VP 3rd Party Risk Management & Legal Counsel

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.

VP 3rd Party Risk Management & Legal Counsel

ACCOUNTABILITY STATEMENT

Reporting to the Deputy General Counsel, the position involves managing the review and negotiation of contracts on behalf of VyStar Credit Union and leading the 3rd Party Risk Management staff in order to meet the regulatory scrutiny requirements imposed on large, complex financial institutions; increasing the organizations' risk awareness and understanding of inherent 3rd Party Risk exposures and effective methods to mitigate those risks to an acceptable residual risk level; defining and implementing 3rd Party Risk Management Program related to the evaluation, selection and implementation of new 3rd Party relationships as well as risk assessment, due diligence and ongoing vendor management and monitoring activities for new and existing 3rd Party relationships; leading Merger & Acquisition due diligence and implementation activities as it relates to 3rd Party relationships and enhance risk-based decision-making processes by providing knowledge expertise and collaborating with business units in acquiring, retaining or terminating 3rd Party relationships in-line with strategic and financial objectives. In addition, a VP who is also an attorney will assist in reviewing, researching, and providing legal advice regarding all laws and regulatory regimes applicable to VyStar Credit Union and its subsidiaries. The position will help manage litigation, financial institution legal processes and disputes, including outside counsel, e-discovery requirements, budget management, and internal client impact.

ESSENTIAL JOB FUNCTIONS

• Lead and provide direct oversight of the 3rd Party Risk Management Department.
• Oversee and monitor the effectiveness of the 3rd Party Risk Management Program to ensure VyStar meets the elevated regulatory scrutiny requirements for a highly complex and large financial institution.
• Lead Merger & Acquisition due diligence and implementation activities as it relates to 3rd Party relationships and provide knowledge expertise and collaborating with business units in acquiring, retaining or terminating 3rd Party relationships in-line with strategic and financial objectives.
• Work collaboratively with project managers, business owners/executives in supporting and implementing various VyStar annual Business Plan Objectives that involve engaging or expanding upon 3rd Party relationships providing new or enhanced products, services, and/or technologies.
• Responsible for consolidation and organization of legal opinions, both formal and informal provided by outside and former legal counsel.
• Maintain understanding of key laws and proposed regulatory changes applicable to credit unions and other VyStar business entities.
• Participate in periodic reviews and risk assessments of entity compliance with federal, state, and local laws, regulations, and VyStar policies.
• Research and develop opinions on legal issues, pending legislation, and proposed and/or new regulations upon request.
• Provide legal opinions and recommendations to Executives and management as requested.
• Review and advise regarding company contracts, negotiations and new projects as requested.
• Manage litigation and participate in selection and maintenance of outside counsel relationships.
• Oversee intellectual property submissions, maintenance, and enforcement.
• Perform other duties as assigned.

VYSTAR EXCELLENCE

Incumbent is expected to demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of their job:

• Focus: Focus your full attention by carefully listening to and observing client or member.
• Connect: Consistently be friendly and approachable. Demonstrate your care.
• Understand: Listen empathetically and ask questions (70%/30% rule).
• Counsel: Recommend solutions based on your member's needs and objectives.
• Advance: Ensure that member's expectations were exceeded.
• Verify necessary follow-up actions.

JOB QUALIFICATIONS

Education & Experience

• Bachelor's Degree in business or a related field is required.

• A minimum of 8-10 years of experience in a 3rd Party Risk Management leadership role is required, including ability to assist business owners with researching vendors for particular products, systems or services, manage RFI/RFP and due diligence processes, perform risk assessments for new and existing 3rd Party relationships, perform contract negotiations, review/finalize contractual terms and agreements, perform ongoing monitoring and management of a large portfolio of 3rd Party relationships.
• Juris Doctor Degree from accredited institution preferred with minimum of six years corporate and commercial legal experience, preferably at a major law firm or in-house for a financial institution.
• Must have a minimum of 5 years of progressive experience leading teams, providing direct oversight and mentoring of assigned staff, which includes selection, training, counseling, evaluations and compensation decisions. Exhibit a true commitment to mentoring and developing others, continually promoting a strong sense of teamwork and ability to inspire a team to achieve high quality and productivity levels.

• Minimum of six years of corporate and commercial legal experience, preferable at a major law firm or in-house for a financial institution.
• Knowledge and ability to research and advise upon the statutory, regulatory, and legal requirements applicable to financial institutions and the subsidiaries that comprise the VyStar enterprise.
• Resume must demonstrate progressive experience leading teams, providing progressive oversight and mentoring of assigned staff, including selection, training, counseling, evaluation, and compensation decisions.

SKILLS

• Strong contract negotiation and drafting skills.
• Exceptional oral and written communication skills. Ability to work successfully with employees at all levels of the organization.
• Strong organizational, management, and problem-solving skills. Comfortable with uncertainty and change management requirements.
• Flexible approach to new projects, requirements, and workplace demands.
• Sense of humor.
• Proficiency in the use of personal computers.
• Must maintain required licenses or certifications.

BAR ADMISSIONS

• Admission to practice in Florida or Georgia preferred. Admission to practice law from state bar association required.

DISCLAIMERS 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.