VP - Vendor & Risk Management

1 month ago


Cottage Grove, United States Summit Credit Union Full time

At Summit Credit Union, we're dedicated to empowering our members, making financial management effortless, and adding a touch of fun to the mix We're on the lookout for a VP - Vendor & Risk Management to identify and manage vendor risks, ensuring they align with our credit union's risk tolerance. This position is responsible for our business continuity, incident response, and records management, safeguarding our operations and our members' and employees trust. Why Summit? Because here, your work is more than a job-it's an opportunity to help and connect with our community.

Expected Outcomes

  • Risks are proactively identified, managed in accordance with the credit union's risk tolerance, and effectively communicated in a timely manner.
  • Third-party agreements contain language necessary to manage our risk to an acceptable level, hold third-parties accountable for meeting our business requirements/service levels, and ensure compliance with regulatory requirements.
  • The Vendor Management, Business Continuity and Incident Response programs will be developed, maintained, and tested in alignment with industry guidelines to ensure regulatory compliance.
  • Records will be retained efficiently, securely, and in alignment with best practices and regulatory guidance.
  • Staff members have clear goals, receive constructive feedback, and receive necessary training and development.
  • Work is properly prioritized in a manner that meets/exceeds stakeholder expectations.
  • Collaboration exists with stakeholders to develop creative solutions for managing risk within the credit union's risk tolerance.
  • Relationships are fostered with internal and external stakeholders.
Capability Requirements
  • Bachelor's degree in finance, accounting, business administration, or related field. Juris Doctor (JD) degree preferred.
  • Minimum of 10 years of progressive experience in risk management, contract management, vendor management, or related field in the financial services industry.
  • Detail-oriented with the ability to analyze complex contractual documents and legal language.
  • Sound contract and business judgment; ability to assess risk and balance legal and business considerations.
  • Excellent working knowledge of contract law, concepts, and policies and procedures related to contract management
  • Knowledge of project management principles.
  • Ability to work independently and as part of team.
  • Ability to build and foster relationships with internal and external stakeholders.
  • Ability to multi-task and prioritize activities according to importance and urgency and meet deadlines.
  • Excellent organizational, time management, communication, interpersonal, and critical thinking skills.
  • Strong proficiency in Microsoft Office programs, such as: Word, Excel, PowerPoint, and Outlook.


The above information on this description has been designed to indicate the general nature and level of work performed by employees in this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all outcomes, responsibilities and qualifications required of employees assigned to this job.

Physical Demands of Position: While performing the duties of this position, the employee is required to sit, stand and walk, use hands and fingers. The employee occasionally must reach above and below shoulder level, and lift/push/pull and /or carry up to 10 pounds.

Environmental/Working Conditions: Works in a typical administrative setting with climate control and appropriate lighting. Travel to branches requires exposure to outdoor and traffic conditions.

Equipment Used: Variety of office equipment (telephone, printer, pc, mobile devices, etc.).

EEO Statement: At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit, and business need.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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