Global Banking & Markets - Vendor Management - Associate

BLR VRO Responsibilities

Assist in the review and management of the Loan Management vendors by acting as the Vendor Relationship Owner (VRO) or Co-VRO as applicable. GS has specific requirements based on the inherent risks of the vendor servicers and requires the VRO appropriately onboard the vendor, complete recurring oversight functions in the Know Your Third Party (KY3P) vendor portal, as well as coordinate other GS risk partner surveys and responses and manage any issues identified within the Vendor Risk Portal (VRP).

Assist in Vendor onboarding tasks and status monitoring.

Coordinate with other GS Risk Partners for completion of KY3P tasks.
Assist in ongoing monitoring for all vendor oversight activity.
Work with different risk partners teams to close/ remediate/ mitigate the open risks finding in
timely manner.
Work with Vendor Tech Risk (VTR) and Third Party Risk Management (TPRM) as follows;
o Ensure KY3P Profiles and Risk Tiers are established appropriately
o Coordinate VRP issues and obtain details on identified issues and requirements for
remediation
o Respond to VRP issues and either remediate, request cancellation (if erroneous), or risk
accept pending remediation or lack of ability to remediate
o Assist in coordinating required vendor meetings to resolve VRP issues
Manage a vendor working file of all VRP issues and prior review responses
Draft email requests that require VP, MD or PMD and TPRSG approvals (these will be sent to the
Dallas LOB POC for approval.
Escalate internal or vendor related issues, points of clarification or reviews with the Dallas LOB
POC
Exhibit an understanding of the use of third party vendors and associated risks
Knowledge of Private Internal Information (PII) and the need to protect it
Working knowledge of Service Organization Control Reports (SOC) and how to identify issues
raised within them
General business knowledge of loan servicers to identify if issues are truly relevant to the
services provided and if there are ways to remediate issues raised
Good communication skills (verbal, written)
Required Skillset

Good Experience in Vendor management, vendor risk management, third party risk
management, operational or financial risk management.
Good Understanding and working knowledge in Risk Mitigation, Contract Management, Client
management and internal stakeholder management.
Good understanding of the standard risk controls methods.
Aware of Ariba setup and hands on experience on vendor onboarding and vendor oversight
activities.