Vendor Risk & Compliance Administrator

Farmers & Merchants Bank of Central California; Lodi (CA); On-site; USD 70,000 - 100,000; Full time

Job summary

Farmers & Merchants Bank of Central California seeks an experienced Vendor Management Administrator to oversee the Bank's Vendor Management Program and third-party relationships. The role ensures compliance with policies, controls, and regulatory expectations while supporting risk and vendor monitoring functions.

The position reports to the Enterprise Risk Department and the VP, Risk and Control Manager, collaborating with IT, department managers, and risk teams to assess vendors, manage

Qualifications

• 2-7+ years' experience in vendor management, procurement, risk, or operations (banking/financial services preferred).
• Strong understanding of third-party risk management frameworks.
• Experience with contract review and SLA management.
• Familiarity with regulatory expectations for financial institutions is a plus.
• Strong analytical and communication skills.
• Proficiency in vendor management systems.
• Strong project management, teamwork, and analytical skills.

Responsibilities

• Managing end-to-end vendor lifecycle, including vendor assessments, contract execution and documentation, performance monitoring, and offboarding
• Ensure vendor relationships comply with bank policies, internal controls, and regulatory requirements (e.g., OCC, FDIC, FFIEC guidelines if applicable)
• Managing vendor risk assessments, including financial, operational, cybersecurity, and compliance risks
• Track and evaluate vendor performance against SLAs (Service Level Agreements) and KPIs
• Work with Senior Management, department managers, IT, and Risk teams during vendor selection and review processes
• Review contracts, amendments, and renewals in partnership with Senior and department Management
• Maintain accurate vendor inventory and documentation in vendor management systems
• Identify cost-saving opportunities and support vendor consolidation initiatives; escal ...
• Manage internal and external audits related to vendor management activities
• Monitor concentration risk and ensure appropriate diversification of vendors
• Report progress / results of the annual due diligence as required by the Bank's VMP
• Participate in other Risk Management related projects, as assigned

Skills

Vendor management

Risk management

Contract review

SLA management

Excel

Communication

Project management

Regulatory understanding

Tools

Vendor management systems

Excel

Word

Database management

Job description

Farmers & Merchants Bank of Central California seeks an experienced Vendor Management Administrator to oversee the Bank's Vendor Management Program and third-party relationships. The role ensures compliance with policies, controls, and regulatory expectations while supporting risk and vendor monitoring functions.

The position reports to the Enterprise Risk Department and the VP, Risk and Control Manager, collaborating with IT, department managers, and risk teams to assess vendors, manage