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Senior Vendor Risk Management Jobs in Virginia (NOW HIRING)

Stand Together

Senior Vendor Manager

Arlington, VA

$130K - $140K/yr

Risk Management: Identify and mitigate risks associated with vendor services and agreements ... senior management. * Best Practices: Develops policies and procedures based on expertise to ...

Stand Together

Senior Vendor Manager

Arlington, VA

$130K - $140K/yr

Risk Management: Identify and mitigate risks associated with vendor services and agreements ... senior management. * Best Practices: Develops policies and procedures based on expertise to ...

Stand Together

Senior Vendor Manager

Arlington, VA · On-site

$130K - $140K/yr

Risk Management: Identify and mitigate risks associated with vendor services and agreements ... senior management. * Best Practices: Develops policies and procedures based on expertise to ...

IMR Soft Llc

Risk Manager

Mclean, VA · On-site

$55 - $60/hr

Provide strategic thinking on next levels of maturity in Technology & Vendor Risk management * Act ... senior management. What You'll Bring with You * 10 years' experience specifically in Risk ...

Freddie Mac

IT Risk Senior

Mclean, VA · On-site

Support critical third-party vendor risk management activities * Develop, enhance, and maintain critical technology solutions to support corporate-wide AI adoptions * Execute risk mitigant processes ...

Freddie Mac

IT Risk Senior

Mclean, VA

Support critical third-party vendor risk management activities * Develop, enhance, and maintain critical technology solutions to support corporate-wide AI adoptions * Execute risk mitigant processes ...

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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 Virginia? The most popular types of Vendor Risk Management jobs in Virginia are:
What are popular job titles related to Senior Vendor Risk Management jobs in Virginia? For Senior Vendor Risk Management jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Senior Vendor Risk Management jobs in Virginia look for? The top searched job categories for Senior Vendor Risk Management jobs in Virginia are:
What cities in Virginia are hiring for Senior Vendor Risk Management jobs? Cities in Virginia with the most Senior Vendor Risk Management job openings:
Senior Vendor Risk Management jobs near you
Senior Vendor Manager

Senior Vendor Manager

Stand Together

Arlington, VA

$130K - $140K/yr

Full-time

Posted 11 days ago

Job description

Stand Together is a philanthropic community that helps America’s boldest changemakers tackle the root causes of our country’s biggest problems, from education to the economy, broken communities, and toxic division, among dozens of other pressing issues. We provide our partners with access to resources including funding, thought leadership, a network of peers, and a playbook for applying proven principles to transform lives and society. 

The Senior Vendor Manager is responsible for overseeing the procurement and management of vendor services for the organization. This role requires excellent negotiation skills, a keen eye for detail, and the ability to build and maintain strong relationships with vendors. The Vendor Manager will work closely with various departments to ensure that vendor services meet the organization's needs and quality standards. This role has 3 direct reports.  

How You Will Contribute
  • Vendor Selection: Identify and select vendors that provide high-quality services at competitive rates.
  • Contract Negotiation: Negotiate contracts and agreements with vendors to secure favorable terms and conditions.
  • Performance Monitoring: Monitor and evaluate vendor performance to ensure compliance with contractual obligations and organizational standards.
  • Relationship Management: Build and maintain strong relationships with vendors to foster collaboration and long-term partnerships.
  • Issue Resolution: Address and resolve any issues or disputes that arise with vendors in a timely and effective manner.
  • Spend Management: Manage spend related to vendor services and ensure cost-effective procurement.
  • Risk Management: Identify and mitigate risks associated with vendor services and agreements.
  • Compliance: Ensure all vendor activities comply with legal and regulatory requirements.
  • Reporting: Provide regular reports on vendor performance, costs, savings, renewals, and other relevant metrics to senior management.
  • Best Practices: Develops policies and procedures based on expertise to establish best practices for the vendor management function.
  • Supervisor: Leads and develops a team of approximately 3 direct reports, aligns strategic vision with tactical execution, sets clear deliverables, ensures accountability, and drives successful execution.
What You Will Bring
  • Minimum of 5 years of experience in vendor management, procurement, or a similar role.
  • SaaS and IT procurement expertise - strong experience sourcing and managing software and technology vendors, including SaaS contract structures, licensing models, and negotiations with IT/software suppliers. 
  • Strong negotiation and communication skills.
  • Excellent analytical and problem-solving abilities.
  • Proficiency in vendor management software and tools.
  • Proven experience in developing and calculating metrics to monitor the progress of the vendor management function.
  • Demonstrated expertise in data analytics to identify actionable steps for advancing the vendor management function.
  • Proven experience in developing and implementing best practices for vendor management.
  • Ability to manage multiple projects and vendors simultaneously.
  • Detail-oriented with a strong focus on quality and compliance.
  • Ability to effectively lead and develop a team in a Principle-Based Management (PBM) environment.
  • Enthusiasm to contribute to Stand Together's vision and principled approach to solving problems, and a commitment to stewarding our culture, which champions values including transformation and innovation, entrepreneurialism, humility, and respect.
Stand Out Candidates Will Bring
  • Certifications: Professional certifications such as Certified Professional in Supply Management (CPSM) or Certified Purchasing Manager (CPM) are preferred.
What We Offer
  • Competitive benefits: Enjoy a 6% 401(k) match with immediate vesting, flexible time off, comprehensive health and dental plans, plus wellness and mental health support through Peloton and Talkspace.
  • A meaningful career: Join a passionate community of over 1,300 employees dedicated to improving lives and driving innovative solutions to complex social challenges.
  • Commitment to growth: Thrive in a non-hierarchical environment that empowers employees to discover, develop and apply their unique talents.
  • Competitive compensation: Our approach rewards the value you create through competitive salaries and bonus opportunities, allowing you to share in the success you help drive.

For this role, the anticipated base salary range is $130,000–$140,000 per year. This role may also be eligible for additional bonus compensation designed to align total compensation with an employee’s overall contribution to the organization.

Our Principles-Based Management™ (PBM) compensation philosophy is grounded in an individualized approach that rewards the long-term value each person creates for the organization. Compensation decisions are informed by a variety of factors, including relevant experience, capabilities, demonstrated skills, role responsibilities, and expected contribution. Consistent with this approach, base salary may vary within or outside of the anticipated range based on these considerations.

Our Values: Working for an organization within the Stand Together philanthropic community is different from many other places. The culture is deeply rooted in Principle Based Management® (PBM®), a framework guided by the principles that drive human progress, such as dignity, openness, and bottom-up empowerment. PBM® empowers employees to be entrepreneurial, to innovate, and to continually drive transformation.   
 
We believe diversity fuels creativity, broadens knowledge, and helps drive success.  That is why we’re proud to be an Equal Opportunity Employer and strive to treat all employees and applicants with honesty, dignity, and respect.

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses and identifying potential inconsistencies or verification signals in application materials based on available information. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.