
Chief Vendor Risk Management Specialist
2 days ago
Third Party Risk Management Professional
Job Overview:This role involves leading centralised vendor risk management processes, ensuring compliance, governance and effective oversight of third-party relationships. It plays a key part in strengthening operational resilience and supporting business continuity through robust vendor risk assessment, monitoring, and offboarding processes.
Key Responsibilities:- Manage vendor onboarding and ongoing risk assessments aligned with internal policies and regulatory requirements.
- Coordinate due diligence across stakeholders including IT Security, Privacy, Legal and Contract Owners.
- Support Digital Operational Resilience Act DORA outsourcing and operational resiliency requirements.
- Maintain a comprehensive vendor inventory and monitor risk ratings using centralised systems.
- Evaluate performance of suppliers based on risk tier and contractual obligations.
- Raise non-conformance discrepancies or risks to relevant governance forums.
- Coordinate vendor offboarding activities to ensure compliance and closure of obligations.
- Develop training materials for Contract Owners on third-party risk responsibilities.
- Assist internal audits and regulatory reviews related to third-party management.
- A minimum of a Bachelor's degree is required.
- Strong knowledge of risk management frameworks, regulatory requirements and industry best practices.
- Excellent organisational and analytical skills with attention to detail.
- Effective communication and interpersonal skills to collaborate with multiple business areas.
- The ability to work independently and manage competing priorities.
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