Vendor Risk Associate

4 weeks ago


Topeka, United States The Rockridge Group Full time
Job DescriptionJob DescriptionVendor Risk AssociateABOUT THE POSITION:This position will support the identification, vetting, and contracting process with regards to vendor / supply chain risk issues and will report to the Head of Vendor Risk Management.Key categories of vendor risk management include:
  • Due Diligence
  • Monitoring
  • Managing
  • Mitigating
SPECIFIC RESPONSIBILITIES INCLUDE:
  • Review supplier initial due diligence materials (Compliance, IT Security, Financials)
  • Identify potential issues and establish appropriate follow up steps for uncovered issues
  • Monitor and report on any supply chain risk incident occurrences for critical vendors
  • Assist business owners and SSEM team members with vendor on-boarding; screening, risk assessments, etc.
  • Document the completion and acceptance of these actions
  • Create and conduct training for business owners on standards and practices associated with vendor / supply chain risk management
  • Manage routine supplier risk evaluation schedule; track contract renewals and expiration dates for existing contracts, insurance certificates, risk remediation status, etc.
  • Monitor and manage all supplier alerts provided by third party information services
  • Respond to and advise management of risk alerts, potential impacts of the risk alert and suggest corrective course of action to mitigate the impact of the risk incident
  • Maintain and update a supplier risk management database containing risk assessments, risk incidents, risk incident disposition, etc.
  • Leverage all available sources of risk information
  • Develop a deep knowledge of all applicable regulatory requirements regarding the monitoring and managing of third-party risk
  • Assist with the creation, implementation, and revisions of policies and procedures and associated governance models related to vendor/ supply chain risk management
  • Liaising with key organizational constituents to understand and document specific business requirements related to supply chain risk management
  • Maintain an audit ready status of the vendor management function
SKILLS & EXPERIENCE REQUIRED:
  • Bachelor’s degree
  • Minimum of 2 years direct working experience in managing vendor / supply chain risk
  • Experience in working with both internal and external auditors and compliance managers
  • Expertise in monitoring and managing key supplier risk, compliance and audit objectives
  • Excellent analytical skills and problem-solving capabilities
  • Team player who can collaborate across multiple functional areas
  • Individual who is results driven and who constantly raises the bar
  • Excellent communicator who can write and speak clearly, concisely, and convincingly
  • Self-starter capable of designing and implementing processes and controls
  • Working knowledge of key regulator monitoring and managing requirements of third-party suppliers

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