Vendor Risk Senior Professional

Job Title :

Vendor Risk Senior Professional

Location : CityScape

CityScape

What you'll do :

The major focus of the 3rd Party Management program is to ensure our external providers are performing to the same high standards that Western Alliance Bank holds itself accountable to including client service, quality, control, regulatory compliance, business resiliency and protection of information.

This role will be responsible for supporting the 3rd Party Management program for a portfolio of Services providers supporting select business functions e.

g., Technology, Lending, Banking, Corporate Functions. This professional will be responsible for the full 3rd party lifecycle including risk assessment, due diligence and ongoing monitoring.

This professional will also be responsible for managing select 3rd party relationships with a particular focus on Critical / High Risk relationships.

This individual will partner with service requestors within the Business, the second line 3rd party risk management program, and other key stakeholders to ensure that the management of risk are effectively identified, monitored, and mitigated to achieve business objectives.

This role will also include understanding and dissemination of regulatory requirements and reporting to key internal stakeholders.

Additionally, this professional will situationally support vendor selection activities in partnership with service requestors.

This includes a formal strategic sourcing methodology and engagement with the marketplace for Requests for Information (RFI), Requests for Proposal (RFP), and Requests for Quote (RFQ) in accordance with company procedures.

What we are looking for :

Third-Party Portfolio Management : Adhere to 3rd Party Risk Management guidelines through the execution of policies and procedures throughout the lifecycle of a third-party vendor relationships.

Ensure strong oversight of vendor risks and provide insight on existing and potential risks. Provide initial and on-going due diligence review on third party vendors to ensure risk are identified and applicable standards.

Third-Party Supplier QBR and Scorecard : Conduct Quarterly Business Reviews and ensure scorecards are structured to allow proper oversight and monitoring of the third party that commensurate with the level of risk and complexity of the relationship.

Partners with Business Units and Vendor partners on corrective action or remediation efforts including Performance Improvement Plans.

General Sourcing and Negotiations : Develop and bring best practices into the RFP process. Host RFP events such as service product demonstrations, question-answer sessions, elimination round conversations, and contract award scenarios.

Facilitate contract review and negotiation between the Supplier, Business Sponsors, and Legal. Redline general business terms for SLA performance, pricing, discounts, risk of loss, and payment.

Mentor-Leader : As an experienced individual contributor provide mentorship, education, and guidance on best practice approaches with other levels on the team.

Be comfortable in a highly visible role and a proponent of challenge or change.

Partner with Business Sponsors and Key Stakeholders : Assist line of business (LOB) supplier sponsors. Provide advisory services around selection and negotiation strategies.

Provide spend intelligence and optimization opportunities within a sub-set of suppliers or categories of spend. Help the LOB define periodic business review objectives, and performance scorecards to guide such business reviews.

Act as a primary liaison with Supplier Account Teams, VMS Risk Assessment, Project Management, Legal and Finance. Assist in budgetary costing for proposed business cases.

Perform other duties as assigned, including assisting with regulatory compliance risk assessments and related infrastructure enhancements

What you will need :

• Bachelor’s degree in Supply Chain, Business, or Finance.
• 7+ years’ direct experience in strategic sourcing, procurement and or 3rd party management
• Subject Matter Expert in banking regulations related to 3rd Party Risk Management required, experience with
• Information Technology portfolios preferred.
• Advanced skills in computer productivity programs (GRC Platforms, PowerPoint, Microsoft Word, Excel, Outlook)
• Proven track record of establishing a proactive, constructive dialogue and partnering with professionals internally and
• externally. Excellent oral and written communication skills, including ability to effectively communicate with internal
• staff and external customers.
• Strong interpersonal skills with the ability to develop and maintain productive relationships across the organization.
• Strong influencing and negotiation skills; consultative and collaborative work style.
• High learning agility with the ability to learn and integrate multiple business variables, make connections, and
• recommend credible solutions. High quality orientation; strong attention to detail.
• Effective at managing multiple priorities under tight deadlines in a fast-paced, dynamic environment; ability to
• prioritize & organize time to deliver consistent results. Ability to work multiple concurrent projects independently and
• to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard
• accepted practices.
• Self-starter; strong execution skills and results oriented. Self-directed; comfortable working with ambiguity and uncertainty.

Compensation : Salary range for new hires is generally $121,870.00 - $143,377.00 for Westlake Village, CA. Salary amount is determined by specific job location.

In addition, the role may be eligible for annual bonus / incentives earned and restricted stock.

Benefits you’ll love :

We offer all the important things you'd want like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.

In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!