Vendor Risk Management Lead

Lake Michigan Credit Union; United States; On-site; USD 110,000 - 140,000; Full time

Benefits offered by this job

Weekly pay

Comprehensive health coverage

Job summary

Lake Michigan Credit Union in Grand Rapids, MI is seeking a Vendor Management Manager to lead the Credit Union's Third-Party Risk Management program. You will guide vendor due diligence, ongoing monitoring, risk assessments, reporting, and coordination with stakeholders to ensure third-party relationships meet regulatory requirements, policy, and risk appetite.

You’ll partner with Risk Management, Compliance, IT and Legal, supervise Vendor Management staff, and drive remediation actions.

Qualifications

• Three to five years of experience in financial services, risk management, vendor management, compliance, audit, or related field.
• High School Diploma is required.
• College degree in business, finance, risk management, information systems, or related field preferred.
• Relevant certifications (e.g., CTPRP, CRVPM) are a plus but not required.
• Experience with vendor management platforms/process flows.
• Ability to handle multiple, simultaneous, and changing priorities; maintain discretion on confidential matters.

Responsibilities

• Lead third-party risk and due diligence processes, including roles, escalation, and communication.
• Perform risk assessments for current and prospective third-party relationships; evaluate inherent and residual risk.
• Conduct initial and ongoing due diligence activities, including review of contracts, SOC reports, information security docs, and business continuity plans.
• Track vendor risk ratings, due diligence status, and remediation items within the vendor management system.
• Oversee vendor onboarding, renewal, and termination processes per policy and regulatory expectations.
• Assist Risk Manager with various projects and reports; present findings.
• Run reports to completion and report findings and suggestions.
• Supervise and support Vendor Management staff; manage performance, onboarding, and evaluations.
• Adhere to laws and regulations including BSA, Patriot Act, and OFAC compliance.

Job description

Lake Michigan Credit Union in Grand Rapids, MI is seeking a Vendor Management Manager to lead the Credit Union's Third-Party Risk Management program. You will guide vendor due diligence, ongoing monitoring, risk assessments, reporting, and coordination with stakeholders to ensure third-party relationships meet regulatory requirements, policy, and risk appetite.

You’ll partner with Risk Management, Compliance, IT and Legal, supervise Vendor Management staff, and drive remediation actions.