Vendor Manager – Third Party Risk Assessments
Are you collaborative, innovative, and enjoy visionary thinking? Are you a self-motivated individual who is hardworking with proven work history? Are you forward forward-thinking, creative individual who willingly takes ownership of complex and challenging initiatives? Then, Apply Now!
Working with one of the top financial clients, this role calls for a Vendor Manager – Third Party Risk Assessments who will facilitate phases of the Third-Party Risk Management Lifecycle, and ensure compliance with TPRM Policy, Standards and Framework. The successful candidate will be accountable and responsible for the timely completion of Third Party Inherent Risk Assessments for new/change third party relationships and other required assessments and deliverables, including review/approval from key stakeholders.
Responsibilities:
- Accountable and responsible for monitoring vendor performance and risk, via reporting/dashboards/governance routines
- Accountable and responsible for risk and issue management, escalating and tracking vendor issues per TPRM Issue management requirements, partnering with the business to drive remediation plans
- Manage and drive timely renewal of all contracts; Participate in/facilitate contract renewal and negotiation process, working with internal partners (Legal, Sourcing, Contracts) as well as business partners to ensure contracts and agreements maximize our values, meet business objectives, regulatory requirements, mitigate risks and meet client’s policies and standards.
- Possess a strong understanding of contractual terms and conditions, and their commercial implications to the business to effectively manage vendor agreements (s) and relationships (s) and ensure adherence to contractual requirements.
- Lead the assessment/development of SLA’s, standards, policies, procedures and compliance monitoring plans that maximize customer satisfaction, decrease risk and/or mitigate to the maximum of availability, efficiency and effectiveness.
- Collect/Review/Assess audit documentations (i.e. CSAE3416, SOC I/II) and determine next steps for remediation of gaps.
- Provide oversight to ensure organized storage of evidence of all activities for audit readiness.
- Provide oversight in support of invoice processing, ensuring procedures are in place, including billing, invoicing, rebates, performance/penalty adjustments and internal chargebacks, where appropriate.
- Closely monitor vendor spend (costs), proactively identifying opportunities to improve cost effectiveness and trends against budget forecasts.
- Maintain a strong understanding of the Bank's vendor management tools, including Enterprise Spend Portal (ESP), Enterprise Contract Management (ECM), Hiperos, etc.
- Maintain and ensure satisfactory Internal and External Audits & Compliance requirements are met
- Build/foster solid relationships and organizational alignment with our business, sourcing, legal and contract partners, ensuring communication channels exist, attending/facilitating meetings and participating in working sessions
- Provide effective day-to-day coaching and guidance to colleagues; share and teach best practices
- Act as the leader in administering change management, performance management and the talent pipeline for the development of the team
Desired Skill Set:
- 5 years of expertise in Vendor Management
- 5 years of strong exposure to Compliance/Regulatory
- Experience working in a regulatory environment. & understand governance, control & risk mgt. processes
- Ability to read and understand vendor contracts
- Hands-on experience with MS Suite
Nice To Have:
- Working knowledge of Ariba and Coupa Risk
- Experience working in the Banking / Financial Industry
BeachHead is an equal opportunity agency and employer. We advocate for you and welcome anyone regardless of race, color, religion, national origin, sex, physical or mental disability, or age.
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