What are the responsibilities and job description for the Vendor Risk Management Consultant position at TheStaffed?
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Our client, a top tier Management & Strategy Consulting firm is looking for an experienced Vendor Risk Management Consultant to join a top tier US Bank. This role is part of an enhancement project with the NIM Vendor Risk Management function, which serves as a second line of defense. We are looking for a seasoned professional to help develop and refine this function while supporting its ongoing evolution, and to design a purchasing department within NIM, which will serve as the first line of defense. The ideal candidate will have significant expertise in risk management and purchasing, ideally within financial services or other regulated sectors. Consulting experience, including process mapping and documentation, is a plus.
Qualification & Responsibilities:
· Collaborate with the VRM team to develop and enhance the Vendor Risk Management function.
· Design and implement a purchasing department to serve as the first line of defense within the bank.
· Write policies and procedures, handbooks, controls, metrics and training material appropriate for both lines of defense, inspired by or in collaboration with Natixis CIB’s VRM and US Purchasing departments.
· Help select suitable tools for both departments.
· Ensure all VRM and Purchasing processes align with industry standards and comply with regulatory requirements.
· Provide strategic guidance and support for the continuous improvement of VRM and purchasing functions.
· Communicate effectively with various levels within the organization, emphasizing stakeholder engagement.
· Utilize data analysis and reporting tools, particularly Microsoft Excel, to support project objectives.
· Maintain strong organizational and follow-up skills to ensure timely achievement of project milestones.
· At least 10 years of experience in a corporate setting.
· 5 years’ experience in Risk Management, preferably in Financial Services or other regulated industry, and at least part of this experience specifically in Vendor Risk Management.
· Adept at communication with all levels of an organization, with a focus on client service.
· Proficiency in Microsoft Office Suite
· Strong organization and follow-up skills, and the ability to manage multiple priorities effectively.
