Vendor Risk Management, SVP - Procurement

Blackstone • Miami, FL

1d • Onsite

About The Position

This is a high-impact leadership role within Blackstone’s Procurement organization, responsible for co-leading Vendor Risk Management and Onboarding, with a focus on global vendor risk management activities. The role provides subject matter expertise for the enterprise third-party risk management program and partners with stakeholders across the organization to manage vendor assessments, remediation, onboarding, regulatory compliance, and program improvements. The position also manages a team and provides oversight to an external vendor performing risk management activities. It is a full-time role based in Miami, Florida.

Requirements

• 15 or more years of professional experience, including at least 10 years in vendor risk management or compliance and onboarding.
• In-depth knowledge of vendor risk and onboarding activities, processes, and procedures, especially third-party risk management.
• Proven track record of designing and managing global programs.
• Strategic mindset, sound financial and business acumen, and well-defined decision-making skills.
• Strong analytical, problem-solving, and creative-thinking skills, including experience interpreting data to make data-driven decisions.
• Demonstrated leadership capabilities and experience building, motivating, and leading teams.
• Experience building strong internal and external relationships, with a high level of customer service orientation.
• Proficiency in third-party applications and software in the risk management space, MS Office, and other relevant software.
• Experience working in a global, fast-paced environment.
• Experience managing distributed and virtual teams.
• Bachelor’s degree in business or a related field.
• Professional integrity and ethics, proactive and self-starting approach, resilience, curiosity, and experience navigating ambiguity.

Nice To Haves

• Experience in the financial services sector.
• Familiarity with third-party risk management frameworks.
• Coupa knowledge.
• MBA.

Responsibilities

• Provide subject matter expertise and collaborate with stakeholders to maintain and enhance the global enterprise third-party risk management program.
• Define and manage data gathering, preparation, and execution of third-party risk assessments for new vendors and technologies, and guide regular risk reviews for high- and critical-risk vendors.
• Develop and execute remediation actions, mitigations, and contingency plans for identified risks.
• Design and execute process enhancements to the risk management program, including updates to policies and procedures.
• Manage team performance and identify and develop talent.
• Work with the onboarding team to support timely and efficient execution of the onboarding process.
• Collaborate with sourcing, legal and compliance, and IT teams to review contracts for compliance with internal policies and regulatory standards.
• Provide management and oversight to a remote external vendor performing risk management activities.
• Ensure compliance with global risk management regulatory requirements by monitoring regulatory standards and driving readiness for upcoming changes.
• Maintain vendor risk databases and communicate risk assessment findings across the organization.
• Establish and publish KPIs and SLAs to evaluate the effectiveness of the area and its initiatives.
• Serve as a subject matter expert on risk management platforms and systems, identify improvement opportunities, and lead projects to implement improvements.
• Build communication and escalation plans for third-party risk activities.
• Build and maintain relationships with individuals and groups involved in the third-party risk management program.
• Identify and report suspicious activity.
• Stay informed about industry trends, market dynamics, and emerging technologies.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may be eligible for equity and other incentive compensation at Blackstone’s discretion.

What This Job Offers

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