Vendor Risk Specialist

Come join our team at McKinsey & Company as a Vendor Risk Specialist! We are seeking a detail-oriented and strategic thinker to join our dynamic team and play a crucial role in managing our vendor relationships. As a Vendor Risk Specialist, you will be responsible for evaluating and mitigating potential risks associated with our vendors and ensuring compliance with company policies and procedures. This is a fantastic opportunity for someone with strong analytical skills and a passion for risk management to make a significant impact in a global consulting firm. If you are up for the challenge and have the necessary qualifications, we would love to hear from you!

1. Conduct thorough risk assessments of potential and existing vendors to identify potential risks and develop risk mitigation strategies.
2. Develop and maintain strong relationships with vendors to ensure effective communication and compliance with company standards.
3. Review and negotiate vendor contracts to ensure compliance with company policies and procedures.
4. Stay updated on industry regulations and best practices related to vendor risk management and make recommendations for improvements to current processes.
5. Collaborate with internal stakeholders to ensure vendor risk assessments are completed in a timely manner and any issues are addressed effectively.
6. Monitor and track vendor performance to identify any potential risks and develop strategies to mitigate them.
7. Communicate any changes in vendor risk assessments or compliance requirements to relevant stakeholders.
8. Develop and maintain documentation related to vendor risk assessments and compliance.
9. Participate in cross-functional teams to develop and implement risk management strategies across the organization.
10. Provide training and guidance to other team members on best practices for vendor risk management.
11. Contribute to the development and improvement of company policies and procedures related to vendor risk management.
12. Continuously monitor and assess the effectiveness of current vendor risk management processes and make recommendations for improvements.
13. Communicate effectively with vendors to address any concerns or issues related to risk management.
14. Conduct regular vendor audits to ensure compliance with company policies and regulatory requirements.
15. Maintain confidentiality and handle sensitive information in a professional and ethical manner.

According to JobzMall, the average salary range for a Vendor Risk Specialist in Denver, CO, USA is $65,000 - $115,000 per year. This can vary based on factors such as experience, education, and the specific company or industry hiring.

McKinsey & Company is an American worldwide management consulting firm. McKinsey publishes the McKinsey Quarterly since 1964, funds the McKinsey Global Institute research organization, publishes reports on management topics, and has authored influential books on management.