Vendor Risk Management & Onboarding, SVP - Procurement

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

The Role:

This is a high-impact leadership role within the Procurement organization and is responsible for leading all third-party risk management and onboarding activities globally.  The ideal candidate will possess a mix of emotional and intellectual intelligence, exceptional team management skills and a deep understanding of the vendor risk management and onboarding space. 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 and onboarding programs

• Define and manage data gathering, preparation, and execution of third-party risk and onboarding 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 and onboarding programs, including updates to policies and procedures, to ensure timely and thorough delivery

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

• 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 and onboarding 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 and onboarding activities

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

• 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 building strong relationships internally and externally with a high level of customer service orientation

• Proficiency in third-party applications and software in the risk management space, as well as MS Office suite and other relevant software (Coupa knowledge a plus)

• Bachelor’s degree in business or related field, an MBA would be a plus

• Experience working in global and fast-paced environment

• Experience managing distributed and virtual teams

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$200,000 - $225,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.