Vendor Risk Management Leader

LMCU; Grand Rapids (MI); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Weekly pay

Health coverage including medical, r1

Tuition reimbursement

Parental leave

Job summary

Lake Michigan Credit Union seeks a Vendor Management Manager to implement and maintain the credit union’s Third-Party Risk Management program. You will lead due diligence, ongoing monitoring, risk assessments, and reporting while coordinating with Risk Management, Compliance, IT, Legal, and business owners to manage third-party relationships.

The role focuses on mitigating risk exposures, expanding the vendor program, and ensuring compliance with regulatory expectations.

Qualifications

• 3–5 years of experience in financial services, risk management, vendor management, compliance, or related fields.
• High School Diploma required; college degree preferred but not required.
• Certifications (CTPRP/CRVPM) a plus but not required.
• Experience with vendor management platforms/process flows.
• Ability to manage multiple priorities and maintain discretion on confidential matters.

Responsibilities

• Lead enhancement of the third-party relationships process, including roles, escalation, and communication.
• Perform risk assessments for current and prospective third-party relationships.
• Conduct due diligence including contracts, SOC reports, information security, and business continuity.
• Track vendor risk ratings, due diligence status, and remediation items in the system.
• Oversee vendor onboarding, renewal, and termination per policy and regulatory expectations.
• Assist Risk Manager with projects and reports; present findings and recommendations.
• Supervise Vendor Management staff; ensure alignment with organizational goals.
• Compliance with laws including Bank Secrecy Act, Patriot Act, and OFAC.

Skills

Vendor risk management

Regulatory compliance

Risk assessments

Contract review

SOC reports

Education

High School Diploma

Bachelor’s degree preferred

CTPRP certification

CRVPM certification

Tools

Vendor management software

Job description

Lake Michigan Credit Union seeks a Vendor Management Manager to implement and maintain the credit union’s Third-Party Risk Management program. You will lead due diligence, ongoing monitoring, risk assessments, and reporting while coordinating with Risk Management, Compliance, IT, Legal, and business owners to manage third-party relationships.

The role focuses on mitigating risk exposures, expanding the vendor program, and ensuring compliance with regulatory expectations.