Vendor & Operational Risk Manager Job Description Template
Our company is looking for a Vendor & Operational Risk Manager to join our team.
Responsibilities:
- Conducting cost analysis and cost saving exercises of existing vendors, producing monthly MI of cost per department and trend analysis;
- Developing procedures and operationalising the process to ensure its fully embedded;
- Running forums to manage upcoming contract reviews, vendor on-boarding and critical vendor risk assessment, ensuring they comply with EBA guidelines;
- Design and implement adequate controls for on-going vendor management;
- Identify business owners for vendors that don’t have an ownership;
- Facilitate the business on contract negotiation, contract renew and contract review;
- Support the Head of Governance and Control on Bank’s insurance and Policy Management;
- Produce monthly MI of first line risk profile and control testing matrix;
- Develop Procurement and Vendor Management procedures and operationalize the process to ensure its fully embedded within the business.
Requirements:
- Strong organisational and planning skills;
- Ability to run meetings, workshops and to speak confidently with vendors and internal stakeholders;
- Enthusiastic, pragmatic and solutions lead – ability to negotiate with vendors as well as maintaining good relationship.