Vendor Management Administrator

Vendor Management AdministratorRisk ManagementExempt Location(s): Lodi, CA$70k to $100k+ (Commensurate with experience and qualifications)F&M Bank of Central California is currently seeking an experienced Vendor Management Administrator.Position Overview: This position is primarily responsible managing the Third-Party Vendor Management function for the Bank. This includes providing oversight of the Bank's Vendor Management Program (VMP) and monitoring third-party vendor relationships to ensure services are delivered in compliance with bank policies, regulatory requirements, and contractual obligations. This role supports risk management, vendor compliance, and monitoring of vendors that provide critical services to the bank. The Vendor Management Administrator will play a pivotal role in the overall execution of the Bank's Vendor Management Program. This position reports to the Bank's Enterprise Risk Department and the Bank's VP, Risk and Control Manager. This role will also work with the VP, Risk and Control Manager with other Risk Management administrative functions.Position Responsibilities:Managing end-to-end vendor lifecycle, including vendor assessments, contract execution and documentation, performance monitoring, and offboardingEnsure vendor relationships comply with bank policies, internal controls, and regulatory requirements (e.g., OCC, FDIC, FFIEC guidelines if applicable)Managing vendor risk assessments, including financial, operational, cybersecurity, and compliance risksTrack and evaluate vendor performance against SLAs (Service Level Agreements) and KPIsWork with Senior Management, department managers, IT, and Risk teams during vendor selection and review processesReview contracts, amendments, and renewals in partnership with Senior and department ManagementMaintain accurate vendor inventory and documentation in vendor management systemsIdentify cost-saving opportunities and support vendor consolidation initiatives; escalate vendor issues and ensure timely resolution of service disruptionsManage internal and external audits related to vendor management activitiesMonitor concentration risk and ensure appropriate diversification of vendorsReport progress / results of the annual due diligence as required by the Bank's VMPParticipate in other Risk Management related projects, as assignedQualifications:BS/BA degree preferred2-7+ years' experience in vendor management, procurement, risk, or operations (banking/financial services preferred). Experience in quality control, risk management or internal audit would be helpful.Strong understanding of third-party risk management frameworksExperience with contract review and SLA managementFamiliarity with regulatory expectations for financial institutions is a plusStrong analytical and communication skillsProficiency in vendor management systemsStrong project management, teamwork, and analytical skillsMust have the ability to exercise good judgment and maintain high levels of responsibilityMust have the ability to meet deadlines, be detailed oriented, and have strong written and verbal communication skillsMust have an above average skill set with Excel, Word and database managementProfessional designations such as Certified Regulatory Vendor Program Manager (CRVPM), Supplier Relationship Management (SRM), or similar are a plusF&M Bank 121 West Pine Street, Lodi CA 95240We are an equal opportunity employer - This organization participates in E-Verify Farmers & Merchants Bank of Central California