Job description
- The GBM Third Party Risk Management Strategy team within GBM oversees the control framework and guides GS managers implement oversight on a broad spectrum of processes managed by Vendors
- The Quality Control position in GBM Third Party Risk Management Strategy team provides an opportunity for a dynamic and risk-aware individual to take part in shaping GBM s Third Party control framework related to a broad spectrum of firm policies and processes, including but not limited to Customer Due Diligence, Regulatory Reform, FICC Ops, Equities, PB Ops, Pre-matching, Settlements etc
- The role is part of a team responsible for overseeing aspects of policy implementation, quality assurance, audit facilitation and relative analytics for the GBM teams
- The successful candidate will be able to exercise independent judgment, discretion, and decision-making
HOW YOU WILL FULFILL YOUR POTENTIAL
- Work with Senior Leadership, Sourcing, Third Party Risk Resilience teams and Vendors to develop, implement and deliver complex and strategic cross divisional initiatives
- Build data tracking and management tooling which can be leveraged for reporting to senior stakeholders.
- Implement quality assurance and testing approaches for vendor engagements by understanding the procedures, doing quality checks for balancing risk and control
RESPONSIBILITIES
- Supporting the divisions to ensure they comply with the firms Vendor Management (VM) programs.
- Equipping Vendor Relationship Owners with skills, training, and awareness on their roles
- Engaging with Risk Partners across the organization (e.g. compliance, technology), as needed, helping the divisions to understand third party risks
- Reporting to divisional stakeholders on VM activities, including outstanding risks and ongoing initiatives
- Evaluating and providing guidance to key divisional stakeholders to support implementation and compliance with the Vendor Management Policy and Standard, and challenging divisional TPRM activities, where appropriate
- Engage with the divisions to raise awareness of the third-party risk management framework as well as develop the risk management skills of all Vendor Relationship Owners
- Developing and providing periodic global and regional reporting on vendor landscape, risks, controls, and overall status of divisional execution against the program requirements
- Support and help lead aspects of global TPRM program initiatives and priorities, working with global program and capability leads, as well as the global team overall.
- Champion and advocate for program maturity and development with key partners across the organization, ensuring alignment with GBMs overall third-party strategy.
- Design the appropriate framework and operating model to support the integration of risk control and business functions, the ongoing management of the third-party lifecycle, and maturing the existing third-party segmentation, risk tiering, and stratification.
SKILLS EXPERIENCE WE RE LOOKING FOR
- 1-3 years experience in a business / Non-Financial Risk management/Third Party Risk Management pertaining to vendor services/ applications and Contingent Workers
- Experience in dealing with external vendors single handed.
- Experience in managing/ coordinating with multiple functions including business functions, technology teams, compliance etc.
- Experience in data analysis and in creating dashboards using BI tools like Tableau, Alteryx etc. would be an added advantage.
- A deep understanding of the different risk domains pertaining to third parties (e.g., Information/ Cyber Security, Cloud concepts, Privacy, Compliance, BCP etc.) and their unique requirements.
- In depth understanding of SDLC and experience in coordinating deployment cycles
- Strong experience addressing senior-level leadership and the ability to collaborate and lead cross-functional teams and initiatives.
- Designing, testing, or monitoring of internal risk controls.
- Passion for delivering and promoting quality in all aspects of your work and applying professional judgement.
- Creativity/Innovation – Looks for new ways to improve current processes and develop creative solutions that are grounded and have practical value.
- Managing and developing junior team members through delegation, supervision, and coaching
