What are the responsibilities and job description for the Third Party Vendor Risk Director- Investment Bank position at Hudson Gate Partners?
Our client a top Investment Bank with over 100,000 employees is seeking a Director for their Vendor Risk Management Team.
Serve as third party vendor risk subject matter expert for functional areas within the division and effectively represent cross functional VRM objectives.
Maintain a structured internal governance framework, to ensure effective oversight of third-party vendor risk and process compliance.
Partner with Audit, Compliance, Enterprise Information Security, Legal, Finance, Accounting, etc to identify and implement controls and processes to effectively assess ongoing third-party vendor risk management.
Maintain tools and repositories to calculate, score, and / or record vendor ratings and documents. Manage collection of supporting documentation (evidence) for third party vendor risk analysis and serve as a member of the Senior Management Team to influence and support initiatives
Prepare reports, materials and assessments for internal audit and regulatory exams, third party reviews, Bank committee meetings, and the Board of Directors, as necessary.
Ensure the vendor risk profile is validated or updated at the conclusion of each assessment—or on a more frequent basis for higher risk third parties.
Identify engagement risks and ensure appropriate remediation plans are developed.
Ensure risk reviews are completed and verify that the required governance, policies, processes and controls are in place at third party locations and are consistent with the terms of written agreements, where required.
Regularly interact with Internal Audit, Operational Risk. Compliance and Bank regulators.
Oversee a rigorous schedule of vendor assessments (including ownership of initial drafts, in partnership with contract managers) and ensure a summary opinion regarding the nature of vendor performance is rendered and supported, along with the identification of any critical vendor risk issues.
Must have 15 years of experience in vendor risk management and strategy
BS Degree or higher
Financial services experience within a large institution
Hybrid 4 days a week in the office, 1 day remote
160-$210K bonus
Salary : $160,000 - $210,000
