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