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Senior Vendor Risk Management Jobs in Michigan (NOW HIRING)

Saanvi Technologies

GRC Analyst

Southfield, MI · On-site

... Senior Analyst will support the firm's Governance, Risk, and Compliance (GRC) program by managing ... The role partners closely with IT leadership, business stakeholders, and third-party vendors to ...

Lifepoint Health

Risk Management Director

Hancock, MI · On-site

... vendors. * Access to and/or works with sensitive and/or confidential information. * Exhibit a ... and a 60-bed senior living community. UP Health System- Portage Our Community With small ...

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Senior Vendor Risk Management information

What does a senior vendor risk management professional do?

A Senior Vendor Risk Management professional is responsible for overseeing an organization’s third-party vendors to identify, assess, and mitigate risks that could impact business operations, data security, or regulatory compliance. They develop and implement vendor risk assessment frameworks, conduct thorough due diligence, and collaborate with other departments to ensure vendors meet company standards and legal requirements. Additionally, they monitor ongoing vendor relationships, manage risk remediation efforts, and often report findings to senior leadership or regulatory bodies.

What are the key skills and qualifications needed to thrive as a senior vendor risk management professional, and why are they important?

To thrive as a Senior Vendor Risk Management professional, you need expertise in risk assessment, third-party due diligence, and a solid understanding of regulatory compliance, often supported by a bachelor's degree in business, finance, or a related field. Familiarity with risk management platforms, vendor management systems, and certifications like CISA or CRVPM is commonly expected. Strong analytical thinking, communication, and negotiation skills are crucial for building effective relationships and addressing vendor issues. These skills and qualifications are essential for mitigating risks, ensuring compliance, and safeguarding organizational interests in vendor relationships.

What are some common challenges faced by senior vendor risk management professionals, and how can they be addressed?

Senior Vendor Risk Management professionals often encounter challenges such as navigating complex regulatory requirements, managing relationships with a diverse range of vendors, and ensuring consistent due diligence across all third parties. Addressing these challenges typically involves staying updated on relevant regulations, implementing robust risk assessment frameworks, and fostering strong communication with both internal stakeholders and vendors. Building cross-functional collaboration with legal, compliance, and procurement teams is also crucial for effectively mitigating vendor-related risks.

What is the difference between Senior Vendor Risk Management vs Vendor Risk Analyst?

AspectSenior Vendor Risk ManagementVendor Risk Analyst
CertificationsCRISC, CISA, or similarCRISC, CISA, or similar
Work EnvironmentStrategic, leadership-focused, cross-departmentalOperational, data analysis, risk assessment
Employer & Industry UsageFinancial, healthcare, technology firmsFinancial, retail, technology sectors

Senior Vendor Risk Management roles typically involve strategic oversight and leadership in managing vendor risks, requiring advanced certifications and experience. Vendor Risk Analysts focus on data collection, risk assessment, and supporting vendor evaluations. While both roles require similar credentials, the senior role emphasizes strategy and management, whereas the analyst role is more operational and detail-oriented.

What are the most commonly searched types of Vendor Risk Management jobs in Michigan?

The most popular types of Vendor Risk Management jobs in Michigan are:

What are popular job titles related to Senior Vendor Risk Management jobs in Michigan?

For Senior Vendor Risk Management jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Senior Vendor Risk Management jobs in Michigan look for?

The top searched job categories for Senior Vendor Risk Management jobs in Michigan are:

Senior Vendor Risk Management jobs near you

Vendor Management Manager

Lake Michigan Credit Union

Grand Rapids, MI

Full-time

Medical, Dental, Vision, Retirement

Posted 4 days ago

Lake Michigan Credit Union rating

8.0

Company rating: 8.0 out of 10

Based on 28 frontline employees who took The Breakroom Quiz

Job description

General Information

Primary Location:Grand Rapids, MI

Employee Status: Full-Time

Workplace Type:Fully On-Site

Who we are:

At LMCU, you'll find more than just a job - discover a fulfilling career where your contributions truly matter. Join our talented team at Lake Michigan Credit Union and discover the difference an employer who puts people first can make in your career and life.

About this position:

The Vendor Management Manager is responsible for implementing, maintaining & administrating the Credit Union's Third-Party Risk Management (TPRM) program. This role focuses on vendor due diligence, ongoing monitoring, risk assessments, reporting, and coordination with internal stakeholders to ensure third party relationships are managed in accordance with regulatory requirements, internal policy, and risk appetite. The position partners closely with Risk Management, Compliance, IT, Legal, and business owners across the organization.The Vendor Management Manager will ensure that identified risk exposures are properly mitigated and appropriate risk action plans are implemented as appropriate.

What you'll do:

Third-Party Risk & Due Diligence

  • Lead the enhancement and streamlining of the third-party relationships process, including clarity of roles, escalation, and communication.
  • Perform risk assessments for current and prospective third-party relationships, including inherent and residual risk evaluations.
  • Conduct initial and ongoing due diligence activities, including initial review of contracts, SOC reports, information security documentation, business continuity plans, etc.
  • Track, document, and maintain vendor risk ratings, due diligence status, and remediation items within the vendor management system.
  • Conduct vendor onboarding, renewal, and termination processes in accordance with policy and regulatory expectations.

Program Administration

  • Assist Risk Manager with various projects and reports. Run the reports to completion and present findings to Risk Manager. Based on evaluation and interpretation, report findings and suggestions.

People Leadership & Team Management

  • Supervise and support Vendor Management staff, including oversight of daily activities, timecard approvals, recruitment and onboarding, performance management, coaching and development, and completion of performance evaluations to ensure team effectiveness and alignment with organizational goals.
  • Adhere to and champion our core values of curious minds, collaborative hearts, and continuous excellence.
  • Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

What you'll bring:

  • Three to five years of experience in financial services, risk management, vendor management, compliance, audit, or a related field preferred.
  • High School Diploma is required.
  • College degree in business, finance, risk management, information systems, or a related field preferred, but not required.
  • Relevant certifications (e.g., CTPRP, CRVPM) are a plus but not required.
  • Experience with vendor management platforms/process flows.
  • Must be able to effectively handle multiple, simultaneous, and changing priorities.
  • Must be capable of exercising highest level of discretion on both internal and external confidential matters.

What you'll get:

  • All Employees: weekly pay and retirement savings options.
  • Full-Time Employees: comprehensive health coverage including medical (with prescription), dental, vision, HSA match, paid parental leave, and tuition reimbursement.
  • To see a full list of our benefit offerings, check out this helpful guide!

Have additional questions about the role? Email the Talent Acquisition Team at: Careers@lmcu.org.

If you lack access to the internet or require an accommodation in the application process, please send your resume via mail to P.O. Box 2848, Grand Rapids, MI 49501-2848.

LMCU is an Equal Opportunity Employer

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