Pay Range: $68,000 - $83,300
Remote Eligible: Hybrid
We offer a pay-for-performance compensation program including bonuses for all employees and a competitive benefits package. See https://www.cuofco.org/careers for a high-level overview of our benefits package and bonus offerings.
General Purpose of the Position
Primarily responsible for supporting and administering the Credit Union's enterprise vendor procurement and governance program. This position serves as a centralized resource for vendor acquisition activities, Request for Proposal (RFP) administration, contract review coordination, procurement process management, and vendor lifecycle governance. The Vendor Procurement Analyst works collaboratively with business units, technology, compliance, legal & consulting resources, finance, and executive leadership to ensure vendor engagements align with organizational objectives, regulatory requirements, risk tolerance, and operational needs. This role supports the Vendor Procurement program in Risk Management by promoting consistency, transparency, efficiency, and accountability throughout the vendor lifecycle while helping to mitigate third party risks.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Administer and support the Credit Union enterprise vendor procurement and governance framework.
- Serve as the primary coordinator for vendor procurement activities, including intake, documentation, stakeholder communication, and workflow management.
- Facilitate and administer Request for Proposal (RFP), Request for Information (RFI), and Request for Quote (RFQ) processes.
- Assist business units in developing procurement requirements, scopes of work, evaluation criteria, and vendor selection documentation.
- Coordinate vendor evaluations utilizing standardized decision matrices and scoring methodologies.
- Support contract review and negotiation efforts by collaborating with vendors, legal counsel, compliance, technology, finance, risk management, and business stakeholders.
- Review contracts for organizational standards related to SLAs, performance expectations, termination provisions, renewals, indemnification, data protection, information security, disaster recovery, and regulatory requirements.
- Coordinate vendor due diligence activities, including financial reviews, risk assessments, regulatory compliance reviews, cybersecurity reviews, operational evaluations, etc.
- Maintain centralized records of vendor engagements, procurement decisions, contracts, renewals, approvals, and supporting documentation.
- Track vendor contract expiration dates, renewal timelines, performance obligations, and procurement milestones.
- Develop and maintain procurement process documentation, workflows, templates, standards, guidance materials, and reference tools.
- Assist in the development and continuous improvement of vendor governance policies, procedures, and controls.
- Create and maintain reporting related to third-party vendor activities, vendor inventories, RFP utilization, contract status, procurement metrics, and governance objectives.
- Conduct research on industry’s best practices, market trends, vendor capabilities, and procurement strategies.
- Participate in change delivery initiatives to ensure vendor procurement activities are integrated into project planning, budgeting, governance, and implementation efforts.
- Support examinations, audits, and regulatory reviews involving vendor management, procurement, third-party risk management, contracts, and governance practices.
- Perform other related responsibilities and activities assigned.
Requirements
Education and Experience
Bachelor's degree from an accredited four-year college or university plus three or more years of experience in vendor management, procurement, contract administration, third-party risk management, financial institution compliance, legal support, contract negotiation, supply chain management, project governance, or a related field. Experience within a credit union, financial institution, regulated industry, law firm, procurement office, contract administration environment, or applicable industry certifications (e.g., CRVPM, NCCO) strongly preferred.
Experience participating in contract negotiations, RFP administration, vendor due diligence, regulatory compliance reviews, procurement governance, or legal contract analysis is preferred.
Other Skills and Abilities
- Strong understanding of vendor management, procurement governance, contract administration, third-party risk management, and regulatory expectations.
- Working knowledge of credit union operations and financial institution regulations.
- Ability to review, interpret, and analyze legal agreements, service agreements, statements of work, and contract provisions.
- Strong negotiation, analytical, problem-solving, and decision-making skills.
- Excellent written, verbal, and presentation skills.
- Ability to build collaborative partnerships and influence stakeholders across multiple business functions.
- Experience developing reports, metrics, dashboards, and executive-level presentations.
- Proficiency with Microsoft Office products including Excel, Word, PowerPoint, and Visio or process mapping tools.
Physical Demands
While performing the duties of this job, the employee is typically required to sit for long periods. The employee continually is required to talk or hear. The employee is occasionally required to stand, walk, stoop and reach with hands and arms. The employee will occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Credit Union of Colorado is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, veteran status, or any other characteristic protected by applicable federal, state, or local laws.
Please note applicants can redact any information that identifies their age, birth date, or dates of schooling on either their resume or any additional materials provided.