Job Details
Contract
On-site
USD49 - USD51/hourly
Third Party Vendor Risk Management
New York, NY, US
Job Description
Looking for a Third\-Party / Vendor Risk Management (VRM) Specialist for a global financial services company in NYC.
This role is responsible for overseeing the client's Third\-Party / Vendor Risk Management program. VRM is a structured and independent function that helps the organization identify, assess, and manage risks associated with third\-party vendors. VRM aims to prepare for and control third\-party risks, while also preventing disruptions to business performance. The function is also responsible for leading risk assessments of vendors and associated services, including due diligence and documentation.
• Ability to manage an inventory of vendors and associated services.
• Facilitate onboarding of new vendors and conduct reviews of existing vendors.
• Facilitate, review, and challenge vendor risk assessments conducted by business and functional areas.
• Provide Monthly and Quarterly Risk Management reporting and Vendor Risk Management metrics
• Assist Firm by supporting and providing oversight to the first line of defense through various operational risk and third\-party / vendor risk programs.
• Responsible for understanding and assessing business and functional operations regarding Third\- Party / Vendor Risk, identifying issues, opportunities, and collaboration to discover appropriate solutions.
• Ensure effective implementation operational risk and third\-party / vendor risk management
• programs to identify, measure, monitor, manage and report risks.
• Assist in identifying and evaluating risk areas across the Firm's operational activities and the
• development of processes and controls to mitigate such risks.
• Maintain, develop, and prepare documentation for risk management; including risk policies, procedures, and reporting.
• Investigate root causes of operational risks and provide support to mitigate risk.
• Conduct training on third\-party risk management programs and policies.
• Provide regular management reporting and status updates on Third\-Party / Vendor Risk programs.
• Assist Legal department with Contract Management.
• Must have prior experience independently managing Third\-Party /Vendor Risk programs.
• Organizational skills with great attention to detail.
• Excellent written and verbal communication skills, with an ability to persuasively communicate complex issues.
• Must have excellent proficiency in MS Excel.
• Ability to analyze problems and formulate conclusions.
• Knowledge of Equity and Fixed Income Clearing, Securities Lending and Financing products is a plus.
• Within the defined area of responsibility ensure the following as it pertains to the position and where applicable:
Risk Management:
• Perform due diligence in daily job to monitor risks and to prevent risk events from
• occurring. Manage daily responsibilities within risk governance framework, and policies and procedures of the firm. Take responsibility for identifying and reporting any risks.
• Possesses the appropriate risk management and internal control capabilities/skill set for the position.
Compliance \& AML:
• Perform daily role in line with the Company's policies, procedures, WSPs and in compliance with applicable rules, laws and regulations to avoid and/or mitigate any regulatory risks.
Job Type: Contract
Pay: $49\.00 \- $51\.00 per hour
Experience:
• Risk management: 3 years (Required)
• Anti\-money laundering: 1 year (Required)
• Banking: 1 year (Preferred)
Ability to Commute:
• New York, NY 10019 (Required)
Work Location: In person