Vendor Risk Specialist

Vendor Risk Specialist

In order to capitalize on our success and continued growth plans we are seeking a highly motivated Vendor Risk Specialist to join our Risk Operations team. The successful candidate will focus primarily on our vendor risk management program and will be responsible for performing vendor risk assessments and ongoing vendor risk monitoring and providing operational support.This role is key in supporting Tradewebs businesses in meeting their objectives and ensuring associated supply chain/ vendor risks are assessed and managed. Additionally, the successful candidate will be responsible for follow up with internal and external stakeholders to complete the end-to-end vendor risk screening and assessment process. This role will involve working directly with vendors, Procurement, Legal, Information Security and internal business units on a regular basis.Excellent interpersonal and writing skills are required.

We look to hire people who are comfortable working with minimal supervision as part of a small team that has consistently delivered ground-breaking and innovative solutions in one of the most exciting and fast-moving areas of the financial markets. We need people who can prioritize and can effectively communicate complex issues to non-technical team members. The ideal candidate is someone who has experience in the Financial Industry, who can meet with our internal and external stakeholders and speak confidently about our Vendor Risk management practices.

Both on-the-job and professional training, where needed, will be given to help integrate the successful candidate into the team. The successful candidate will be someone that can quickly grasp the current Tradeweb system processes, controls, policies, procedures and work to further enhance (through collaborative efforts) the firms Vendor Management Program.

Job Responsibilities

• Manage the pipeline of incoming prospective vendor engagement requests and work with internal stakeholders to confirm the completeness and accuracy of information, ensure due diligence questionnaires are scoped and sent to vendors, and timely responses are received
• Follow-up with third parties regarding incomplete due diligence information or follow-up questions required to complete assessments
• Perform risk assessments on prospective and existing vendors in accordance with the firms Third Party and Vendor Risk Management policy and procedures
• Monitor any open findings and track findings through to completion
• Leverage existing tools and processes to conduct periodic and ongoing monitoring of vendors
• Partner with key stakeholders to implement tools and automation that support effective management and oversight of vendor risk.
• Support vendor risk reporting for management and committees, as required.
• Coordinate with cross-functional review teams to ensure reviews are incorporated into the final Vendor Assessment reports.

Required Qualifications:

• BA/BS degree in Risk Management, Finance, Economics or relevant degree.
• 8+ years experience in vendor/third party risk management or operational supplier management, preferably in the banking, consulting, financial services or Fintech industry
• Ability to quickly develop an understanding of business processes and technology used within Tradeweb across all businesses
• Experience performing detailed vendor risk assessments for a large list of vendors
• Experience using vendor/third party risk management systems/tools
• Experience utilizing AI to perform analysis in vendor risk assessments
• Communicate and present concisely and effectively based on appropriate level of management interaction
• Manage competing deadlines and prioritize responsibilities to effectively meet business needs
• Confident ability to drive tasks through to completion.
• Attention to detail, excellent organizational skills, the ability to multi-task and set priorities in a fast-paced environment
• Work both independently and as part of a team at all levels and across all business units.
• Good judgment and discretion in handling confidential and sensitive information, with solid strategic thinking skills to meet team objectives

Desired Skills:

• Training/certification in vendor risk management, information security or risk management
• Experience in ISO 27001, ISO 27002 Domains, NIST Cyber Security Framework
• Experience with KY3P, Confluence, SharePoint, Monday.com and other vendor management/GRC tools are highly desired.
• Financial Risk Management experience
• Project management/ Consulting experience
• Understanding of global vendor risk management regulations.