Vendor Relationship Risk Specialist Senior
Are you a seasoned risk management professional with a passion for vendor relationships? Do you have a strong understanding of regulatory compliance and vendor management best practices? PNC Financial Services is seeking a talented Vendor Relationship Risk Specialist Senior to join our team. In this role, you will play a critical role in identifying, assessing, and monitoring the risks associated with our vendor relationships. We are looking for a proactive and detail-oriented individual who can effectively collaborate with various stakeholders to ensure the integrity and stability of our vendor network. If you have a strong track record of success in vendor risk management and possess the necessary qualifications, we encourage you to apply for this exciting opportunity.
- Identify and assess risks associated with vendor relationships, including potential financial, operational, and reputational risks.
- Utilize knowledge of regulatory compliance and industry best practices to develop and implement effective risk management strategies.
- Collaborate with various stakeholders, including legal, procurement, and business units, to ensure alignment and compliance with vendor management policies and procedures.
- Conduct thorough due diligence on potential vendors, evaluating their financial stability, security measures, and overall risk profile.
- Develop and maintain strong relationships with vendors, promoting open communication and transparency.
- Monitor and report on potential risks within the vendor network, providing timely updates and recommendations to senior management.
- Develop and maintain vendor risk management documentation, including risk assessments, policies, and procedures.
- Stay current on industry trends and developments related to vendor risk management, proactively identifying potential risks and recommending mitigation strategies.
- Collaborate with internal audit and compliance teams to ensure vendor relationships comply with regulatory requirements.
- Train and educate internal stakeholders on vendor risk management best practices and policies.
Extensive Knowledge Of Vendor Management Principles And Practices:
This Includes A Deep Understanding Of Vendor Selection, Due Diligence, Contract Negotiation, And Ongoing Monitoring And Performance Management.
Strong Analytical And Risk Assessment Skills:
A Successful Vendor Relationship Risk Specialist Senior Should Be Able To Conduct Thorough Risk Assessments Of Potential And Existing Vendors, And Identify Any Potential Risks Or Vulnerabilities To The Organization.
Experience In Developing And Implementing Vendor Risk Management Strategies:
The Ideal Candidate Should Have Experience In Developing And Implementing Comprehensive Vendor Risk Management Strategies, Including Policies, Procedures, And Controls To Mitigate Risk And Ensure Compliance.
Excellent Communication And Relationship Management Skills:
As A Senior Specialist, This Role Will Require Strong Communication And Relationship Management Skills To Effectively Collaborate With Internal Stakeholders, External Vendors, And Regulatory Agencies.
Proven Track Record Of Successfully Managing Vendor Relationships:
The Candidate Should Have A Track Record Of Effectively Managing Vendor Relationships, Including Conducting Regular Reviews, Addressing Any Issues Or Concerns, And Ensuring Vendors Meet Service Level Agreements And Contractual Obligations.
Financial Analysis
Vendor Management
Contract Negotiation
Relationship Building
Risk assessment
Risk Mitigation
Due Diligence
Contract review
Compliance monitoring
Stakeholder Communication
Vendor Performance Evaluation
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
Interpersonal Skills
creativity
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Vendor Relationship Risk Specialist Senior in Pittsburgh, PA, USA is $60,000 to $85,000 per year. This can vary depending on factors such as the company, industry, experience, and education level.
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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.
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