Vendor Risk Management, SVP - Procurement

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

The Role:

This is a high-impact leadership role within the Procurement organization and is responsible for co-leading the Vendor Risk Management and Onboarding area with focus on vendor risk management activities globally.  The ideal candidate will possess a mix of emotional and intellectual intelligence, deep understanding of the broader vendor risk management and onboarding space, especially vendor risk management, and exceptional team management skills.  The role is full time, based in Miami, FL.

Key Responsibilities:

• Provide subject matter expertise and collaborate with various stakeholders to maintain and enhance enterprise global third-party risk management program

• Define and manage data gathering, preparation, and execution of third-party risk assessments for new vendors and technologies, and guide regular risk reviews for high and critical vendors

• Develop and execute remediation actions, mitigations, and contingency plans for identified risks

• Design and execute process enhancements to risk management program, including updates to policies and procedures

• Manage team focusing on performance as well as talent identification and development

• Work closely with onboarding team to ensure timely and efficient execution of onboarding process

• Collaborate with sourcing, legal and compliance, and IT teams to review contracts ensuring compliance with internal policies and regulatory standards

• Provide management and oversight to remote external vendor currently performing risk management activities

• Ensure compliance with global risk management regulatory requirements, performing regular monitoring of regulatory standards and drive readiness for upcoming changes

• Maintain vendor risk databases and communicate risk assessments findings across the organization

• Establish and publish KPIs and SLAs to evaluate the effectiveness of area and initiatives

• Understand risk management platforms and systems, acting as subject matter expert in functionality, identifying areas of improvements, and leading projects to implement such improvements

• Build communication and escalation plans around third-party risk activities

• Develop and maintain strong relationships with individuals and groups involved in the third-party risk management program 

• Identify and report suspicious activity

• Stay informed about area and industry trends, market dynamics, and emerging technologies

Qualifications:

• 15+ years of professional experience with at least 10 years of experience in vendor risk management (or compliance) and onboarding, preferably in financial services sector

• In depth knowledge of vendor risk and onboarding activities processes, and procedures, especially around third-party risk management.  Proven track record of successfully designing and managing global programs

• Familiarity with third-party risk management frameworks

• Strategic mindset with sound financial and business acumen, and well-defined decision-making skills

• Dynamic team player, proactive, self-starter with outmost professional integrity and ethics

• Strong analytical, problem solving and creative thinking skills. Experience  interpreting data to make data-driven decisions

• Demonstrated leadership capabilities, with proven experience building, motivating, and leading teams

• Resilient, curious, and experience navigating ambiguity

• Experience bu