Third party Risk manager
PGMTEK Inc. - new york city, NY
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Looking for a Third-Party Vendor Risk Management (VRM) Specialist for a global financial services company in NYC.This role is responsible for overseeing the client's 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.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 metricsAssist 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 vestigate 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.Must have prior experience independently managing Third-Party Vendor Risk anizational skills with great attention to detail.Excellent written and verbal communication skills, with an ability to persuasively communicate complex issues.Must have excellent proficiency in MS Excel.Ability to analyze problems and formulate conclusions.Knowledge of Equity and Fixed Income Clearing, Securities Lending and Financing products is a plus.Risk Management:Perform due diligence in daily job to monitor risks and to prevent risk events from occurring. Manage daily responsibilities within risk governance framework, and policies and procedures of the firm. Take responsibility for identifying and reporting any risks.Possesses the appropriate risk management and internal control capabilitiesskill set for the pliance & AML:Perform daily role in line with the Company's policies, procedures, WSPs and in compliance with applicable rules, laws and regulations to avoid andor mitigate any regulatory risks.
Created: 2025-02-14