Vendor Management Coordinator and BCP

This position can be Hybrid after 60-90 days in role meeting requirements. The selected applicant will need to be onsite 2-3 days per week.

Must reside within the state of Washington. 

The Vendor Management and Business Continuity Coordinator is responsible for overseeing the credit union's vendor management program and ensuring the continuity of business operations. This role involves managing third-party vendor relationships, conducting risk assessments, and developing and maintaining the business continuity plan (BCP).

Compensation:

Minimum $ 77,970

Maximum $ 111,385

Applicants with desired mix of knowledge, skills and abilities could anticipate $ $77,970 - $83,540

Conduct due diligence and risk assessments for new and existing vendors.

Review vendor contracts to ensure compliance with regulatory requirements.

Monitor vendor performance and manage vendor relationships to ensure service quality and compliance.
Maintain a comprehensive vendor management database and ensure all documentation is up-to-date.
Provide regular updates and report issues to the Vendor Management Committee.
Lead monthly Vendor Management meetings
Create monthly Vendor Management program status reports for the Vendor Management Committee including overall status of the program, including any outstanding concerns, pending new vendors and upcoming key contract renewals.
Ensure all vendor contracts and agreements comply with organizational policies and regulatory requirements.
Develop, implement, and maintain the credit union's Business Continuity Plan (BCP).
Coordinate regular business impact analyses (BIA) and risk assessments to identify critical business functions and potential risks.
Coordinate and conduct BCP testing and training for staff to ensure preparedness for business-interrupting events.
Collaborate with key stakeholders to ensure alignment of business continuity strategies with organizational goals.
Assist in the development, maintenance, and testing of the business continuity plan.
Update and manage business continuity documents, ensuring they are current and accessible.
Coordinate with various departments to ensure business continuity strategies are integrated and effective.

Conduct regular training and awareness programs for staff on business continuity procedures.

Bachelor's degree in Business Administration, Risk Management, or a related field or equivalent experience.
Five years’ experience in financial institution operations or support roles.
Experience in vendor management and business continuity planning, preferably within a financial institution
Strong understanding of regulatory requirements and compliance standards in the financial sector.
Excellent analytical, communication, and interpersonal skills.
Ability to manage multiple tasks and projects simultaneously.
Proficiency in using business continuity and vendor management software tools.
Must be bondable
 

Preferred Certification:

Certified Regulatory Vendor Program Manager (CRVPM) or similar certification.
 

Physical Considerations:

Must be able to effectively read, write, and listen as well as communicate verbally, electronically and in written form with employees, members, board members, vendors, and the general public as required.
May be asked to handle, move, and/or carry large boxes of supplies weighing up to 50 pounds.
May require stooping, bending, squatting, and reaching for limited periods of time.
May require sitting and standing for long periods of time