Vendor Risk Management & Onboarding, SVP - Procurement

The Blackstone Group L.P.; Miami (FL); On-site; USD 200,000 - 225,000; Full time

Benefits offered by this job

Health benefits

401(k) plan

Paid time off

Life insurance

Equity/bonus potential

Job summary

The Blackstone Group L.P. is seeking a senior leader to head global third-party risk management and onboarding from its Miami base. You will guide assessments, design remediation actions, and drive policy and procedure improvements across the enterprise.

You will manage a distributed team, collaborate with sourcing, legal, and IT, and ensure regulatory readiness and strong vendor relationships in a fast-paced financial services environment.

Qualifications

• 15+ years of professional experience with at least 10 years in vendor risk management or compliance and onboarding.
• Deep knowledge of third-party risk management frameworks and processes.
• Proven track record designing and managing global programs.
• Experience leading distributed and virtual teams.

Responsibilities

• Provide SME leadership to maintain and enhance global third-party risk management and onboarding programs.
• Define data gathering, preparation, and execution of risk and onboarding assessments for vendors and technologies.
• Develop remediation actions, mitigations, and contingency plans for identified risks.
• Design process improvements to risk management and onboarding programs and update policies and procedures.
• Lead and develop a high-performing team.
• Collaborate with sourcing, legal, compliance, and IT to review contracts for policy and regulatory alignment.
• Monitor regulatory standards and readiness for changes.

Skills

Vendor risk management

Onboarding processes

Regulatory compliance

Stakeholder collaboration

Leadership and people management

Data-driven decision making

Education

Bachelor's degree in business or related field

MBA

Tools

Coupa

MS Office

Job description

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 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

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), [phone] (EMEA) or [phone] (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.

At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career.