Vendor Risk & Compliance Lead (Banking)

Fmbonline; Lodi (CA); On-site; USD 70,000 - 100,000; Full time

Job summary

F&M Bank of Central California is seeking an experienced Vendor Management Administrator in Lodi, CA to oversee the bank’s Third-Party Vendor Management Program and ensure service delivery aligns with policies, controls, and regulatory requirements. You will support risk management, vendor compliance, and due diligence activities within the Enterprise Risk Department.

The role involves managing the vendor lifecycle, contract reviews, performance tracking against SLAs, and collaboration with IT

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.
• Must be able to meet deadlines and maintain high levels of responsibility.
• Must have an above-average skill set with Excel, Word and database management.
• Professional designations such as CRVPM or SRM are a plus.

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.
• Managing vendor risk assessments, including financial, operational, cybersecurity, and compliance risks.
• Track and evaluate vendor performance against SLAs 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; elevate vendor issues and ensure timely resolution of service disruptions.
• Manage internal and external audits related to vendor management activities.
• Monitor concentration risk and ensure appropriate diversification of vendors.
• Report progress of the annual due diligence as required by the Bank’s VMP.
• Participate in other Risk Management projects, as assigned.

Skills

Vendor management

Contract review

SLA management

Regulatory understanding

Analytical skills

Communication skills

Excel

Word

Database management

Project management

CRVPM/SRM designation

Tools

Vendor management systems

Job description

F&M Bank of Central California is seeking an experienced Vendor Management Administrator in Lodi, CA to oversee the bank’s Third-Party Vendor Management Program and ensure service delivery aligns with policies, controls, and regulatory requirements. You will support risk management, vendor compliance, and due diligence activities within the Enterprise Risk Department.

The role involves managing the vendor lifecycle, contract reviews, performance tracking against SLAs, and collaboration with IT