Vendor Risk Management & Onboarding, SVP Procurement
Job Summary
Blackstone is the worlds largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors the companies we invest in and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused onprivate equity real estate public debt and equity infrastructure life sciences growth equity opportunistic non-investment grade credit real assets and secondary funds all on a global information is available at . Follow @blackstone onLinkedInX andInstagram.
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 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 level of customer service orientation
Proficiency in third-party applications and software in the risk management space as well as MS Office suite and other relevant software (Coupa knowledge a plus)
Bachelors degree in business or related field an MBA would be a plus
Experience working in global and fast-paced environment
Experience managing distributed and virtual teams
The duties and responsibilities described here are not exhaustive and additional assignments duties or responsibilities may be required of this position. Assignments duties and responsibilities may be changed at any time with or without notice by Blackstone in its sole discretion.
Expected annual base salary range:
$200000 - $225000Actual base salary within that range will be determined by several components including but not limited to the individuals experience skills qualifications and job location. For roles located outside of the US please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits including but not limited to medical dental vision and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstones sole discretion.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race color creed religion sex pregnancy national origin ancestry citizenship status age marital or partnership status sexual orientation gender identity or expression disability genetic predisposition veteran or military status status as a victim of domestic violence a sex offense or stalking or any other class or status in accordance with applicable federal state and local laws. This policy applies to all terms and conditions of employment including but not limited to hiring placement promotion termination transfer leave of absence compensation and training. All Blackstone employees including but not limited to recruiting personnel and hiring managers are required to abide by this policy.
If you need a reasonable accommodation to complete your application please contact Human Resources at (US) 44 (0)(EMEA) or(APAC).
Depending on the position you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered prefer not to say). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.
Required Experience:
Senior Exec
About Company
Blackstone is the world’s largest alternative asset manager, serving institutional and individual investors by building strong businesses positioned to deliver lasting value.