Job Abstract
Responsibilities include, but are not limited to: Review third party vendor risk assessments to identify quality of risk mitigation controls and work with the Contract Owners / Relationship Managers to address deficiencies. Additionally, work with Subject Matter Experts (SMEs) to evaluate vendor responses. Analyze data and assess financial, anti-corruption, reputational and OFAC risks in order to identify impacted business departments, cross-department processes, and facilitate communications an... more details
- Review third party vendor risk assessments to identify quality of risk mitigation controls and work with the Contract Owners / Relationship Managers to address deficiencies. Additionally, work with Subject Matter Experts (SMEs) to evaluate vendor responses.
- Analyze data and assess financial, anti-corruption, reputational and OFAC risks in order to identify impacted business departments, cross-department processes, and facilitate communications and ongoing implementation support with affected parties.
- Work with Contract Owners / Relationship Managers as necessary including follow-ups to ensure all risk assessments are completed in accordance with VMO policy.
- Provide recommendations and best practices to Contract Owners / Relationship Managers pertaining to vendor management processes, activities and requested actions.
- Maintain and enhance where applicable the reporting framework to monitor, measure and report on vendor performance compared to contractual obligations and industry standards.
- Provide initial and on-going due diligence review on third party vendors to ensure risk are identified and applicable standards, and Vendor Management Office (VMO) policies are being followed.
- Collaborate with other SMEs to review third party vendor related risks and address findings and/or systemic issues with the third-party vendor, and, as applicable, request process improvements and/or changes.
- Identify, track and report third party vendors requiring onsite assessments, work with the Contract Owners / Relationship Managers to schedule the same, draft necessary documents and participate onsite assessments.
Required Skills:
- Experience in stakeholder engagement at different levels of an organization.
- Highly detail oriented and critical thinking skills.
- Working knowledge of risk management best practices and/or principles.
- Ability to effectively respond to shifting priorities and assignments.
- Well-organized and detail oriented.
- Ability to meet deadlines and expectations with little or no supervision.
- Excellent oral and written communication skills.
- Ability to effectively respond to shifting priorities and assignments.
- Proficient PC skills in Microsoft Office suite -- Word, Excel, and PowerPoint.
Required Experience:
- Bachelor's Degree in Business, Finance, Economics, Statistics, or related business degree and a minimum of 5 years of experience in vendor risk management, operational/enterprise risk management, or related risk management experience.
