Vendor Risk Manager

The Vendor Risk Manager is responsible for managing and mitigating risks associated with third-party vendors to ensure compliance with company policies and regulatory requirements. This role involves a deep understanding of the third-party vendor risk landscape, industry best practices and the ability to collaborate effectively with business owners and vendor account representatives

Job Responsibilities

• Vendor Due Diligence: Conduct thorough due diligence on potential and existing vendors to assess risks.
• Risk Assessments: Perform regular risk assessments and audits to ensure vendors comply with company policies and regulatory requirements.
• Monitoring and Reporting: Continuously monitor vendor performance and report on risk metrics.
• Policy Development: Develop and maintain vendor risk management policies, procedures, and documentation.
• Collaboration: Work closely with sourcing managers, business units, and other stakeholders to manage vendor relationships and mitigate risks.
• Regulatory Compliance: Ensure compliance with relevant regulations and standards, such as GDPR, HIPAA, or industry-specific requirements.
• Incident Management: Handle vendor-related incidents and work on remediation plans to address any issues.
• Understand industry trends and evolving technology to help team proactively identify issues to minimize risk, protect continuity of services, and utilize emerging opportunities
• Provide input to vendor selection and build ongoing vendor relationships
• Maintain and develop supplier relationships (trade shows, supplier meetings, conferences, etc.)
• Understand and support short-term and long-range planning and budget development of the company to support strategic business goals
• Support established vendor governance program with key suppliers including metrics, performance goals and improvement initiatives
• Adhere to Sourcing policies and standard processes while ensuring compliance within the department
• Seek to continuously improve productivity and efficiency of processes throughout the VRM organization
• Support forecasts for future renewals, demand needs, and expansion of services in a timely fashion for assigned category(s) based upon vendor lead-time
• Manage and mentor direct reports encouraging professional growth & development
• Oversee staffing/recruiting/training /coaching of direct reports including performance reviews

Basic Qualifications

• Bachelor’s degree required        
• 6+ years’ experience in either VRM, Sourcing or  Procurement industry
• 4+ or more years’ experience category and contract management for outsourcing services or procurement commodity purchases
• Preferred in people leadership experience in VRM, Sourcing or Procurement
• Cross functional experience at the interfaces of IT/technology/operations/finance/sales/marketing/legal/HR/Real estate & facilities, and the lines of business
• Address escalations/disputes between cross-functional stakeholders and suppliers and/or engage leadership as appropriate
• Commitment to supplier diversity
• Ability to manage projects and accountable to ensure successful delivery (on time, within budget, meeting agreed upon success criteria)
• Good knowledge of the legal terminology and language related to third-party agreements and contracts
• Application of sourcing and supplier industry concepts for assigned scope of responsibility
• Advanced skills and working knowledge of MS Office and MS Excel
• Strong analytical skills, attention to detail, and the ability to manage multiple tasks. Knowledge of regulatory requirements and risk management frameworks is essential.
• Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders.
• Ability to interact with and present to the  mid-levels of executive leadership within Assurant and the supplier
• Must ensure compliance at all times with company business policies and procedures
• May have responsibilities with a matrixed global team of outsourced providers and an analyst team offshore (example – India)   
• Knowledge of Third Party Risk Management concepts and best practices.
• Experience with Monday.com, ServiceNow and Apttus preferred

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Pay Range:

Any posted pay range considers a wide range of compensation factors, including candidate background, experience and work location, while also allowing for salary growth within the position.

Expected application deadline is

If date is blank then this is a pipeline requisition, and we will continue to collect applications on an ongoing basis.

Helping People Thrive in a Connected World
Connect with us. Bring us your best work and your brightest ideas. And we’ll bring you a place where you can thrive. Learn more at jobs.assurant.com.

For U.S. benefit information, visit myassurantbenefits.com. For benefit information outside the U.S., please speak with your recruiter.

What’s the culture like at Assurant?
Our unique culture is a big reason why talented people choose Assurant. Named a Best/Great Place to Work in 13 countries and awarded the Fortune America’s Most Innovative Companies recognition in 2023, we bring together top talent around the world. Although we have a wide variety of skills and experiences, we share common characteristics that are uniquely Assurant. A passion for service. An ability to innovate in practical ways. And a willingness to take chances. We call our culture The Assurant Way.

Company Overview
Assurant is a leading global business services company that supports, protects, and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Equal Opportunity Statement
Assurant is an Equal Employment Opportunity employer and does not use or consider race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity, or any other characteristic protected by federal, state, or local law in employment decisions.