Third Party Risk Specialist

Connexus Credit Union - Who We Are:

Serving members across all 50 states, Connexus Credit Union is a member-focused cooperative that is proud to return profits to member-owners through high yields for checking accounts and deposit products, as well as competitive rates on our loans. We are a remote first employer with the majority of our employees residing in the upper Midwest.

As an employer we foster collaboration and high performance to achieve excellence. We holistically care for and develop our employees to thrive personally and professionally. We are proud to share our success with our employees and those we serve.

Connexus offers an Amazing Benefits package:

• 25 days of paid time off and 7 paid holidays

• 16 hours of paid Volunteer Time Off

• 401K Retirement with up to 6% employer match

• Excellent Health, Dental, Vision insurance, including multiple plan options

• Health Savings Account with generous employer contributions

• Employer paid Life insurance, Short-Term and Long-Term Disability

• Tuition Reimbursement from $4,000 - $7,000 per calendar year

• Robust Learning and Development program that includes an annual professional development stipend

Responsibilities:

• Support the Maturity of the Third-Party Risk Management Program by providing recommendations and helping to provide strategy deliverables.

• Provide periodic reports to management and stakeholders.

• Manage vendor reviews with the TPRM team that may or may not fit into a defined program.

• Own the completion of the business and vendor review process while managing the entirety of the vendor lifecycle, which includes vendor risk classification, due diligence review, contract negotiation, ongoing monitoring, and termination.

• Evaluate third parties as a subject matter expert in the areas of operation, fourth parties, compliance, tech risk, financials, and reputation for compliance to company standards, TPRM policies, and Federal regulations.

• Utilize and work to enhance TPRM technology to follow the due diligence process and escalate issues and concerns (e.g., oversight deficiencies, program concerns, and open risk items).

• Develop solutions for remediation of identified risks and be able to document and speak to those mitigants.

• Complete formal written risk assessment of vendors and communicate risk assessment findings to Procurement, business line owners, Legal and other pertinent stakeholders.

• Read and understand contractual agreements to ensure identified risks comply with the Company's policies and procedures, legal, and regulatory requirements, and financial control guidelines.

• Establish good peer relationships and foster collaboration with internal and external stakeholders to provide top tier customer service.

• Managing the vendors to gather all of the information, working with the vendor and the relationship manager, and quarterly reviews with the vendors.

Position Requirements:

• This position is Remote.

• Bachelor’s Degree, or commensurate experience is Required.

• 1+ year of experience working as a third party risk associate, third party risk specialist, contract or vendor management is Required.

• Prior financial regulatory and supervisory expectations in risk area is Required.

• Experience in contract management, being able to read a contract and understand and communicate contractual provisions and the impact to risk is Required.

Connexus Credit Union's Recent Recognitions:

• 5 Best Credit Unions of 2024 – Nerdwallet

• The Best Credit Unions of 2024 – Bankrate

• Best Credit Union for using Any ATM - The Balance

Equal Opportunity Employer/Disabled/Veterans/41 CFR 60–1.4, 41 CFR 60-1.35