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Senior Vendor Risk Management Jobs in Michigan (NOW HIRING)

Becton, Dickinson and Company

$104K - $105K/yr

The Senior Manager, Program Management and Governance is responsible for driving the strategic ... Identify opportunities for license optimization, consolidation, cost avoidance, and vendor risk ...

SelectMinds

ServiceNow IRM Specialist

Lansing, MI · On-site

... Risk Management, Audit Management, Vendor Risk, Business Continuity). - Partner with stakeholders to gather requirements and translate them into ServiceNow IRM solutions. - Develop and maintain ...

Td

Risk Manager I (US)

Southfield, MI · On-site

$91K - $136K/yr

The position is expected work with data vendors such as Credit bureaus to obtain and validate ... Performs detailed analysis and interprets information to make recommendations to Senior Management ...

Ohio Health

The ability to translate an Enterprise Risk Framework's risk management concepts, practices, and processes so that they are easily understood and valued by associates and senior management. The ...

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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

Risk Manager - Operations & Administration

Barton Malow

Southfield, MI

Full-time

Posted 6 days ago

Barton Malow rating

7.4

Company rating: 7.4 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

Job description

POSITION SUMMARY

Oversees vendor prequalification and compliance within the Risk Management team, leading a team of Risk Analysts and managing the systems, processes, and vendor relationships that support prequalification and risk mitigation.

KEY JOB RESPONSIBILITIES*:

  • Leads a team of Risk Analysts who review and approve prequalification, risk mitigation plans, payment and risk management halt codes, insurance certificate compliance, and vendor reassignment requests.
  • Responsible for the following systems: TradeTapp, BC Admin Screen, and JSM - Risk Management Help Desk.
  • Conducts financial reviews for vendors in the prequalification process.
    • Sets single project and aggregate limits for vendors in the prequalification process.
  • Responsible for responding to inquiries and confirming subcontractor eligibility for SDI enrollment.
  • Creates and manages the Risk Mitigation Plan (RMP) approval process.
    • Responsible for approving bond waivers for vendors.
  • Oversees halt code system, including insurance certificate compliance, safety and financial RMP halt codes, and material transaction thresholds, material bonds.
  • Serves as liaison between Project Financial Controls (PFC) and Risk Management.
  • Collaborates with Project Delivery and Finance to resolve any vendor related issues that may arise.
  • Collaborates with Legal on vendor changes, including amendments and assignment/assumption agreements.
  • Leads and contributes to risk management initiatives and projects for the enterprise.
  • Responds to external parties who call the Barton Malow Help Line.
  • Completes invoice processing as required.

REQUIRED KNOWLEDGE, EDUCATION, EXPERIENCE, SKILLS, AND ABILITIES:

 

  • Education
    • Bachelor's degree in Risk Management, Finance/Accounting, Business Administration, Construction Management, or a related field (or equivalent combination of education and experience).
  • Experience
  • 5+ years of experience in project financial controls or risk management ideally within construction or a related industry.
  • 2+ years of experience directly managing or leading a team, preferably in a risk, compliance, or financial/accounting related function.
  • Knowledge, Skills, and Abilities
  • Excellent written and verbal communication skills, with the ability to interact professionally with vendors, internal teams, Legal, and Finance.
  • Strong analytical, schedule, and financial acumen.
  • Strong organizational skills with the ability to manage multiple initiatives.
  • Ability to lead, train, and develop a team of analysts.

WORK ENVIRONMENT/JOB CONDITIONS:

  • Travel for project assignments may be required based on Company needs.

*The Key Job Responsibilities described are not a comprehensive list - additional tasks may be assigned to the team member and the scope of the job may change as necessitated by business demands.

Barton Malow is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability status, genetic information, protected veteran status, or any other legally protected characteristic.

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