Third-Party Vendor Risk Consultant

Ipro Networks Pte. Ltd. • New York, NY, United States • $200k - $250k / year • 3w ago

Job Title: Third Party Vendor Risk Consultant

Position Type: Contract, 12+ months
Locations: 5 days onsite at New York, NY, USA
Salary Range / Rate (Currency): $35/hr. to $40/hr. W2

Job Description:

DEPARTMENT RESPONSIBILITIES:

Third-Party / Vendor Risk Management (VRM) is responsible for overseeing the Financial Services 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.

ROLE RESPONSIBILITIES:

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 of 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.

JOB REQUIREMENTS:

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.

IntelliPro, a global leader in connecting individuals with rewarding employment opportunities, is dedicated to understanding your career aspirations. As an Equal Opportunity Employer, IntelliPro values diversity and does not discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, disability, or any other legally protected group status. Moreover, our Inclusivity Commitment emphasizes embracing candidates of all abilities and ensures that our hiring and interview processes accommodate the needs of all applicants. Learn more about our commitment to diversity and inclusivity at https://intelliprogroup.com/.

Compensation: The pay offered to a successful candidate will be determined by various factors, including education, work experience, location, job responsibilities, certifications, and more. Additionally, IntelliPro provides a comprehensive benefits package, all subject to eligibility.

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