Third Party Vendor Risk - Onsite, NY

DEPARTMENT RESPONSIBILITIES : Third-Party / Vendor Risk Management (VRM) is responsible for overseeing the ICBC Financial Services Third-Party / Vendor Risk Management program. VRM is a structured and independent function that helps the organization identify, assess, and manage risks associated with third-party vendors. VRM aims to prepare for and control third-party risks, while also preventing disruptions to business performance. The function is also responsible for leading risk assessments of vendors and associated services, including due diligence and documentation. ROLE RESPONSIBILITIES: • Ability to manage an inventory of vendors and associated services. • Facilitate onboarding of new vendors and conduct reviews of existing vendors. • Facilitate, review and challenge vendor risk assessments conducted by business and functional areas. • Provide Monthly and Quarterly Risk Management reporting and Vendor Risk Management metrics • Assist Firm by supporting and providing oversight to the first line of defense through various operational risk and third-party / vendor risk programs. • Responsible for understanding and assessing business and functional operations regarding Third Party / Vendor Risk, identifying issues, opportunities, and collaboration to discover appropriate solutions. • Ensure effective implementation operational risk and third-party / vendor risk management programs to identify, measure, monitor, manage and report risks. • Assist in identifying and evaluating risk areas across the Firm's operational activities and the development of processes and controls to mitigate such risks. • Maintain, develop, and prepare documentation for risk management; including risk policies, procedures, and reporting. • Investigate root causes of operational risks and provide support to mitigate risk. • Conduct training on third-party risk management programs and policies. • Provide regular management reporting and status updates on Third-Party / Vendor Risk programs. • Assist Legal department with Contract Management.

Created: 2024-11-05