Support the ongoing implementation of the vendor risk management (VRM) program to effectively handle vendor risks in alignment with internal policies and regulatory standards.
Establish a baseline for vendor risk by identifying potential exposure areas and aligning VRM strategies with the organization's goals and objectives.
Lead the evaluation of vendor risk through due diligence, develop mitigation plans, and collaborate with internal stakeholders to monitor vendor performance.
Work alongside Business, Procurement, Legal, and other teams to ensure that VRM requirements are clearly understood and timelines are managed effectively.
Assist in creating a communication and training plan to promote awareness and effective application of VRM.
Maintain workflow processes to ensure that data and system controls are sufficient, meet internal standards, and enhance current operations.
Enhance vendor risk reporting systems and track outcomes from vendor management initiatives.
Keep a schedule of ongoing and upcoming vendor due diligence reviews based on risk ratings and importance.
Provide visibility to business partners regarding existing and emerging risks.
Qualifications
Bachelor’s Degree in business or a related management field, such as supply chain management.
Minimum of 5+ years of experience in vendor risk management (experience in financial services is preferred).
Strong understanding of vendor risk management practices, including the lifecycle of risk identification, treatment, mitigation, acceptance, remediation, as well as inherent and residual risks.
Knowledge of laws, regulations, guidelines, and frameworks within the financial services sector that govern information security and risk management requirements.
Experience with risks associated with IT application development and infrastructure maintenance, IT security, business continuity and disaster recovery, and emerging technologies such as mobile platforms and cloud services.
Familiarity with ERP and CRM systems (Oracle, ServiceNow) and data visualization tools (Tableau).
Exceptional project management skills with the ability to oversee projects from inception to completion, including issue resolution.
Excellent verbal and written communication skills, complemented by sound business judgment.
Capable of prioritizing tasks and performing with urgency in a fast-paced, high-pressure, and dynamic environment.
Proven ability to balance efficiency and scalability with client satisfaction and a high-touch service delivery approach.
Experience in influencing mid to senior-level executives and in building and maintaining effective working relationships across various partners.