AVP, Third Party Risk Management

AVP, Third Party Risk Management

Location : Chicago, IL

Compensation : 110-150k base

A leading financial services firm is seeking an experienced professional to join its Operational Risk Management team as an Assistant Vice President, focused on Third-Party Risk. This role is ideal for someone passionate about risk mitigation, vendor oversight, and business continuity planning. The successful candidate will help evolve and expand the firm's risk programs, drive strategic initiatives, and foster a strong risk culture across the organization.

Responsibilities

• Lead and enhance the Vendor Risk Management (VRM) and Business Continuity Management (BCM) programs.
• Guide implementation of the VRM framework and provide strategic direction to business units.
• Manage the central vendor repository and automate onboarding / offboarding processes.
• Facilitate oversight of vendor risk, ensuring visibility of threats and mitigation strategies.
• Conduct VRM training to promote awareness and effective application across the firm.
• Monitor industry developments and regulatory changes to ensure compliance.
• Liaise with third-party vendors and maintain strong professional relationships.
• Build and maintain reporting dashboards for senior management and oversight committees.
• Identify, track, and analyze operational risks; implement control improvements.
• Represent ORM in internal meetings, committees, and working groups.
• Foster relationships with key stakeholders to promote a strong risk culture.

Qualifications