Vendor Risk Management & Onboarding, SVP - Procurement | Miami, FL, USA
BlackstoneVendor Risk Management & Onboarding, SVP - Procurement
Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity,
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credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
The Role:
This is a high-impact leadership role within the Procurement organization and is responsible for leading all third-party risk management and onboarding activities globally. The ideal candidate will possess a mix of emotional and intellectual intelligence, exceptional team management skills and a deep understanding of the vendor risk management and onboarding space. 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 and onboarding programs
• Define and manage data gathering, preparation, and execution of third-party risk and onboarding 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 and onboarding programs, including updates to policies and procedures, to ensure timely and thorough delivery
• Manage team focusing on performance as well as talent identification and development
• 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 and onboarding 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 and onboarding activities
• Develop and maintain strong relationships with individuals and groups involved in the third-party risk management and onboarding programs
• 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