Senior Manager, Third Party & Contract Risk

MGM Resorts International • Las Vegas, NV

5d • Onsite

About The Position

The Senior Risk Manager - Third Party & Contract Risk leads the third-party and contract risk function, ensuring supplier engagements align with corporate policies, risk tolerance, and regulatory expectations. The Senior Risk Manager oversees the development and enforcement of risk frameworks related to insurance, indemnity, and supplier performance, driving enterprise-wide visibility and accountability. The role partners cross-functionally with Legal, Sourcing, ESG, and Compliance to identify risk exposure, ensure due diligence, and support responsible supplier decision-making.

Requirements

• 7+ Years of prior relevant experience in third-party risk management, insurance, compliance, or vendor governance in a large or regulated organization
• Deep understanding of contract risk, indemnity clauses, and insurance language
• Experience managing policies and SOPs related to vendor risk and compliance frameworks
• Familiarity with CLM systems, COI tracking, and audit protocols
• Strong cross-functional communication and stakeholder engagement skills

Nice To Haves

• Bachelor's Degree in Risk Management, Supply Chain, Business Administration, Legal Studies, or a related field - Preferred
• Master's Degree in a related discipline - Preferred

Responsibilities

• Own and enforce the Third-Party Risk Management (TPRM) Program for Supply Chain, including policy, risk tiering, and exception management.
• Monitor supplier performance, incidents, and compliance with ongoing risk monitoring protocols.
• Draft and update enterprise policies and SOPs related to supplier and contract risk.
• Develop dashboards and risk reports to ensure executive-level visibility and proactive issue resolution.
• Support audits and regulatory inquiries involving vendor risk governance or contract compliance.
• Serve as the primary point of contact for escalated risk issues, policy breaches, and mitigation plans.
• Maintain and govern MGM’s third-party risk classification system and oversight workflows.
• Oversee contract risk assessments, COI requirements, and resolution of insurance and indemnity gaps in partnership with Legal and Risk Management.
• Review and approve contracts for insurance, indemnity, and regulatory risk requirements.
• Facilitate root cause analysis and resolution of third-party risk incidents.
• Lead quarterly risk reporting and provide summaries to senior management and compliance leaders.
• Collaborate with category and sourcing teams to embed risk mitigation strategies into procurement processes.
• Develop and maintain policy documentation, risk assessment templates, and supplier scorecards.
• Ensure completion of COI tracking, incident escalation, and corrective action implementation.
• Lead cross-functional risk working sessions with stakeholders from Legal, Compliance, and ESG.
• Train Business Units on policy expectations and execution of risk assessment and monitoring.
• Provide training and guidance to internal stakeholders on risk policy adherence, due diligence, and escalation procedures.

Benefits

• Wellness incentive programs to help you stay healthy physically and mentally
• Access to company hotel, food and beverage, retail, and entertainment discounts as well as discounts with company partners on things like travel, electronics, online shopping, and more
• Free parking on and off shift
• Health & Income Protection benefits (for eligible employees)
• Professional and personal development through programs and networking opportunities as well as volunteer opportunities in the community

What This Job Offers

• Job Type: Full-time
• Career Level: Senior