Director, Strategic Sourcing Enterprise Third-party Risk Process & Governance

Director, Strategic Sourcing Enterprise Third-Party Risk Process & Governance

As a key Team Manager and leader in the Strategic Sourcing function, the Director, Strategic Sourcing Enterprise Third-Party Risk Process & Governance leader is responsible for leading the operational execution of the end-to-end third party risk process as a key member of the Central Risk Management team.

This role is responsible for shaping, driving and managing central third-party risk management processes, supporting cross-functional teams, and ensuring consistent application of risk policies and procedures across the third-party / supplier life cycle. The Director will collaborate closely with business owners, risk SMEs, sourcing teams and the rest of the Central Risk Management team to assess, monitor, and mitigate third-party risks, while driving process efficiency and compliance. The leader will play a key role in expanding the current risk processes and implementing the new processes, including driving change management, for more holistic third-party risk management practices across the company.

The leader will work collaboratively with internal Stakeholders, develop sound third party risk approaches, utilize knowledge and expertise of processes, leverage best practices and drive risk visibility and ultimately risk management actions and a transparent enterprise governance process for managing and underwriting risks.

The ideal candidate is a forward-thinking leader with a deep understanding of pragmatic third party risk processes, tools and technology, change management, and user-centric design principles.

This role reports to the Senior Director of Strategic Sourcing Enterprise Third-Party Risk Management and will serve as a key contributor to the enterprise third-party risk management strategy, with a focus on execution, governance and reporting, and continuous improvement.

Key Duties and Responsibilities :

Operational Leadership

• Lead initiatives to implement the expanded third-party risk management processes, including change management
• Manage day-to-day operations of the holistic centralized third-party risk management process.
• Oversee supplier criticality assessments and ensure consistent application of risk evaluation tools.
• Maintain and update the supplier risk repository, including tracking mitigation actions and ownership.
• Support and coordinate risk assessments for critical suppliers in partnership with business leads and risk SMEs.
• Support the development and automation of risk metrics and dashboards for visibility and reporting.
• Assist in maintaining enterprise third-party risk management tools such as the risk appetite matrix and risk mitigation playbooks and ensure alignment with business inputs.

Governance & Compliance

Cross-Functional Collaboration & Continuous Improvement

Leadership & Change Management

Success Measures

Knowledge and Skills :

Ability to manage multiple priorities while ensuring deliverables are fully met, including more complex and involved projects.

Knowledge of regulatory requirements and industry best practices in third-party risk.

Education and Experience :

Pay Range : $175,200 - $262,800

Disclosure Statement :

The range provided is based on what we believe is a reasonable estimate for the base salary pay range for this job at the time of posting. This role is eligible for an annual bonus and annual equity awards. Some roles may also be eligible for overtime pay, in accordance with federal and state requirements. Actual base salary pay will be based on a number of factors, including skills, competencies, experience, and other job-related factors permitted by law.

At Vertex, our Total Rewards offerings also include inclusive market-leading benefits to meet our employees wherever they are in their career, financial, family and wellbeing journey while providing flexibility and resources to support their growth and aspirations. From medical, dental and vision benefits to generous paid time off (including a week-long company shutdown in the Summer and the Winter), educational assistance programs including student loan repayment, a generous commuting subsidy, matching charitable donations, 401(k) and so much more.

Flex Designation : Hybrid-Eligible Or On-Site Eligible

Flex Eligibility Status :

In this Hybrid-Eligible role, you can choose to be designated as : 1. Hybrid : work remotely up to two days per week; or select 2. On-Site : work five days per week on-site with ad hoc flexibility.

Note : The Flex status for this position is subject to Vertex's Policy on Flex @ Vertex Program and may be changed at any time.

Company Information

Vertex is a global biotechnology company that invests in scientific innovation.

Vertex is committed to equal employment opportunity and non-discrimination for all employees and qualified applicants without regard to a person's race, color, sex, gender identity or expression, age, religion, national origin, ancestry, ethnicity, disability, veteran status, genetic information, sexual orientation, marital status, or any characteristic protected under applicable law. Vertex is an E-Verify Employer in the United States. Vertex will make reasonable accommodations for qualified individuals with known disabilities, in accordance with applicable law.

Any applicant requiring an accommodation in connection with the hiring process and / or to perform the essential functions of the position for which the applicant has applied should make a request to the recruiter or hiring manager, or contact Talent Acquisition at ApplicationAssistance@vrtx.com.