Vendor Risk Manager

Job Title: Vendor Risk Manager
Job Location: Atlanta, GA
Contract Duration: 7+ Months (Contract to hire)

Required Skills:
• Advanced computer skills including Microsoft Office suite and other business related software programs
• Relationship management skills and proven executive presentation skills
• Ability to manage multiple complex projects and processes to completion
• Excellent verbal and written communication skills
• Proven analytical / problem solving skills and ability to work with cross-functional teams
• Ability to deal with ambiguity and effectively manage change

Responsibilities:
• Establish a baseline of vendor risk, identify areas of potential exposure, develop and align vendor risk management strategies with Client’s goals and objectives, and execute program ensuring consistency.
• Support the design and implementation of a common and consistent vendor risk management (VRM) program to effectively manage vendor risk in accordance with internal policy and Federal/State Regulatory requirements.
• Provide guidance to the business, Strategic Sourcing and other stakeholders to ensure requirements of VRM are fully understood.
• Support development and execution of a robust communication and training plan to facilitate the effective application and awareness of VRM.
• Maintain a structured internal governance framework, to ensure effective oversight of vendor risk and procurement compliance.
• Help ensure strong oversight of all vendors' risks and provide business partners visibility of existing and emerging risks.
• Continually reassess the operational risks associated with the function and inherent in the business.
• Present reporting of high risk vendor contracts and procurement high risks / ineffective controls and highlight vendor risks and the action planned to address inadequate controls to executive management.
• Lead assessment of vendor risk via pre-contract due diligence, develop mitigation plan and partner with internal stakeholders to monitor vendors.
• Prepare and complete annual risk assessments and assist with regulatory and accreditation audit preparation as needed.
• Partner with Business Units & internal support functions to help ensure that all risk assessment and mitigation requirements have been met; risk is monitored & mitigated throughout testing/ development/ implementation and use.
• Develop & maintain workflow processes to ensure data & system controls are adequate, meet internal baselines and optimize current processes to meet emerging risks.
• Support Vendor selection and contracting on major sourcing efforts and reassess the risks associated with a vendor relationship prior to the renewal of contract agreements.
• Serve as lead for monitoring risk incidents, remediation resolution including development and execution of corrective action plans, and ensure follow-on reporting and monitoring. Evaluate and process complaints, appeals and grievances.
• Collaborate with the business to develop disaster recovery and business continuity plans for high risk high exposure vendor relationships
• Identify and communicate departmental vendor risk issues and compliance problems.
• Work with Strategic Sourcing, Business Owners, SME to monitor and close all action items from risk assessment findings.
• Perform data analytics & reporting activities. Provide & maintain vendor risk reporting mechanisms, and track and report outcomes from vendor management activities. Collect, organize, and distribute reports & documents & recommend enhancements to reporting & audit tools
• Analyze, update, and modify procedures and processes to identify and continuously implement vendor risk management process improvements.
• Stay informed about the latest developments in the vendor risk management field.
• Serve as the subject matter expert in interpreting requirements and improve awareness of Operational Risks faced by Business from vendor failure/poor performance and work with Strategic Sourcing/Legal/Business to mitigate any losses through vendor compensation achieved through establishment of robust contracts.
• Perform any other job related instructions, as requested, with reasonable accommodation.

Education & Experience
• Bachelor's Degree in Business or related field
• Minimum 2 years related work experience in vendor management, vendor risk management, and/or strategic sourcing and procurement required
• Knowledge of applicable concepts, methodologies, and governance structures to manage risk programs

Additional Information

Ishan Sharma

Tech Providers, Inc.

(404) 594-6193