Vendor Relationship Risk Specialist

Are you passionate about mitigating risk and building strong relationships with external partners? Do you have a keen eye for identifying potential risks and implementing strategies to minimize their impact? If so, PNC Financial Services is seeking a Vendor Relationship Risk Specialist to join our dynamic team. As a specialist in this role, you will play a crucial role in protecting our organization from potential risks by evaluating and managing our relationships with third-party vendors. We are looking for a detail-oriented and analytical individual who can effectively communicate with vendors and internal stakeholders to ensure the highest level of risk management. If you have the necessary qualifications and a strong personal drive to excel in this field, we encourage you to apply for this exciting opportunity.

1. Conduct thorough risk assessments of potential and existing third-party vendors to identify potential risks and vulnerabilities.
2. Develop and implement risk mitigation strategies and processes to reduce the impact of identified risks on the organization.
3. Build and maintain strong relationships with external partners, including conducting regular reviews and meetings to ensure compliance with risk management protocols.
4. Collaborate with internal stakeholders to assess the risk appetite of the organization and make recommendations for risk management strategies.
5. Monitor and track vendor performance and conduct periodic audits to ensure compliance with contractual agreements and risk management protocols.
6. Communicate effectively with vendors and internal teams to address and resolve any risk-related issues that may arise.
7. Stay up-to-date with industry trends and best practices in risk management to continuously improve and enhance the organization's risk management processes.
8. Provide regular reports and updates to senior management on the status of vendor relationships and potential risks.
9. Act as a subject matter expert on vendor risk management, providing guidance and training to other team members as needed.
10. Continuously review and improve vendor risk management policies and procedures to align with changing business needs and regulations.

According to JobzMall, the average salary range for a Vendor Relationship Risk Specialist in Pittsburgh, PA, USA is $60,000 to $90,000 per year. However, this can vary depending on factors such as experience, education, and the specific company or industry.

PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 19 states and the District of Columbia with 2,459 branches and 9,051 ATMs.