section 125 Flexible Spending Accounts for Health Care and Dependent Care expenses
• Employee and Dependent Life Insurance
• 401(k) Retirement Plan with 100% match on the first 5% contributed by you
• Tuition Reimbursement and Competitive Scholarships
• Short Term & Long Term Disability Benefits

WE CURRENTLYDO NOT SPONSOR WORK RELATED VISAS

Reports to: Director of the Vendor Management Office

FLSA: Non-Exempt

Summary:

This position will be responsible for managing relationships with vendors and business stakeholders. Assists with issue escalations and monitoring of vendor performance to ensure compliance with contracts and service level agreements. Serves as a subject matter expert for business functions, systems, policies and/or procedures. Provides support analyzing procurement and vendor data and providing detailed report. This position requires significant independent judgement and the ability to work effectively without constant supervision.

Supervisory Responsibilities:

None

Essential Functions:

• Inspect deliverables, budgets and financial statements, applicable license requirements, insurance, etc., to ensure vendors maintain key service provider status.
• Assist senior management in ensuring all ongoing monitoring components are updated to correlate with their review period dates. Ex. Risk assessments, due diligence documentation, performance reviews, and vendor classifications, etc.. to maintain an active vendor management database.
• Works directly with senior management to risk rate vendors using the defined Vendor Management methodology. For technology service providers, coordinate with Information Security to ensure Service Organization Controls in place are sufficient to mitigating risks.
• Maintain records of qualified vendors for services within assigned area of responsibility; escalation vendor risk and compliance issues to the appropriate entity.
• Acts as the second line of defense by providing expertise, support, monitoring, and challenge on third party risk related matters while overseeing the vendor lifecycle.
• Review contract terms and conditions, renewal/termination provisions and evaluate vendor performance to make and support recommendations.
• Support implementation, enforcement and continuous improvement of Vendor Management policies, procedures and guidelines.
• Review and audit vendor documents to ensure compliance with applicable federal and state laws, rules, regulations, and KFCU policies and procedures.
• Evaluate and interpret vendor documents and forward them to the appropriate departments for SME approval.
• Coordinate with the Project Management Department to support the establishment of new products and services to support all credit union departments.
• Manage the vendor contract database keeping it accurate and current.
• Maintains user access to all software platforms in place for vendor management.
• Resolve contractual and interpretive differences between vendors and business units by involving and external legal counsel.
• Prepare periodic verbal and written updates of the Vendor Management Program.
• Identify opportunities to consolidate services for cost savings.
• Maintain knowledge of applicable federal and state laws, rules, regulations, and KFCU policies and procedures.
• Assist with preparing vendor documents and reports for senior management meetings.

Other Duties and Responsibilities:

• Remains current on any changes and/or additions that may affect the Credit Union’s vendor management program.
• Performs other duties as may be assigned by Enterprise Vendor Manager.
• Continues professional development through self-training (books, periodicals, membership in professional groups, etc.), seminars, and in-house training sessions.

Knowledge and Skills:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:

Bachelor’s degree in business or related field preferred or equivalent combination of education and experience.

Experience and Other Requirements:

• Three to five years financial institution experience required.
• Vendor Management related experience preferred.
• Must be able to manage several priorities simultaneously, establish and meet deadlines, coordinate activities with other departments, and perform job with accuracy and attention to detail.
• Must possess in-depth analytical skills, as well as be able to evidence accuracy and attention to detail.
• Must be a self-starter and highly motivated.
• Working knowledge of applicable federal and state laws, rules and regulations.
• Working knowledge of banking/financial industry trends, products and services.
• Experience working with all levels of staff, management, stakeholders, and vendors.
• Experience managing multiple priorities independently and/or in a team environment to achieve goals.
• Effective skill exercising initiative and using good judgement to make sound