Supplier Risk Management
Hire IT People, LLC
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Job Responsibilities:
Program Development and Management. Provide leadership, strategic direction, oversight and management of the bank’s supplier risk management program in collaboration with bank business units. Responsible for risk management of all bank suppliers including compliance, scheduling, and issue reporting and remediation. Lead all regulatory and internal audit interactions related to supplier risk. Lead supplier risk communication, training and change management efforts. Participate in internal/external forums to develop and provide supplier risk thought leadership. Reporting, Policy Management, and Regulatory Support. Responsible for supplier risk management assessment programs. Track all external risks/issues including remediation efforts and potential exiting of supplier. Evaluate supplier risk assessment results and deliver recommendations to stakeholders. Analyze responses to supplier inherent risk assessment questionnaires and review supporting documentation (SOC reports, etc.) received from suppliers to identify and evaluate risks. Interview key vendor personnel, as necessary. Work directly with suppliers to assist them in managing operational risks. Partner with internal business owners to assist them in managing supplier operational risks. Develop standardized reporting to enable continuous monitoring against program goals. As required, develop periodic reports to present to bank leadership and regulators (FHFA). Represent the group in the Annual Risk Audit (ARA) process. Lead the development and maintenance of all Procurement-related Supplier Risk policies.Skills/ Knowledge:
Bachelor's degree. Extensive knowledge of supplier risk, with 8+ years in a procurement organization in a similar role, or commercial risk, or risk management consulting firm; financial services preferred.Knowledge of procurement/sourcing best practices in financial services – benchmarking, negotiation skills, demand/forecast planning, contract administration, procurement governance, regulations. Demonstrated ability to manage projects, people and resources in financial services environment. Understanding of complex computer systems/procurement technology - P2P, contract lifecycle management, supplier onboarding/performance management, risk assessment, and ERP systems. Experience developing risk management strategies and supporting business in delivering on them. Able to work across organizational boundaries with all levels; excellent communication skills. Knowledge of industry compliance requirements (state, federal and regulatory requirements). Knowledge of IT risk controls/compliance frameworks (SOC2, ISO 27001, NIST 800 series, ITIL). Strong working knowledge and application of Microsoft Office Suite (Word, Excel, PowerPoint). Prefer experience with government subcontracting reporting requirements and FHFA entities.
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