Vendor Risk Management, SVP - Procurement
About The Position
This is a full-time, high-impact leadership role within Blackstone’s Procurement organization, based in Miami, Florida. The position co-leads the Vendor Risk Management and Onboarding area, with a global focus on vendor risk management activities. The role requires broad expertise in vendor risk management and onboarding, strong team management capabilities, and the ability to work effectively with stakeholders across the organization. The SVP is responsible for maintaining and enhancing the global third-party risk management program; overseeing vendor assessments, risk reviews, and remediation; improving processes and policies; leading a team; and coordinating with onboarding, sourcing, legal, compliance, and IT. The role also oversees an external vendor performing risk management activities, monitors regulatory requirements, maintains risk information and reporting, and leads improvements to risk management platforms and processes.
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.
- A proven track record of successfully designing and managing global programs.
- Familiarity with third-party risk management frameworks.
- 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.
- Ability to navigate ambiguity; resilience and curiosity.
- Experience building strong internal and external relationships with a high level of customer-service orientation.
- Proficiency with third-party applications and software in the risk management space, the MS Office suite, 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.
Nice To Haves
- Experience in the financial services sector.
- Coupa knowledge.
- An MBA.
Responsibilities
- Provide subject matter expertise and collaborate with stakeholders to maintain and enhance the enterprise global 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 improvements to the risk management program, including updates to policies and procedures.
- Manage the team, focusing on performance, talent identification, and development.
- Work closely with the onboarding team to support timely and efficient onboarding.
- Collaborate with sourcing, legal and compliance, and IT teams to review contracts for compliance with internal policies and regulatory standards.
- Manage and oversee a remote external vendor performing risk management activities.
- Monitor global risk management regulatory requirements and help prepare 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.
- Develop and maintain relationships with people and groups involved in the third-party risk management program.
- Identify and report suspicious activity.
- Stay informed about area and 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
