Supplier Risk Job Description
Supplier risk
provides advice on proposal or decision made by business lines related to processes, tools or solutions related to operational risk management.
Supplier Risk Duties & Responsibilities
To write an effective supplier risk job description, begin by listing detailed duties, responsibilities and expectations. We have included supplier risk job description templates that you can modify and use.
Sample responsibilities for this position include:
Automate the production of Executive and Operational reports using advanced tools and methodologies to enable quicker delivery and greater consistency
Leads the development and establishment of Key Risk Indicators that assess and highlight areas of significant risk exposures across the outsourcing and supplier risk management program from multiple perspectives - enterprise, segments and corporate support, regional, and the supplier portfolio as a whole, to ensure alignment with organizational goals and risk appetite
Supports the development of SMG reporting processes and methodologies that reflect industry standards and internal best practices in the areas of Outsourcing and Supplier Risk Management
Define supplier risk management (SRM) playbook
Assist in development of monthly Supplier Risk Management Ops Review with senior procurement leadership (ex
Benchmark (internal and external), and evaluate best practices tools and applications
Develop and maintain CHI’s IT Security Supplier Risk Management Program
Oversight and management of supplier performance, relationship, contract obligations, and internal and external supplier controls
Management of adherence to all Supplier Management policies, procedures and risk and control framework
Development & maintenance of a strategic roadmaps and innovative solutions for supplier base
Supplier Risk Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Supplier Risk
List any licenses or certifications required by the position: CISSP, CISA, CRISC, CISM, CPSM, C.P.M, ISO, SOC, ISACA, CPIM
Education for Supplier Risk
Typically a job would require a certain level of education.
Employers hiring for the supplier risk job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Engineering, Computer Science, MBA, Business/Administration, Accounting, Technical, Graduate, Information Systems
Skills for Supplier Risk
Desired skills for supplier risk include:
Telecommunications industry
Complete supply chain to be able to tailor solutions to business problems
Industry leading GRC tools and business continuity software systems
Design
Drive the implementation of risk related processes
How to analyze
Supplier risk management
Tools
Approaches
Preferably in indirect procurement
Desired experience for supplier risk includes:
Management and communication of supplier budgets and contracts
Establishment of regular meetings with key stakeholders and supplier
Developed understanding of how the responsibilities of the role affect the work of others within Sourcing & other SBU business areas
Experience of shaping management thought and managing conflict
Proven track record of leading successful teams at senior level within a blue chip organisation
Developed and implemented significant cultural and business change within complex international organisation
Supplier Risk Examples
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Supplier Risk Job Description
Job Description Example
Our growing company is looking to fill the role of supplier risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for supplier risk
- Have proficiency in Ariba, iProcurement, Oracle system designs and how these systems are integrated with Hiperos
- Act as a working leader for the EMEA TPRM team, by executing certain supplier risk assessments, while also working across the EMEA TPRM team & portfolio for aggregated reporting, and book of work coordination, in support of the EMEA TPRM Lead
- Coordinate and drive assessment book of work for EMEA
- Publish aggregated reporting for EMEA TPRM portfolio
- Providing excellent service delivery and support to the Regional CTPO lead in the management of the regional TPRM portfolio, in partnership with the global TPRM portfolio leads and reporting functions
- Escalate issues associated with third parties on internal stakeholders as needed
- Partner with CTPO, LOB TPMOs, IT Risk, Operational Risk and Sourcing colleagues to enable holistic Third Party Oversight
- Maintain a list of requested changes and work with Sr
- Annually responsible for validating that the risk logic in the SRMP Tool works as intended in collaboration with other SRMP Director and the Sr
- Responsible for identifying trends, new issues and consistently look for areas of improvement in process and recommend resolutions to Sr
Qualifications for supplier risk
- Complete understanding of IT control policies and standards
- Strong written and verbal presentation skills including risk interpretation/relevance, at the senior management level across various business groups
- Managing the collection, aggregation, and analysis of Third Party and Outsourcing Risk data (internal and external) – including, procurement (spend, registration, ), other centers of governance, external events, newsfeeds and other informational sources
- Act as technical lead on engagements with technical analysts, business partners and service providers as required
- Assists in creating requirements in consultation with key stakeholders, including Segment and Corporate Support Supplier Management Offices (SMOs), business executives, and Centres of Governance
- Keeps abreast of organizational, regulatory, strategic, financial and/or operational changes and/or trends impacting third party and outsourcing risk management practices
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Supplier Risk Job Description
Job Description Example
Our growing company is hiring for a supplier risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for supplier risk
- Drive the global strategy related to Supplier Life Cycle Management, Vendor Risk Management and Supplier Relationship Management (framework) to achieve the Procurement vision
- Build and lead a cross-functional team to ensure global deployment and respect of the timeframe
- Develop appropriate key partnership within and outside the Procurement function
- Diagnose procurement actual and future needs with identified opportunities
- Establish, monitor and update appropriate measures to ensure a flawless implementation
- Drive the continuous improvement cycle to suggest Process Optimization, upgraded standards and solutions
- Identify and engage relevant external parties to provide external and future insights
- Tactical tracking and
- Executive program dashboard
- Endeavor to deliver year over year cost savings with managed third party relationships
Qualifications for supplier risk
- In-depth knowledge and understanding of risk management practices and methodologies, including risk assessment, experience with Compliance, Operational, and IT Risk across business units
- Reviews and assesses internal vendor management processes to ensure appropriate alignment with the Enterprise SRM policy, standards and frameworks and integration of sound vendor risk management practices
