Vendor Risk Management Jobs

INTRODUCTION

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

THE ROLE:

This is a high-impact leadership role within the Procurement organization and is responsible for co-leading the Vendor Risk Management and Onboarding area with focus on vendor risk management activities globally. The ideal candidate will possess a mix of emotional and intellectual intelligence, deep understanding of the broader vendor risk management and onboarding space, especially vendor risk management, and exceptional team management skills. The role is full time, based in Miami, FL.

KEY RESPONSIBILITIES:

• Provide subject matter expertise and collaborate with various stakeholders to maintain and enhance enterprise global third-party risk management program
• Define and manage data gathering, preparation, and execution of third-party risk assessments for new vendors and technologies, and guide regular risk reviews for high and critical vendors
• Develop and execute remediation actions, mitigations, and contingency plans for identified risks
• Design and execute process enhancements to risk management program, including updates to policies and procedures
• Manage team focusing on performance as well as talent identification and development
• Work closely with onboarding team to ensure timely and efficient execution of onboarding process
• Collaborate with sourcing, legal and compliance, and IT teams to review contracts ensuring compliance with internal policies and regulatory standards
• Provide management and oversight to remote external vendor currently performing risk management activities
• Ensure compliance with global risk management regulatory requirements, performing regular monitoring of regulatory standards and drive readiness for upcoming changes
• Maintain vendor risk databases and communicate risk assessments findings across the organization
• Establish and publish KPIs and SLAs to evaluate the effectiveness of area and initiatives
• Understand risk management platforms and systems, acting as subject matter expert in functionality, identifying areas of improvements, and leading projects to implement such improvements
• Build communication and escalation plans around third-party risk activities
• Develop and maintain strong relationships with individuals and groups involved in the third-party risk management program
• Identify and report suspicious activity
• Stay informed about area and industry trends, market dynamics, and emerging technologies

QUALIFICATIONS

• 15+ years of professional experience with at least 10 years of experience in vendor risk management (or compliance) and onboarding, preferably in financial services sector
• In depth knowledge of vendor risk and onboarding activities processes, and procedures, especially around third-party risk management. Proven track record of successfully designing and managing global programs
• Familiarity with third-party risk management frameworks
• Strategic mindset with sound financial and business acumen, and well-defined decision-making skills
• Dynamic team player, proactive, self-starter with outmost professional integrity and ethics
• Strong analytical, problem solving and creative thinking skills. Experience interpreting data to make data-driven decisions
• Demonstrated leadership capabilities, with proven experience building, motivating, and leading teams
• Resilient, curious, and experience navigating ambiguity
• Experience building strong relationships internally and externally with a high level of customer service orientation
• Proficiency in third-party applications and software in the risk management space, as well as MS Office suite and other relevant software (Coupa knowledge a plus)
• Bachelor’s degree in business or related field, an MBA would be a plus
• Experience working in global and fast-paced environment
• Experience managing distributed and virtual teams

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

EXPECTED ANNUAL BASE SALARY RANGE:

$200,000 - $225,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.