Senior Contracts Strategist

Responsible for identifying, remediating, and monitoring vendor risks associated with people, process and technology-related services provided to ICCU by vendors. Purchasing, facilitating contract reviews and negotiations to achieve overall cost reductions, manage vendor management program.

Duties and Responsibilities:

• Supervise assigned staff; assigning and directing work; orienting new employees; overseeing or conducting training; coaching; completing team responsibility for evaluating and appraising work.
• addressing complaints and resolving problems; taking disciplinary action; and ensuring quality of work.
• Drive continuous evolution of all Third-Party Risk Management processes .
• Play a Second Line-of-Defense role with respect to third party activities (Onboarding, Due Diligence, Monitoring, Termination Plans, Off-boarding)
• Maintain Third Party Risk Management document repository with up-to-date vendor information including contracts, agreements, assessments, insurance, scorecards, due diligence documentation, vendor policies and procedures, etc.
• Work with respective line of business to execute the third-party risk program and maintain the third-party risk repository. Document gathering, data – entry, creating analysis and risk related documents.
• Support the standardization of the third-party management framework. Recommend policy and procedure changes to improve ongoing controls and process.
• Generate and review third party reports to ensure adherence to contractual, client and regulatory guidelines. Review vendor information for completeness, prevent duplication, and ensure on-going data integrity of information
• Develop strong, collaborative relationships with key internal and external stakeholders to strategically develop, implement and optimize vendor management processes, tools and policies to achieve performance objectives.
• Support the execution of standard operating procedures to ensure due diligence activities are performed in a risk-based, efficient, appropriate, and effective manner. Assist with exit strategies and contingency plans for third parties.
• Responsible for the development and oversight of the vendor management program and related policies and procedures. Includes responsibility to evolve the program to ensure compliance and maximum effectiveness for the Credit Union.
• Oversee and administer purchasing function of Credit Union along with all related policies and procedures.
• Analyze vendor bid proposals and negotiate pricing while ensuring we are achieving the best overall value.
• Proactively direct all aspect of spend through vendor management, negotiations, and contract management.
• Provideexpertiseon information risks for new vendor products and services under considerationwhilereducing risk and fostering a strong risk management culture throughout the Credit Union.
• Recommend cost savings initiatives to reduce overall spend.
• Analyze and review contracts for risk and proper terms and conditions while understanding and upholding applicable regulations.
• Continuously improve service levels to both members and team members
• Manage team member suggestions as related to the job.
• Additional projects as assigned.
• Promote and market the Credit Union.

Qualifications:

Bachelor’s Degree or equivalent experience.
3-5 years purchasing experience preferred.

Ability to work well with other team members and departments. Ability toalways maintain the confidentiality of the Credit Union and member records.

Preferred skills:

Excellent written and verbal skills. Experience with contract review and negotiations and vendor relations. PC skills including Microsoft Office Suite.

Performance Standard:

High level of professionalism. A demonstrated ability to work well with others. A demonstrated cooperative and positive attitude…