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Volkswagen Financial Services · 1 day ago

Vendor Risk & Compliance Lead

Reston, VA

Full-time

Hybrid

Senior Level

7+ years exp

Volkswagen Financial Services is a wholly-owned subsidiary of Volkswagen Group, specializing in mobility solutions for its brand partners. The Vendor Risk Management (VRM) Supervisor role is responsible for leading the VRM team, enhancing standards, and managing vendor contracts while ensuring compliance with regulatory requirements.

Customer ServiceFinanceFinancial Services

Comp. & Benefits

Responsibilities

Develop guidelines and enhance standards in accordance with VCI and/or regulatory requirements and company policies

Review and update vendor risk management guidelines, ensuring the effective integration of industry best practices and regulatory changes impacting third party risk management and the ongoing alignment of the standards and related policies

Assess/update policies and procedures to manage vendor risks, and to effectively respond to new risk, compliance and regulatory needs

Continuously elevate business units’ working knowledge of VRM operations to enable the company to respond to new risk, compliance, and regulatory needs

Develop, coordinate, and execute quality assurance and ensure process effectiveness

Ensure ongoing monitor and promptly reporting of vendor regulatory violations including determining course of action and documenting violations in the VRG system regularly

Develop processes and methodologies in accordance with company policies, programs, standards, and expectations

Create and continuously improve various vendor risk management standards (i.e., third party incident monitoring templates, monitoring guidelines)

Collaborate and build strong relationships with the business units and other stakeholders as needed to gain buy-in for various vendor risk management initiatives

Influence and provide leadership and guidance to the VRM team and work with the business units in translating vendor management requirements into practical considerations

Provide subject matter expertise as it relates to VRM in cross functional discussions on compliance matters, integration, due diligence, standards, and other regulatory requirements

Administrate contract activities such as proposal preparation, contract negotiation, and contract administration as it applies to the VRM function

Produce governance and oversight reporting (for management, executive, and Sub-committees) and work with the business units to establish key risk indicators to inform reporting on vendor risks

Work with Procurement on issues and escalations and ensure risk mitigation plans and actions are effectively implemented

Develop communications and training materials relevant to VRM guidelines, policies and processes to ensure effective implementation of existing and updated governing policies and processes

Assess resource requirements and determine a feasible approach to skill-mix working in conjunction with key stakeholders

Qualification

Vendor risk managementEnterprise risk managementProject managementRisk reviewsAssessmentsQuantitativeQualitative analysisFederal regulations knowledgeAnalytical thinkingInfluencing skillsOrganizedPeople managementComputer savvyCommunication skillsProblem solvingDetail-oriented

Required

BBA or BBS

7-10 – Overall Financial Services experience

6+ years – Experience in enterprise risk management and vendor risk management

3+ years – Qualitative and qualitative operational risks and exposures

Risk reviews and assessments

Vendor risk regulations and control standards

Quantitative and qualitative knowledge of operational risks and exposures

Basic Knowledge of Federal regulations regarding service providers

Project management experience

Analytical and conceptual thinking – using logic and reason, creative, and strategic

Communication skills – interpersonal, presentation, and written

Influencing and negotiation skills

Problem solving

Organized, detail-oriented with ability to understand big picture

People and resource management

Computer savvy – skilled in the use of software

Company

Volkswagen Financial Services

Glassdoor4.0

Volkswagen Financial Services has been helping drivers around the world with their journey to owning a new Volkswagen. It is a sub-organization of Volkswagen Group.

Founded in 1955

Herndon, Virginia, USA

10001+ employees