Vendor Risk Manager

Your Opportunity

At Schwab, you're empowered to make an impact on your career. Here, innovative thought meets creative problem solving, helping us "challenge the status quo" and transform the finance industry together.

As a Manager on the Risk and Controls team in Corporate Vendor Management (CVM), you are responsible for the execution of CVM's Third-party Risk Assessment and Vendor Due Diligence program activities.

In this role, you will follow a risk-based approach to support business partners across the firm in the accurate, efficient, and complete assessment of their third-party inherent risks.

Your expertise will aid in your business partner's visibility and understanding of the risks they incur when working with third-parties and the controls their vendors need to mitigate those risks.

Corporate Vendor Management follows the three lines of defense model for risk governance. You will be a first line of defense partner responsible for compliance with all policies and procedures, as well as all applicable regulatory requirements in the context of the position.

What you have

• 3+ years professional experience ideally in vendor management, risk management, internal audit
• 2+ years of experience working in a regulated financial services environment
• Ability to work independently with close attention to detail with a record of tracking and measuring results
• Demonstrated ability to manage ambiguity, while executing new requirements
• Must be able to build strong relationships throughout the organization
• Knowledge of internal controls, financial / banking regulations, operational risk and / or vendor due diligence is a plus
• Excellent interpersonal, verbal and written communication skills
• Bachelor's degree or equivalent professional experience is required
• Proficiency in Excel and other Microsoft Office applications is required, and experience with Ariba Cloud and Hiperos is preferred

What you'll do :

• Execute risk assessment and oversight activities :
• Facilitate the assessment of new and review existing third party inherent risk, utilizing questionnaires to collect and document risk ratings
• Use your close attention to detail and effective follow up to drive completion of risk assessments and identify obstacles to contracting or continued relationships with third parties
• Review completed risk assessments and confirm completion of due diligence prior to agreement signature
• Anticipate the effects of decisions on the organization and on other functions
• Ensure that all activities and efforts are consistent with Schwab policies and guidelines and in alignment with regulatory guidance
• Responsible for adhering to third-party risk metrics supporting completeness, accuracy and timeliness of third-party risk activities
• Assists with gathering data and providing information during Internal Audit Reviews and Regulatory Examinations
• Relationship Management :
• Develop and maintain good working relationships with colleagues in other functions, including Bank Outsourcing and Oversight Management, Corporate Risk Management teams, and other internal business partners
Less than 1 hour ago