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Vendor Management Officer
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$72,000 - $108,000 a year
Full-time
- The Vendor Management Officer is responsible for managing third-party vendor and business partner relationships of the Bank throughout their life cycle and ensuring the Bank maintains an effective Vendor Management Program in compliance with all applicable laws, rules, and regulations.
- Performs risk assessments and ongoing due diligence measures, reviews and writes related policies and procedures, makes recommendations to Senior Management when and where appropriate, and submits reports to the Risk Management Committee and the Information Technology Committee of the Board of Directors detailing the Bank’s vendor management risk-related compliance issues.
- Partners with Bank management to ensure that vendor financial, performance, risk, and compliance requirements are being met and remediates any gaps or deficiencies related to third-party service provider’s compliance management system or ability to comply with applicable laws, rules, and regulations.
- Works internally with information security, information technology, operations, internal audit, credit, compliance, and accounting to address liability, financial and operational risks that tie to vendor contracts.
- Manages the vendor onboarding and offboarding process, including due diligence, contract negotiation, and termination procedures.
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