Senior Contract Analyst

Description

NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions. 

Be part of Lafayette Federal Credit Union, recognized by USA Today as a Top Workplace for three consecutive years (2024–2026) 

We are expanding and looking for exceptional talent to support our members and contribute to our reputation as an employer of choice. Be a key player in our mission to become the premier financial partner for our community. Your skills and dedication are essential to our success.

Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Senior Contract Analyst to join our dynamic team! 

About us:

Our Difference: What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!

Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community. 

Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.

 About the role:  

Lafayette Federal Credit Union is currently seeking a Senior Contract Analyst who will be responsible for the analysis, administration, and oversight of the Credit Union’s contracts and third-party vendor relationships. This role ensures contractual agreements are structured to protect the Credit Union’s interests, support strategic business objectives, and maintain compliance with applicable legal and regulatory requirements.

The Senior Contract Analyst serves as a key partner within the Risk Management Division, providing expertise throughout the contract lifecycle, including contract review, negotiation support, vendor due diligence, performance monitoring, and ongoing agreement administration. This position helps ensure contracts and associated documentation are legally sound, financially favorable, and aligned with Credit Union policies and operational standards.

The role is responsible for supporting compliance with regulatory expectations established by the NCUA, FFIEC, CFPB, and Lafayette Federal Credit Union’s Third-Party Vendor Risk Management Policy. Additionally, the Senior Contract Analyst performs a variety of analytical, administrative, and technical functions to support the day-to-day management of the Credit Union’s vendor portfolio, helping to strengthen risk management practices, enhance vendor performance, and promote effective governance across the organization.

Requirements

Essential Functions

• Review, analyze, and administer contracts to ensure terms, scope of work, and obligations align with Credit Union objectives.
• Negotiate contract terms, payment structures, and document processes within established authority levels.
• Ensure compliance with Credit Union policies, procedures, legal requirements, and regulatory guidelines.
• Coordinate with business units to support contract execution, monitoring, renewals, and vendor performance management.
• Maintain accurate contract records and documentation within the NContracts Data Management System.
• Conduct vendor risk assessments and assist with ongoing risk monitoring activities.
• Prepare reports, support policy implementation efforts, and provide training and guidance to internal stakeholders.
• Collaborate with Legal Counsel, when necessary, regarding contract interpretation, negotiation, and risk mitigation.
• Perform due diligence reviews on prospective and existing vendors using LexisNexis, Dun & Bradstreet, the Better Business Bureau, SEC resources, and other research tools.
• Review, approve, and maintain vendor documentation, including contracts, amendments, renewals, insurance certificates, SOC reports, financial statements, proposals, and invoices.