Manager - Supplier Risk Strategy

McKinsey & Company; Boston (MA); On-site; USD 159,000 - 212,000; Full time

Job summary

McKinsey & Company is seeking a Manager for the Third-Party Risk Strategy within Optimize to lead the global supplier onboarding program. You will shape risk-based processes, implement third-party risk frameworks, and collaborate with Ethics & Compliance, Finance, Legal and Cyber teams across multiple offices.

You will report to the Senior Manager of Third-Party Risk Strategy and work from multiple U.S.

Qualifications

• 7+years of professional experience with 5+ years in risk management or compliance, ideally in a large multinational organization.
• Experience in developing internal controls, processes and principles related to third party risk management.
• Excellent judgment and exceptional integrity, as well as distinctive interpersonal and collaborative skills.
• Strong project management skills, with ability to drive to outcomes on cross-functional and complex projects.
• Curious mindset and demonstrated ability to learn new concepts and ideas, and to apply those concepts across multiple content areas.
• Strong professional computing skills, including Microsoft Office products (i.e. Excel, PowerPoint, Visio).
• Ability to use and develop AI capabilities.
• Comfortable with ambiguity in a work-setting, knowing how to address and manage unpredictable outcomes.
• Superior communication & interpersonal skills, including the ability to present to a global audience on a regular basis, build and maintain highly effective and collaborative relationships.

Responsibilities

• Design and evolve the firm's supplier risk lifecycle.
• Ensure onboarding processes are efficient, auditable, and aligned with risk appetite.
• Co-create strategy and manage risk-based processes for end-to-end supplier onboarding.
• Develop and implement McKinsey's third-party risk framework and risk programs.
• Assess service levels, controls, and processes; drive improvements.
• Define and monitor program metrics such as onboarding cycle times and risk coverage.
• Handle global stakeholders and report to Senior Manager of Third-Party Risk Strategy.
• Stay ahead of risk issues and drive special projects across the organization.

Skills

Risk management

Internal controls

Judgment & integrity

Project management

Curious mindset

Microsoft Office

AI capabilities

Ambiguity tolerance

Communication skills

Tools

Excel

PowerPoint

Visio

Job description

• Atlanta
• Boston
• London
• Miramar
• New Jersey
• New York City
• Philadelphia
• Tampa
• Washington DC

Do you want to do work that matters, alongside supportive leaders who will help you grow faster than you ever thought possible? Are you a creative problem-solver who is energized by challenges? You've come to the right place.

YOUR IMPACT

You will support the design and evolution of the firm's supplier risk lifecycle, including risk identification, onboarding due diligence, risk tiering, ongoing monitoring, issue management, and offboarding governance.

You will ensure that onboarding processes are efficient, auditable, and aligned with firm risk appetite and user experience expectations.

You will co-create strategy and manage risk-based processes that will enable an efficient and effective end-to-end supplier onboarding program and user experience. This includes the ongoing development and implementation of McKinsey's third-party risk framework and delivering risk programs to achieve excellence in managing supplier risk.

While day-to-day execution is led by the Operations team, you will be accountable for program performance and alignment to strategy. You will assess whether service levels, controls, and processes are operating effectively, and drive improvements where gaps are identified. You will define and monitor key program metrics, including service levels, onboarding cycle times, risk coverage, and remediation effectiveness. You will use these insights to optimize performance, reduce risk exposure, and improve the overall third-party experience.

You will be part of Optimize, McKinsey's global procurement capability, enhancing and protecting the firm's resources and reputation by making responsible buying easy and creating leading solutions and experiences across our third-party ecosystem. We are hiring a Manager for the Third-Party Risk Strategy pillar of Optimize's Third Party Risk & Social Responsibility team. Thisteam defines and governs the firm's global third-party risk management (TPRM) program, spanning various third-party types and risk domains. You will report to the Senior Manager of Third-Party Risk Strategy and work closely with global stakeholders including Ethics & Compliance, Finance, Legal, Cyber focused specifically on suppliers the firm engages with to deliver products and services. You will be based out of London, Philadelphia, New York/New Jersey, Atlanta, Boston, Miramar, Tampa, or Washington DC office.

To further build the firm's capabilities, you will play a leading role in continually improving the risk management capabilities, technologies, data sources and documentation of the supplier onboarding program. You will support the development of standards, reporting and other program materials and documentation while ensuring that the onboarding program processes are auditable. You will partner with the broader Third-Party Risk team to foster and coach a risk first awareness culture at McKinsey.

You will stay ahead of risk issues and drive special projects that address emerging risks, market developments and/or internal customer needs. You can expect to manage a broad range of interesting projects on a global level.

YOUR GROWTH

You are someone who thrives in a high-performance environment, bringing a growth mindset and entrepreneurial spirit to tackle meaningful challenges that have a real impact.

In return for your drive, determination, and curiosity, we'll provide the resources, mentorship, and opportunities to help you quickly broaden your expertise, grow into a well-rounded professional, and contribute to work that truly makes a difference.

When you join us, you will have:

• Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
• A voice that matters: From day one, we value your ideas and contributions. You'll make a tangible impact by offering innovative ideas and practical solutions, all while upholding our unwavering commitment to ethics and integrity. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
• Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm's diversity fuels creativity and helps us come up with the best solutions. Plus, you'll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
• Exceptional benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package to enable holistic well-being for you and your family.

YOUR QUALIFICATIONS AND SKILLS

• 7+years of professional experience with 5+ years in risk management or compliance, ideally in a large multinational organization
• Experience in developing internal controls, processes and principles related to third party risk management
• Excellent judgment and exceptional integrity, as well as distinctive interpersonal and collaborative skills
• Strong project management skills, with ability to drive to outcomes on cross-functional and complex projects
• Curious mindset and demonstrated ability to learn new concepts and ideas, and to apply those concepts across multiple content areas
• Strong professional computing skills, including Microsoft Office products (i.e. Excel, PowerPoint, Visio)
• Ability to use and develop AI capabilities
• Comfortable with ambiguity in a work-setting, knowing how to address and manage unpredictable outcomes
• Superior communication & interpersonal skills, including the ability to present to a global audience on a regular basis, build and maintain highly effective and collaborative relationships

Please review the additional requirements regarding essential job functions of McKinsey colleagues.

Our unwavering commitment to integrity drives everything we do, guiding us to always act in the best interests of our clients, our people, and the communities we serve.

Industries

Capabilities

FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role.
To help you understand what you can expect, the salary range for new joiners in this role in United States, including all office locations where the job may be performed, is $159,200 - $212,100 USD gross per year. This reflects our best estimate of the lowest to highest
[salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important
to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current
organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion
and based on factors such as individual and/or organizational performance.

Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families.
This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance,
and paid time off.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.