Financial Contract Analyst

Join NASA Federal Credit Union

Contract Analyst, Third-Party Risk Management

At NASA Federal Credit Union, we’re more than just a financial institution; we’re a community dedicated to the financial well-being of those who serve the exploration of space and beyond. Join our team and contribute to a secure operational environment by ensuring strong vendor relationships and robust contract management.

Are you a detail-oriented professional with a knack for contracts and vendor risk management? We’re seeking an experienced Contract Analyst to play a crucial role in protecting our Credit Union and its members. This position is central to our Third-Party Risk Program (TPRP), involving close collaboration with stakeholders to navigate the complexities of vendor relationships from start to finish.

You will be instrumental in performing vendor risk assessments, conducting thorough due diligence, executing comprehensive contract reviews, ensuring ongoing vendor oversight, and contributing to program quality assurance. A key part of your role will involve managing the *entire* contract lifecycle – from initial review and negotiation through administration and eventual termination. Your expertise in applying risk best practices and understanding key financial regulations (like NCUA, FFIEC, PCI, SOC, BSA, and OFAC) as they relate to third-party risk and data protection will be essential.

What You’ll Be Doing: Your Core Responsibilities

This role offers a dynamic opportunity to contribute significantly to our operational resilience. Your responsibilities will evolve based on your experience level (Level I or Level II), encompassing a range of critical tasks:

As a Contract Analyst (Level I):

Uphold the highest standards by adhering to Credit Union policies and relevant financial regulations, including BSA and OFAC.

Develop and maintain working knowledge of third-party risk regulations pertinent to financial institutions and the required documentation for due diligence and oversight.

Support the administration of our third-party risk management software, assisting with procedures, training, and user access.

Coordinate the onboarding process for new vendor relationships, determining risk ratings and due diligence requirements in line with policy, federal regulations, and industry best practices.

Monitor, evaluate, and maintain essential vendor information and documentation, actively working with vendors to collect necessary details for initial and ongoing due diligence.

Assist in the identification, analysis, and documentation of vendor-related issues, gathering feedback from internal stakeholders.

Participate actively in vendor contract management, including review, status tracking, execution, and distribution of signed agreements.

Engage in vendor contract negotiations as assigned.

Contribute to enterprise-wide communications, reporting, and metrics related to the Third-Party Risk Program.

Support the business continuity efforts by tracking, measuring, and assessing third-party resiliency.

Assist with the Credit Union’s procurement process, focusing on the review, tracking, execution, and return of signed orders.

Support broader Risk Management department functions and contribute to other assigned projects.

Embody our core values in all interactions and responsibilities.

Taking on More (Level II responsibilities include all Level I duties, plus):

Serve as a key administrator for our third-party risk management software, managing procedures, training, and access.

Independently review and analyze complex contract terms and conditions, interpret requirements, and propose provisions and amendments that align with the Credit Union’s strategic and risk objectives.

Lead negotiations, modifications, extensions, terminations, and renegotiations for a variety of contracts, collaborating closely with management and stakeholders.

Analyze conditions requiring risk rating exceptions for third parties, providing clear summaries and documenting resolutions.

Offer expert guidance on contracts to proactively prevent disputes and safeguard the Credit Union’s financial interests and reputation.

Take lead responsibility in identifying, analyzing, and documenting vendor issues, gathering comprehensive stakeholder feedback.

Ensure the accuracy and integrity of Third-Party Risk Program data, developing insightful reports and metrics.

Coordinate the overall procurement process, including the review, tracking, execution, and return of signed orders.

What You’ll Need to Succeed: Qualifications & Attributes

Education & Experience:

For a Level I position:

Minimum of 3 years of experience in regulatory compliance and/or third-party risk.

A Bachelor’s degree from an accredited college in a relevant field is preferred.

Experience within a financial institution environment is preferred.

Prior experience with contract work is a plus.

For a Level II position (in addition to Level I requirements):

Minimum of 3 years of experience in regulatory compliance and/or third-party risk.

A Bachelor’s degree from an accredited college in a relevant field is preferred.

Experience within a financial institution environment is preferred.

Certification in this field, a paralegal or legal degree, or equivalent practical work experience is required.

Minimum of 1 year of experience specifically in contract work is preferred.

Your Personal Attributes:

Highly self-motivated and capable of working effectively as a self-starter.

Ability to quickly grasp and absorb new ideas and complex concepts.

Possess excellent analytical and problem-solving abilities.

Demonstrate strong organization and time management skills, working efficiently under deadlines.

Committed to continuous improvement.

Ability to effectively prioritize tasks and execute accurately, even in high-pressure situations.

Skilled at explaining complex information clearly and presenting ideas logically.

A natural ability to build strong, collaborative relationships with internal and external stakeholders at all levels.

Exceptional written, verbal, interpersonal, and presentation communication skills, capable of conveying intricate details precisely.

Keen attention to detail combined with strong problem-solving skills, enabling you to identify, analyze, and drive issues to resolution.

Possess strong business ethics and a proven ability to protect confidential and proprietary information.

Why Join the NASA Federal Credit Union Team?

We offer a comprehensive and competitive benefits package designed to support your well-being and professional growth. Eligibility for benefits is based on position type (Full-Time/Part-Time) and meeting plan requirements.

Full-Time Employee Benefits (Includes all Part-Time benefits):

Comprehensive Healthcare: Choice of two nationwide PPO Health Insurance plans (including a High Deductible plan with 100% employer contribution toward premium and HSA/FSA compatibility, and a Low Deductible plan with generous employer contribution and FSA compatibility). Insurance coverage begins the 1st day of the month following 30 days after hire.

Dental Insurance: Generous employer contribution toward premium.

Vision Insurance: Generous employer contribution toward premium.

Employer-Paid Long-term Disability Insurance.

Flexible Spending Accounts (Medical FSA and Dependent Care FSA).

Health Savings Account (HSA) option with the High Deductible Health Plan.

Voluntary Supplemental Life Insurance, Dependent Life Insurance, Short-term Disability Insurance, and Long-term Care Insurance options.

Potential for Remote or Remote / Hybrid work options, depending on the specific position requirements.

Part-Time Employee Benefits:

401(k) with employer match up to 6% and immediate 100% vesting.

Gain Sharing Bonus opportunity (eligibility rules apply).

Employer-Paid Life Insurance and AD&D.

Vacation Leave (excluding Outside Loan Officers).

Sick and Safe Leave.

11 Paid Holidays.

Education Assistance Program.

Employee Referral Bonus program.

Credit Union Membership Eligibility.

Employee Assistance Program (EAP).

Identity Theft Protection (with option to add family members).

Pet Health Insurance discounts.

Employee Discount Program.

Potential for Remote or Remote / Hybrid work options, depending on the specific position requirements.

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