Vendor Risk Management Analyst

Latham & Watkins LLP • Los Angeles, CA

3d • $80,000 - $100,000 • Hybrid

About The Position

The Vendor Risk Management Analyst is an integral part of Latham’s Global Finance team. This role will be responsible for assessing, monitoring, and mitigating risks associated with our vendor relationships, as well as analyzing vendor risk profiles through various due diligence activities of new and existing vendors to identify potential risks and vulnerabilities, in order to develop risk profiles and categorize vendors based on risk levels. This role will be located in our Global Services Office. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence.

Requirements

• Demonstrate strong analytical skills with proficiency in data analysis tools and software
• Exhibit the ability to work in a team environment with a strong customer service focus
• Possess strong communication skills
• A bachelor’s degree, preferably a master’s degree, professional certification, or extended education in a related field
• A minimum of four (4) years of experience in vendor risk management, compliance, or a related role

Nice To Haves

• Relevant experience at a professional services firm or Fortune 500 company, preferably

Responsibilities

• Ensuring vendor performance and compliance with contractual obligations and regulatory requirements, and preparing detailed reports and dashboards to communicate risk findings to management
• Developing and implementing risk mitigation strategies to address identified risks, and collaborating with vendors and internal teams to ensure effective risk management practices are in place
• Analyzing vendor performance metrics and reports to assess service quality, cost-effectiveness, and compliance, and providing recommendations for improvement and cost-saving opportunities
• Coordinating and conducting vendor audits to evaluate compliance with company policies and industry standards, as well as documenting findings and following up on corrective actions
• Assisting in the development and maintenance of vendor risk management policies and procedures, and ensuring alignment with industry best practices and regulatory requirements
• Protecting and maintaining any highly sensitive, confidential, privileged, financial, and/or proprietary information that Latham & Watkins retains

Benefits

• Healthcare, life and disability insurance
• A generous 401k plan
• At least 11 paid holidays per year, and a PTO program that accrues 23 days during the first year of employment and grows with tenure
• Well-being programs (e.g. mental health services, mindfulness and resiliency, medical resources, well-being events, and more)
• Professional development programs
• Employee discounts
• Affinity groups, networks, and coalitions for lawyers and staff

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees