Vendor Risk Specialist

Are you an experienced and detail-oriented risk management professional looking for a challenging and dynamic role? Look no further! McKinsey & Company is seeking a highly motivated Vendor Risk Specialist to join our team and play a critical role in managing and mitigating risks associated with our extensive network of vendors. As a key member of our risk management team, you will have the opportunity to work with top-tier clients and collaborate with talented colleagues on high-impact projects. If you have a strong understanding of risk management principles and the ability to navigate complex vendor relationships, we want to hear from you. Join us and contribute to shaping the risk strategy for one of the world's leading consulting firms.

1. Develop and implement risk management strategies and policies in relation to vendor management.
2. Conduct thorough risk assessments and due diligence on potential and existing vendors.
3. Monitor and evaluate vendor performance and compliance with contractual agreements and regulatory requirements.
4. Identify and analyze potential risks associated with vendor relationships and develop proactive mitigation plans.
5. Collaborate with internal stakeholders to ensure vendor risk management practices align with overall risk management strategy.
6. Keep up-to-date with industry trends and regulations related to vendor risk management.
7. Communicate risk management findings and recommendations to senior management and other relevant stakeholders.
8. Manage and maintain a comprehensive database of vendors and their associated risks.
9. Develop and maintain strong relationships with vendors and serve as a point of contact for risk-related inquiries.
10. Assist in the development and delivery of training programs for employees on vendor risk management.
11. Stay informed of any changes in vendor relationships and assess potential impacts on overall risk management strategy.
12. Continuously review and improve vendor risk management processes and procedures.
13. Prepare reports and presentations on vendor risk management for senior management and clients.
14. Collaborate with cross-functional teams to ensure a coordinated approach to risk management across the organization.
15. Adhere to all legal and ethical standards in relation to vendor risk management.

According to JobzMall, the average salary range for a Vendor Risk Specialist in Philadelphia, PA, USA is between $80,000 and $130,000 per year. However, this can vary depending on the specific company, industry, and level of experience of the individual. Some companies may offer higher salaries or additional benefits for this role.

McKinsey & Company is an American worldwide management consulting firm. McKinsey publishes the McKinsey Quarterly since 1964, funds the McKinsey Global Institute research organization, publishes reports on management topics, and has authored influential books on management.