Acquisition Integration and Special Projects Manager
Job Description
At VyStar, we offer competitive pay, an excellent benefit package that includes a 401(k) Plan, an extensive paid technical and on-the-job training program, and tuition reimbursement--available to all full and part time employees. Part time positions start at a minimum of 30 hours per week.
We encourage you to become a part of VyStar Credit Union's family of employees.
Acquisition Integration and Special Projects Manager
ACCOUNTABILITY STATEMENT Responsible for management of the merger and acquisition integration of the 3rd party risk portfolios from target entities and VyStar's 3rd party risk portfolio. This position will act as a liaison with the Corporate Integration and Development team and all internal and external stakeholders to successfully integrate the 3rd party risk portfolios, reporting to the VP, 3rd Party Risk Management. Integration activities include 3rd party onboarding, contractual reviews, and termination facilitation to ensure we properly mitigate 3rd party risks and contractual liability to VyStar. This position will also support special projects within the 3rd party risk management department to support innovation and advancement of a compliant 3rd party risk management program, as assigned.
ESSENTIAL JOB FUNCTIONS:
- Responsible to support, merge, and/or transition the 3rd parties acquired from a target entity into the VyStar 3rd party risk portfolio.
- Liaise with the Corporate Development and Integration Team, Legal, and all stakeholders to successfully transition 3rd parties in accordance with the 3rd party risk management program practices.
- Review and outline terms and conditions of contracts associated with the due diligence, planning, and conversion phases of a merger and acquisition project.
- Facilitate termination activities to properly terminate relationships mitigating risk and liability to VyStar.
- Develop, implement, and maintain procedures for the merger and acquisition activities for the 3rd party risk management team for optimum efficiency.
- Design, implement, and maintain the M&A system requirements to create an efficient process for integration of the 3rd party risk portfolios between the entities.
- Report to the VP, 3rd Party Risk Management regularly on project progress for mergers and acquisitions and any special projects assigned.
- Coordinates and manages project integration activities with stakeholders during the integration process through completion of integration activities for the 3rd party portfolio.
- Manages onboarding, integration, and termination documentation and creation of 3rd party risk profiles for the merger and acquisition 3rd party portfolio.
- Leads the record retention transition efforts for all 3rd parties acquired or merged into the VyStar portfolio as part of the project.
- Remain apprised of 3rd party risk trends as well as trends and specific policies and regulations as they relate to mergers & acquisitions and state statutes affecting the 3rd party risk management program and apply applicable necessary changes to remain compliant with all laws and regulations through the proper approval processes.
- Serve as active participant in diligence of target entity to lead the evaluation of key issues, assessing integration challenges, and risks from a 3rd party risk perspective.
- Identify and understand existing 3rd party contractual arrangements, termination and/or consolidation of agreements, etc. to support the effective transition of 3rd party relationships.
- Other duties and projects as assigned.
VyStar Excellence Behaviors: Demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of the job.
- Focus - Focus your full attention by carefully listening to and observing your client or member.
- Connect - Consistently be friendly and approachable. Demonstrate you care.
- Understand - Listen empathetically and ask questions. (70%/30%)
- Counsel - Recommend solutions based on your client's or member's needs and objectives.
- Advance - Ensure that member's expectations are exceeded. Verify necessary follow-up action.
Job Knowledge, Skills & Abilities:
Maintain an understanding of VyStar's overall business plan objectives. Ability to review contracts and make recommendations to internal stakeholders to mitigate risk presented by 3rd Party relationships based on VyStar's risk appetite. Must possess a strong understanding of 3rd party risk management programs, systems, and concepts. Must possess a strong nature of collaboration and sharing of expertise/knowledge between all areas of the organization. Ability to present material and communicate effectively among all levels in the organization.
Annually, obtain necessary continuing education hours to maintain professional certifications, as applicable, and to continuously enhance individual knowledge. Intermediate proficiency in MS Office (Excel, PowerPoint, Word, Outlook, OneNote) and working knowledge of federal and state regulatory requirements as applicable to the 3rd party risk management function is required.
Education & Experience:
Either a Bachelor's Degree in business or a related field OR a minimum of 5 years of experience in a 3rd Party Risk Management role is required. 7 years' experience with reviewing 3rd party contracts and communicating contract terms and conditions to stakeholders is preferred. Familiarity with 3rd party risk management systems is preferred. 1-3 years of 3rd Party risk M&A (merger & acquisition) experience is preferred. Previous financial institution experience is preferred.
Behavioral/Leadership Skills:
Strong written and oral communication skills when interacting with management and employees throughout the organization and when interacting with 3rd parties and others external to VyStar, including an ability to create and foster collaborative relationships and communicate risk related concepts effectively. Demonstrate professional composure, objectivity and fairness when dealing with conflicts and sensitive matters. Display initiative, attention to detail/accuracy, strong organizational skills, the ability to multi-task and meet established deadlines. Exhibit sound professional judgment, problem-solving skills and due professional care in the quality of work produced. Contribute to the strong credibility and integrity of the overall ERM function. Exhibit a high level of ethical integrity, with the ability to maintain confidential and sensitive information appropriately. Exhibit a strong sense of teamwork and ability to collaborate with team members to achieve high quality and productivity levels.
DISCLAIMER AND WORK ENVIRONMENT
Nothing in this position description is an implied contract for employment. The position description is intended to be an accurate account of the essential functions. The functions are not all encompassing and are subject to change at any time by management.
The work environment characteristics described are representative of those that an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. As required or requested, may exert up to 20 pounds of force occasionally and/or a negligible amount of force constantly to lift, carry, push, pull or otherwise move objects.
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Date Posted
04/05/2023
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