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Director, Vendor Risk Management
Options Clearing Corporation
Chicago, IL, United States
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Summary:
Responsible for the leading the Vendor Risk Management team that is responsible for performing vendor risk assessments, risk identification, risk mitigation, issue management and support. The candidate should have strong financial industry, operational and third party risk skillset and a deep understanding of third party assessment and risk related methodologies.
Primary Duties and Responsibilities:
• Oversee and perform the day-to-day responsibilities of the Vendor Risk Management Program
• Ensure the risks are appropriately identified, communicated, managed, and resolved based on organizations policies regarding issue management, escalation, and acceptance
• Engage with key stakeholders (including but not limited to Procurement, Finance, Legal, Security Service, Business Continuity, Compliance, and Enterprise Risk Management) to ensure the Third Party Risk Management process fits cohesively within the vendor lifecycle with effective controls. Work closely with the stakeholder groups and business partners to evaluate inherent vendor risks to OCC.
• Ensure transparency within OCC by developing standardized reports and templates to inform management on vendor risk and performance.
• Continually review best practices for vendor risk management and make applicable changes to the program.
Supervisory Responsibilities:
• Supervises four professional staff of Third Party Risk Management analysts that execute the vendor analytics
Qualifications:
• Six plus years of progressive experience leading a vendor risk management program.
• Expertise in driving the development and ongoing administration of a vendor risk, enterprise risk or operational risk management program
• Demonstrated experience in developing risk identification and mitigation solutions
• Expertise in regulatory requirements regarding third party management for financial institutions
• A high degree of integrity, professionalism and capacity to excel in a cohesive team environment
• Proven track record of successfully managing a variety of vendor relationships in a complex environment with a focus on IT vendors.
• Excellent skills in business, financial, problem solving and analysis.
• Strong interpersonal skills.
• Strong written and oral communication skills. Ability to effectively communicate to all levels of the organization, including senior management.
Technical Skills:
• Proficient in Microsoft Word, Excel, and PowerPoint.
• Experience with ERM solutions.
• Experience with Archer vendor risk management module (preferred)
Education and/or Experience:
• Undergraduate degree in Finance, Business or other related area.
• MBA (preferred)
• Six plus years of related work experience in vendor risk management, procurement or financial services industries.
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