Senior Vendor Risk Assessment Manager

Senior Vendor Risk Assessment Manager
The Senior Vendor Risk Assessment Manager oversees a team of vendor risk assessment managers and ensures the effective management of vendor risk throughout the organization. This individual will play a critical role in partnering with risk domain subject matter experts (SMEs), vendor risk managers, sourcing managers, and third-party vendors to ensure compliance with regulatory requirements and internal policies.

Key Responsibilities and Duties

• Manages the vendor risk management lifecycle, including risk assessments, due diligence questionnaires, new vendor onboarding, and intake processes.
• Develops and maintains vendor risk management tools, artifacts, and reporting capabilities to provide visibility into vendor risk exposure and ensure timely identification and mitigation of risks.
• Oversees the team of vendor risk managers, providing leadership, guidance, and support to ensure the effective management of vendor risk.
• Acts as a key point of contact for internal stakeholders and external vendors regarding vendor risk management issues and inquiries.
• Partners closely with risk domain SMEs, sourcing managers, and third-party vendors to develop and implement robust vendor risk management processes and procedures.
• Manages the performance of team through regular, timely feedback as well as the formal performance review process to ensure the delivery of exceptional services and the engagement, motivation, and development of the team.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 5+ Years Required; 7+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
8PL

Preferred Qualifications

• 5+ years of Vendor Program Management and Third-party risk experience
• Experience with the end-to-end third-party risk life cycle (including vendor risk assessments, due diligence, and ongoing monitoring)
• Experience working within the financial services industry or an industry that is heavily regulated.
• Great communication skills and detail-oriented

This position is Hybrid. Hybrid schedules require working in the office four days per week with one flexible day to work remotely.

Posting end date: 1/24/2025