What are the responsibilities and job description for the VP, Third Party Risk Management position at Axiom Bank?
At Axiom Bank, we encourage you to aim for the sky and leverage your expertise and passion to excel. We are a growing, dynamic organization this is an exciting time to get on board!
We believe in the value of promoting a healthy work/life balance and are committed to recognizing the role everyone plays in our ongoing success. We offer the following benefits to our Full Time Employees:
- 12 Paid Holidays
- Generous Paid Time Off
- 4% Match on our 401(k)
- Medical, Dental and Vision Benefits
- 100% Company Paid Life, AD&D Insurance, Short and Long Term Disability
Key Responsibilities and Accountabilities
- Develop the vendor management policy, program and procedures
- Facilitating vendor selection and contract negotiation processes
- Help and coordinate vendor processes with SMEs across the organization to approve vendors
- Continuously monitoring vendor risk even after the vendor contract is executed (e.g., develop SLAs with contract owners for critical vendors and monitor performance levels and periodically requesting and analyzing current due diligence)
- Maintaining a database of pertinent risk information pertaining to third parties, and communicating this data via consistent reporting to senior leadership, pertinent stakeholders and the board
- Ensure enterprise-wide needs for due diligence, risk assessment and continuing vendor monitoring are being accomplished.
- Troubleshoot all vendor problems and present to management as required.
- Identify and implement continuously enhance efficiencies associated with vendor management plus produce fulfillment.
- Collaborate with IT areas and Legal to assure vendor partners are effectively managed and contracts are completely leveraged.
Supervision of Personnel
- Up to 2 direct reports, including contract consultants.
Working Conditions
This position may be performed in a regular office work environment or remote. The position requires some physical activity in the maintenance of facilities and corporate office. Able to lift over 10 lbs. The incumbent will be expected to be able to work Monday through Friday; occasional evening and weekend work may be required. Flexibility with work location and hours may be granted if circumstances permit.
Travel
- Must be willing to travel to various locations for third party risk management due diligence if needed.
Qualifications Summary
Education
- High School diploma or equivalent required. Bachelors Degree in Business or related discipline preferred.
Experience
- Minimum 7 years of experience in vendor management. Experience in a financial services institution preferred.
Knowledge & Skills:
- Ability to serve as project leader
- Strong problem-solving skills
- Ability to work flexible schedules
- Strong attention to detail
- Strong customer service orientation
- Demonstrated negotiation skills
Other Duties - Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
(Reasonable accommodations may be made to enable individuals with disabilities to perform these tasks. If you need an accommodation, please contact us at hr@axiombanking.com)
Axiom Bank does not discriminate in employment opportunities or practices on the basis of any protected status. It is the policy of Axiom Bank to conduct background, credit reference and drug screening tests as a condition of employment. Drug Free Workplace. EOE/AA/Minority, Female, Disabled, Veteran
Axiom Bank is not seeking assistance or accepting unsolicited resumes from search firms for employment or contractor opportunities. Any resumes submitted without a valid contract will be considered the sole property of Axiom Bank and no fee will be paid.