27 days old

Third Party Risk Management Officer- Phoenix, AZ

OneAZ Credit Union
Phoenix, AZ 85027
  • Job Code


Our ideal candidate:

  • Is responsible for developing, implementing, and directing the credit unions overall Vendor Management (VM) program while performing daily vendor management activities in accordance with regulatory requirements and the credit unions goals
  • Leads and supports a sustainable Vendor Management Lifecycle (VML) process and proactively responding to all vendor management new and emerging risks that might affect the achievement of the credit union initiatives

Why join the OneAZ team?

Our culture is one-of-a-kind! Youll be joining a team of friendly, hardworking, helpful associates with the same mission guiding all that we do: We exist to improve the lives of our members, our associates and the communities we serve.

We are proud to be an equal opportunity employer and value diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

We offer robust benefits including low-cost medical, dental and vision plans, gym reimbursement, paid parental leave, generous personal days and vacation time, and an award-winning 401(k) program among many others.

Take a look at our career page for detailed benefit information: www.jobs.oneazcu.com

A typical day might include the following:

  • Leads an effective and compliant VM program and establishes strategic and operational plans to further the program across the credit union by providing insight and recommendations to the credit union Executive Leadership Team and their assigned business areas
  • Designs and executes VM policies and processes related to vendor monitoring and management needs across the entire Vendor Management Lifecycle (VML) and according to the VM and Enterprise Risk Management (ERM) framework
  • Develops and implements best vendor management practices to sustain transparency into all vendor residual risks from the point of initial contracting to the point of vendor termination while focusing on five key areas: contracts, performance, security, relationship, and risk
  • Oversees the credit unions vendor due diligence review process to ensure that business requirements and the credit unions VM program guidelines are met and appropriate level of risks assigned
  • Facilitates the resolving of any risk related issues, in coordination with business leaders that own the vendor / contract and subject matter experts such as Legal, Compliance, Finance, etc. and escalates any significant issues accordingly
  • Serves as a vendor monitoring and management subject matter expert and provides guidance to the credit union Executive Leadership Team, business owners/partners, and team members as appropriate
  • Performs various contract management responsibilities such as contract advice and guidance to business leaders for pre-procurement, contract and/or standard form agreements and related documentation reviews, routine correspondence with Legal, and contract documentation evaluation
  • Assists with drafting and review of contracts and RFPs and acts as a key team member in establishing negotiation tactics, targets, and minimum acceptable provisions for management approval of terms and conditions and pricing for all contracts and modifications
  • Assists with identification of third-party key risk indictors and monitoring protocols and performs assessment of cloud servicing arrangements to outline any risk arising from these third-party engagements
  • Leads and participates in the development of change management strategies as it relates to overall credit union vendor management program as well as manages the implementation of action plans
  • Establishes and maintains reporting accuracy and consistency in order to ensure SLAs are consistently met or exceeded in accordance with contractual obligations and vendors are achieving key business objectives
  • Produces and delivers reports to Executive Management to track productivity, quality and efficiency of third-party relationships
  • Serves as the key point of contact with the vendor for all contractual negotiation matters and primary liaison between vendor and internal departments for all matters affecting contract administration
  • Supports other team members and performs additional duties as required
  • Other duties as assigned
Education and/or Experience:
  • Five to eight years of experience in Risk Management, Vendor Management, Procurement, Contract Management, and/or Compliance within the financial services industry, preferably including leadership and management responsibilities
  • Four-year college degree in risk management, or related field of study

Additional Notes:
Candidates for this position will be required to sign an authorization for OneAZ to conduct a credit and criminal background check, pursuant to procedures in the Fair Credit Reporting Act and any other applicable laws.

All candidates will be considered for this position on an individualized basis, in compliance with all applicable equal employment opportunity laws.

Ensures compliance with applicable policies, laws, and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) compliance, USA Patriot Act, and Office of Foreign Assets Control (OFAC).

Any individual who meets the definition of a mortgage loan originator and is employed by a federal agency-regulated institution will need to be registered on NMLS.



Posted: 2020-10-30 Expires: 2020-11-30

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Third Party Risk Management Officer- Phoenix, AZ

OneAZ Credit Union
Phoenix, AZ 85027

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