Full-Time
Vendor Risk Manager
TPI Staffing
No salary listed
Atlanta, GA, USA
In Person
Category
 Operations & Logistics (2) |
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Required Skills
Risk Management
Data Analysis
Requirements
- Advanced computer skills including Microsoft Office suite and other business related software programs.
- Relationship management skills and proven executive presentation skills.
- Ability to manage multiple complex projects and processes to completion.
- Excellent verbal and written communication skills.
- Proven analytical / problem solving skills and ability to work with cross-functional teams.
- Ability to deal with ambiguity and effectively manage change.
- Bachelor's Degree in Business or related field.
- Minimum 2 years related work experience in vendor management, vendor risk management, and/or strategic sourcing and procurement.
- Knowledge of applicable concepts, methodologies, and governance structures to manage risk programs.
Responsibilities
- Establish a baseline of vendor risk, identify areas of potential exposure, develop and align vendor risk management strategies with Client’s goals and objectives, and execute program ensuring consistency.
- Support the design and implementation of a common and consistent vendor risk management (VRM) program to effectively manage vendor risk in accordance with internal policy and Federal/State Regulatory requirements.
- Provide guidance to the business, Strategic Sourcing and other stakeholders to ensure requirements of VRM are fully understood.
- Support development and execution of a robust communication and training plan to facilitate the effective application and awareness of VRM.
- Maintain a structured internal governance framework, to ensure effective oversight of vendor risk and procurement compliance.
- Help ensure strong oversight of all vendors' risks and provide business partners visibility of existing and emerging risks.
- Continually reassess the operational risks associated with the function and inherent in the business.
- Present reporting of high risk vendor contracts and procurement high risks / ineffective controls and highlight vendor risks and the action planned to address inadequate controls to executive management.
- Lead assessment of vendor risk via pre-contract due diligence, develop mitigation plan and partner with internal stakeholders to monitor vendors.
- Prepare and complete annual risk assessments and assist with regulatory and accreditation audit preparation as needed.
- Partner with Business Units & internal support functions to help ensure that all risk assessment and mitigation requirements have been met; risk is monitored & mitigated throughout testing/ development/ implementation and use.
- Develop & maintain workflow processes to ensure data & system controls are adequate, meet internal baselines and optimize current processes to meet emerging risks.
- Support Vendor selection and contracting on major sourcing efforts and reassess the risks associated with a vendor relationship prior to the renewal of contract agreements.
- Serve as lead for monitoring risk incidents, remediation resolution including development and execution of corrective action plans, and ensure follow-on reporting and monitoring. Evaluate and process complaints, appeals and grievances.
- Collaborate with the business to develop disaster recovery and business continuity plans for high risk high exposure vendor relationships
- Identify and communicate departmental vendor risk issues and compliance problems.
- Work with Strategic Sourcing, Business Owners, SME to monitor and close all action items from risk assessment findings.
- Perform data analytics & reporting activities. Provide & maintain vendor risk reporting mechanisms, and track and report outcomes from vendor management activities. Collect, organize, and distribute reports & documents & recommend enhancements to reporting & audit tools
- Analyze, update, and modify procedures and processes to identify and continuously implement vendor risk management process improvements.
- Stay informed about the latest developments in the vendor risk management field.
- Serve as the subject matter expert in interpreting requirements and improve awareness of Operational Risks faced by Business from vendor failure/poor performance and work with Strategic Sourcing/Legal/Business to mitigate any losses through vendor compensation achieved through establishment of robust contracts.
- Perform any other job related instructions, as requested, with reasonable accommodation.