Vendor Risk & Compliance Supervisor - Us

Role Summary

The Vendor Risk Management (VRM) Supervisor role is responsible for leading the VRM team and enhancing the VRM standards, documenting, directing, implementing and successful integration of end-to-end management, including review and management of vendor contract process. The incumbent is responsible for providing independent oversight and developing the methodologies, policies, process, and tools to enhance the vendor risk management standards and support company business objectives while meeting stakeholder expectations; and create a structure to readily respond to risk, compliance and regulatory needs.

Role Responsibilities

VRM Standards & Guidelines: (40%)

• Develop processes and methodologies in accordance with company policies, programs, standards, and expectations.
• Continuously elevate business units’ working knowledge of VRM operations to enable the company to respond to new risk, compliance, and regulatory needs.
• Review and update vendor risk management guidelines, ensuring the effective integration of industry best practices and regulatory changes impacting third party risk management and the ongoing alignment of the standards and related policies.
• Develop guidelines and enhance standards in accordance with VCI and/or regulatory requirements and company policies.
• Create and continuously improve various vendor risk management standards (i.e., third party incident monitoring templates, monitoring guidelines).
• Develop, coordinate, and execute quality assurance and ensure process effectiveness.
• Assess/update policies and procedures to manage vendor risks, and to effectively respond to new risk, compliance and regulatory needs.
• Ensure ongoing monitor and promptly reporting of vendor regulatory violations including determining course of action and documenting violations in the VRG system regularly.

Project Management, Relationship & Engagement: (45%)

• Collaborate and build strong relationships with the business units and other stakeholders as needed to gain buy-in for various vendor risk management initiatives.
• Administrate contract activities such as proposal preparation, contract negotiation, and contract administration as it applies to the VRM function.
• Influence and provide leadership and guidance to the VRM team and work with the business units in translating vendor management requirements into practical considerations.
• Provide subject matter expertise as it relates to VRM in cross functional discussions on compliance matters, integration, due diligence, standards, and other regulatory requirements.

Governance & Oversight: (10%)

• Produce governance and oversight reporting (for management, executive, and Sub-committees) and work with the business units to establish key risk indicators to inform reporting on vendor risks. Work with Procurement on issues and escalations and ensure risk mitigation plans and actions are effectively implemented.

Maintenance of Standards/Guidelines & Communication: (5%)

• Develop communications and training materials relevant to VRM guidelines, policies and processes to ensure effective implementation of existing and updated governing policies and processes.
• Assess resource requirements and determine a feasible approach to skill-mix working in conjunction with key stakeholders.

Hybrid

Primary Location

United States-Virginia-Herndon

Other Locations

Canada-Ontario-Ajax

Experience

Required –

• 7-10 – Overall Financial Services experience
• 3+ years – Qualitative and qualitative operational risks and exposures
• 6+ years – Experience in enterprise risk management and vendor risk management

Education

Required –

• BBA or BBS

Desired –

• Other relevant professional designations
• MBA

General Skills

• Influencing and negotiation skills
• Analytical and conceptual thinking – using logic and reason, creative, and strategic
• Computer savvy – skilled in the use of software
• Problem solving
• Communication skills – interpersonal, presentation, and written
• Organized, detail-oriented with ability to understand big picture
• People and resource management

Specialized Skills

Required –

• Project management experience.
• Vendor risk regulations and control standards.
• Basic Knowledge of Federal regulations regarding service providers.
• Quantitative and qualitative knowledge of operational risks and exposures.
• Risk reviews and assessments.

Desired –

• Procurement/Contract Administration experience.
• Exposure to risk management oversight activities.
• Enterprise risk management best practices and controls.
• Project Management Certification.

Work Flexibility

• 1%-20% of the time to vendor locations as required.
• Work primarily from home with office presence required up to 50% of the time.

Volkswagen Group of America is an Equal Opportunity Employer. We welcome and encourage applicants from all backgrounds, and do not discriminate based on race, sex, age, disability, sexual orientation, national origin, religion, color, gender identity/expression, marital status, veteran status, or any other characteristics protected by applicable laws. We maintain a drug-free workplace and perform pre-employment substance abuse testing.