- Works with the Business line to review and challenge of risk scorecards and other risk assessments as appropriate
- Lead supplier risk related process improvement initiatives across SSG and possibly in coordination with other Risk groups
- Provide internal audit and regulatory exam support by coordinating preparedness activities and gathering key documentation and evidence to satisfy request
- In partnership with other Enterprise Risk functions, Supports LOBs in ensuring supplier arrangements meet all Policy and Regulatory requirements, while protecting Bank reputation, using a documented best practices framework
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Supplier Risk Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of supplier risk. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for supplier risk
- Supplier Managers must be able to influence and persuade executives, provide clear project guidance to customers, and collaborate across cross-functional teams
- Demonstrated ability to manage multiple projects concurrently in an autonomous environment, generate and pursue ideas, and build strong internal and external relationships
- Partnering with the central risk office to ensure the department meets corporate and local requirements for the identification and effective management and reporting for risk
- Keeping the central risk system PRIME up to date and accurate with risk and control information
- Oversight of the execution of the departments risk framework, including responsibility for control testing
- Responsible for risk reporting, ensuring the department is well managed and meets requirement for corporate audits and external reviews
- Prepare any responses to audit observations, requests from regulators for information
- Develop third party oversight procedures to ensure department is meeting requirements of enterprise third party management policy
- Create and deliver department third party audit program
- Uses team resource to deliver testing for third party Business Continuity and information security controls
Qualifications for supplier risk
- BS degree and 3-5 years of job experience with progression increasing complexity within Supplier Risk within a financial services company
- Bachelor's degree and 7 years experience in operations management within the financial services industry
- Meets regularly with LOB supplier risk managers, and on an as needed basis, to provide guidance on managing supplier and outsourcing relationship risk and complying with TDBFG policies and regulations
- Ensure we work in a well-managed operation and seek to minimise the risks involved with working with offshore and UK third parties and debt purchasers in a highly regulated environment
- Support the delivery of the framework to provide assurance to senior management that contractual and compliance requirements are delivered at suppliers
- Maximize the benefits from supplier relationships, understand what is happening within the operation and create consistency in supplier oversight across business
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Supplier Risk Job Description
Job Description Example
Our innovative and growing company is hiring for a supplier risk. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for supplier risk
- Identify potential compliance risk exposures and ensure all external regulation requirements are met by third parties where appropriate
- Use third party oversight strategies to provide insight into third party performance and provide departmental governance for third party risk activity
- Manage third party risk remediation process and escalation points across the department
- Build key networks across third parties to facilitate completion of third party monitoring activities
- Engage third party management team into team activities, and build upon interaction models in place to improve departmental third party oversight
- Responsible for management of risk support team, including management of workloads, succession planning and work planning within the team
- Perform regular third party contract reviews to ensure content is accurate and supports relationship
- Perform regular risk assessments incl
- Analyzing and assessing supplier risk across multiple dimensions including Financial, Legal, ABAC, OFAC
- Assist in Supplier Risk initiatives that includes review of suppliers third party manufacturer risk
Qualifications for supplier risk
- Some people management skills
- Proficient with MS-Office Suite (PowerPoint, Excel, Word) including knowledge of MS-Visio
- Reporting into the Risk Support Team Leader your key responsibilities will include
- Support the management team with identification and management all risks associated with outsourcing (Process, Compliance, Legal, Operational etc)
- Ensure that any changes to the Corporate TPM policy & procedures relating to supplier management are understood and embedded within Risk Operations
- Support the development of a risk management awareness and culture within Risk Operations
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Supplier Risk Job Description
Job Description Example
Our innovative and growing company is hiring for a supplier risk. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for supplier risk
- Assist with the completion of third party risk assessment activities according to the Enterprise Technology and Supplier Risk Management policy in order to identify, assess, prioritize, evaluate and address third party business resiliency and continuity, compliance, financial, information security, privacy, and other areas of risk
- Coordinate insurance negotiations between suppliers and purchasing/sourcing personnel
- Work with Legal and Risk Management departments to provide purchasing personnel with supplier insurance consultancy
- Execute administration activities associated with your suppliers, ensuring accuracy of our system (EBIX) - update contacts, status reports, exceptions documentation, and all needed data maintenance
- Reviewing / analyzing financial information (D&B data or other similar service provider, Public info)
- Extracting financial information for detailed analysis
- Identifying early signals of operating difficulties with suppliers
- Strategizing, developing, coordinating, program managing and leading any required supplier work-out and/or mitigation plans
- Publishing reports on at-risk suppliers
- Managing and reporting Supplier Diversity program and analytics
Qualifications for supplier risk
- Knowledge of supplier risk (and performance) management
- Support the delivery of the Operational Supplier Assessment (OSA) programme including the managing the annual schedule, scoping, undertaking site visits, sharing results with senior vendor stakeholders around risk assessment and mitigation activity
- Develop, document & maintain supplier Control Monitoring Plans (CMPs)
- Provide the Risk and Compliance Manager with relevant TPM information regarding the risks of suppliers including obtaining waivers, approvals & risk based decisions
- Within the department Associate responsibilities include
- Report findings of assessments and hold Supplier Managers accountable for delivering mitigation actions