Vendor Management & Procurement Specialist

DriveWealth•New York, NY

13h•$175,000 - $200,000•Hybrid

About The Position

DriveWealth operates a technology-enabled broker-dealer platform powering global partners, embedded investing experiences, and cash management solutions. As the firm scales its infrastructure, regulatory footprint, and international partner network, strong third-party governance is critical. The Vendor Management & Procurement Manager will design and operationalize a comprehensive third-party governance framework that supports DriveWealth’s clearing, custody, trading, cash management, data, and technology ecosystems. This role will ensure vendor oversight meets regulatory expectations while enabling speed, scalability, and innovation across the platform. This individual will partner closely with Compliance, Legal, Risk, Finance, Product, and Engineering teams to implement workflow controls, mitigate third-party risk, enhance vendor performance transparency, and strengthen procurement discipline across the organization.

Requirements

6 to 8 years of experience in vendor management, procurement, third party risk, or operations within financial services or a regulated environment
Working knowledge of SEC and FINRA expectations related to third party oversight
Experience supporting or implementing vendor governance processes, including onboarding, due diligence, and renewal workflows
Familiarity with contract structures, SLAs, and vendor performance monitoring
Strong analytical, documentation, and project management skills
Ability to work cross-functionally and coordinate stakeholders across Legal, Compliance, Risk, Finance, and Technology
Demonstrated ability to improve processes, strengthen controls, or reduce operational risk

Responsibilities

Design and implement DriveWealth’s third-party vendor governance framework
Establish clear vendor tiering, onboarding, renewal, and termination processes to ensure consistency and control
Support the end-to-end procurement lifecycle, including vendor selection, contract coordination, and renewal management
Own and continuously evolve DriveWealth’s third-party governance standards to ensure regulatory defensibility and operational resilience
Partner with Legal, Compliance, Risk, Finance, Product, and Engineering to ensure vendors meet regulatory, operational, and security standards
Drive accountability across business units
Coordinate third-party due diligence and track risk findings through remediation
Maintain a centralized vendor inventory and contract repository
Develop vendor performance metrics, monitor SLAs, and lead regular performance reviews with stakeholders
Provide reporting and dashboards for leadership to ensure visibility into vendor risk, performance, and cost efficiency
Support regulatory exams and audits related to third party oversight