Vendor Risk Specialist

Avaloq has created a centralized Global Vendor Risk Management (VRM) unit in order to identify, evaluate, manage and mitigate risks associated with our third parties across various risk areas.

The Vendor Risk Specialist will work closely with other members of the VRM team to organize and execute the vendor risk assessment process. In addition to working with established processes, a key outcome for this position will be to gain a broad understanding of Avaloq’s supplier base, with a view to developing into the position into that of a professional risk analyst capable of conducting supplier risk reviews independently and efficiently.

In general, he/she is responsible for the collection, analysis and reporting operational data and risk metrics in support of the VRM unit and its business unit partners. This professional will gather sufficient strategic, technical and operational information from internal business units and external third party to ultimately understand and communicate the current risks, business challenges and issues. In addition, this professional will gather due diligence on selected vendors and prepare reports on Third Party activities to all participants.

The Vendor Risk Specialist will be also contribute to the maintenance and continuous improvement of the global VRM framework.

Your mission

• Organize the execution of yearly and on demand Vendor Risk Assessment activities.
• Plan, organize and follow up of the annual execution.
• Create the report for management and relevant committees as a result of VRA campaigns.
• Monitor to significant events and risks related to third parties
• Perform risk-based due diligence on Avaloq’s third parties to address potential vulnerabilities across various risk areas: Cyber Security, Data Privacy, Financial Health, Business Continuity, Disaster Recovery, Operational Risk, Reputational Risk, among others. Moreover, on-site visits or telephone interviews can be performed on key vendors.
• Work with stakeholders in the various Business risk areas to complete assessments and execute remediation plans where applicable. Establishing relationships with vendors to implement good collaboration.
• Collect, develop and analyze Key Performance Indicators (KPIs), and Key Risk Indicators (KRIs).
• Collect data and provide quantitative analysis of current state, new objectives, supporting metrics and measures, and contribute to proposed solutions.
• Maintain and expand Third Party Risk Management framework.
• Improve reporting on TPM risk events
• Collaborate internally with various stakeholders (Partner management, Procurement, Risk, Data Privacy, Security, Business Continuity