Vendor Management Specialist

About the role

Our Strategic Sourcing and Vendor Management professionals work with business unit owners to support strategic third‑party initiatives and help mitigate existing, new, and emerging risks associated with contract negotiations and long‑term third‑party service provider relationship management. This role supports contracting and relationship management activities for third‑party service providers within Credit One Bank. The incumbent will work closely with Third‑Party Risk Management (2LOD), Legal, IT, Business Unit Owners, and Third‑Party Service Providers (TPSPs) to own and drive negotiations, manage third‑party service providers, and help the bank make purchasing decisions. The role also includes long‑term relationship management, conducting due diligence and risk assessments, performance monitoring, and control execution in accordance with established policies and procedures.

Responsibilities

• Support Third‑Party Risk contracting and relationship management activities for assigned Third‑Party Service Providers (TPSPs).
• Thoroughly evaluate and complete full assessments of new third‑party products and services to ensure all business units bank‑wide have a strong understanding of contracted products, aiming to reduce third‑party redundancy across the bank.
• Conduct routine and periodic risk assessments on assigned TPSPs in accordance with established frameworks and procedures.
• Prepare and maintain required Third‑Party Risk documentation, inventories, assessments, and tracking reports.
• Monitor contractual requirements, service level agreements (SLAs), and third‑party deliverables, serving as the central point of contact to communicate identified issues to bank stakeholders and executive leadership.

Requirements

• Bachelor’s degree in Finance, Economics, Business, Risk Management, or a related field.
• 2+ years of relevant experience in banking, financial services, insurance, risk management, vendor management, compliance, or a related discipline.
• Working knowledge of Third‑Party Risk Management principles, risk assessments, vendor due diligence, and control monitoring practices.
• Strong analytical and problem‑solving skills with the ability to evaluate information and identify potential risks.
• Ability to manage multiple assignments and prioritize work in a deadline‑driven environment.
• Strong written and verbal communication skills with the ability to collaborate across departments.
• Experience reviewing contracts, vendor documentation, and risk‑related materials.
• Proficiency in Microsoft Office applications, including Excel, PowerPoint, Word, and Visio.

Preferred Qualifications

• Advanced degree.
• Consumer credit card industry experience.
• Experience supporting Third‑Party Risk Management, Vendor Management, Compliance, Audit, or Operational Risk functions.
• Knowledge of banking regulations and compliance requirements related to vendor oversight.
• Project coordination or project management experience.

Company Overview

Credit One Bank, N.A. is a data‑driven financial services company based in Las Vegas. Founded in 1984, the bank offers a spectrum of credit card products for people in all stages of financial life.