Vendor Management Analyst

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This position is responsible for managing the vendor onboarding and renewal process by developing the process, obtaining and analyzing documents, risk rating of vendor relationships, maintaining vendor software, working credit union‑wide with all business units. In addition, the Vendor Management Analyst will serve as backup to the Business Continuity Plan Administrator, working with LGE staff in the maintenance and exercising (testing) of the overall business continuity and disaster recovery (DR) plans.

What You'll Do

• Develop and maintain policies, procedures, and risk assessments for vendor management
• Lead and oversee vendor relationships, contracts, and performance to align with business objectives
• Maintain and monitor third‑party vendor database, contract renewals and risk ratings
• Conduct ongoing, timely vendor due diligence reviews to include contract details and terms, financials, security standards and business continuity, dependent on vendor risk rating
• Review and update risk assessments on a scheduled basis as vendor relationships mature and change
• Coordinate onboarding of new vendors to include due diligence document gathering, legal review, financial reviews, security and business continuity review
• Regularly communicate with all lines of business on matters pertaining to vendor management
• Provide training as needed
• Develop documentation for complex subjects
• Ensure appropriate levels of security and confidentiality are maintained with contract details
• Provide applicable regulatory guidance through research of Federal and State resources
• Provide compliance assistance to projects team for new products and services
• Stay informed of changing regulations and industry trends
• Assist with Internal Audit reviews as needed through assessment of processes, documents and forms
• Serve as backup to business continuity communications software with up to date information surrounding operations, staff and testing
• Maintain familiarity with and follow all policies, procedures and processes which have been established to meet compliance requirements of all applicable federal regulations – including the Privacy Act, Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), Reg. CC and Patriot Act

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