Specialist Vendor Risk Management (vrm)
Abu Dhabi, AZ, AE, United Arab Emirates
Job Description
The Specialist, Vendor Risk Management, is responsible for utilizing intermediate knowledge and skills to execute Third-Party and Vendor Risk management activities. This role involves effectively evaluating, assessing, managing, and reporting on Vendor risks. The candidate will perform the core Vendor risk assessment process, support the Head of Vendor Risk Management with ongoing monitoring, and drive continuous process improvements.
Key Responsibilities
Vendor Risk Assessment & Due Diligence
Perform evaluation of
Third Party and Vendor engagements
to identify and manage vendor risk. Complete inherent andoverall risk assessments
. Initiate and manage thedue diligence process
with cross-functional control groups. Review and score inherent risk questionnaires and completeoverall risk assessment summaries
. Serve as thesubject matter expert
in interpreting requirements and improve awareness ofOperational Risks
faced by the Business from vendor failure/poor performance. Work with Strategic Sourcing/Legal/Business tomitigate losses
through vendor compensation via robust contracts.Reporting & Monitoring
Develop and perform reporting for VRM, including
data collection, consolidation, analysis, spreadsheets, and dashboards
. Provide and maintainvendor risk reporting mechanisms
, and track and report outcomes from vendor management activities. Support the Head of Vendor Risk Management withreporting and monitoring
of vendor risks, including data collection and analysis, and periodic ongoing monitoring.Process Improvement & Quality
Analyze, update, and modify procedures and processes to identify and continuously implement
vendor risk management process improvements
. Completequality control reviews and testing
to ensure procedures are followed. Stay informed about the latest developments in thevendor risk management field
.Requirements
Experience
Minimum of
3+ years
related work experience invendor management or vendor risk management
is required.Extensive working experience
inBusiness Risk Management, Security Risk, Operational Risk, Internal Audit, and/or Controls related function is preferred
.Knowledge & Skills
Comprehensive knowledge of applicable concepts and methodologies such as
continuous quality improvement and auditing experience
. Familiarity with industry compliance standards, such asISO27001, PCI DSS, SOC1 (SSAE16) and SOC2
. Understanding ofgovernance structures
used to manage vendor risk programs and vendor mitigation and oversight.Education
*
Bachelor's degree
in business administration, computer science, or a related field, or equivalent years of experience, is required.
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Job Detail
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Job IdJD2183803
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationAbu Dhabi, AZ, AE, United Arab Emirates
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EducationNot mentioned