Vendor Risk Manager - Chief Risk Office
Bloomberg
New York, NY, USA
Posted on Nov 14, 2024
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Vendor Risk Management (VRM) is part of the Chief Risk Office (CRO) and responsible for assisting Bloomberg departments and select subsidiaries of Bloomberg LP in the selection, assessment, mitigation and continuous monitoring of risks introduced by vendors and other third-party service providers.
What's The Role?
We are looking for a Vendor Risk Manager with a strong background in Information Security, Operational Resilience, Technology Audit and/or Risk Management. You will work with Bloomberg departments and subsidiaries to perform the inherent risk assessment of their vendor engagements, create and maintain the risk profile of vendors and vendor products / services, and drive control assessment and risk remediation activities across our vendor population while contributing to strategic initiatives to enhance the overall Vendor Risk program in line with our transformation roadmap. Your work will add value to Bloomberg departments and subsidiaries that use third parties to achieve their goals, by helping them appropriately manage vendor risk throughout the vendor lifecycle.
We'll Trust You To:
- Liaise with business and technology teams to understand their use of vendor services and products and appropriately assess the inherent risks related to information security, privacy, resiliency, concentration, regulatory compliance, subcontracting, location / geography, among others.
- Maintain the vendor and vendor engagement inventory and risk profiles
- Conduct due diligence control assessments, continuously monitor and report on Vendor and vendor engagement risks
- Coordinate risk mitigation activities with vendors and Bloomberg departments and subsidiaries
- Interpret, train and enforce compliance with Bloomberg’s Vendor Risk Management Policy
- Cultivate and leverage relationships with CISO, Legal, Compliance, Enterprise Risk Management (ERM) and other control functions to accomplish objectives
- Lead key VRM activities and demonstrate understanding of the top and material risks affecting Bloomberg, our supply chains, and our clients
- Act as subject matter expert on VRM matters supporting Bloomberg departments for which you are responsible
- Provide advisory support to Bloomberg departments on risk
- Provide and coordinate input to key compliance, legal and regulatory initiatives
- Demonstrate existing or develop targeted material to deliver actionable risk reporting to Bloomberg departments as needed
- Participate in select risk committees / working groups
You’ll Need to Have:
- Bachelor’s or master’s degree in Computer Science, Information Security, Business Management or equivalent industry experience
- 7+ years of experience working in the field of Risk Assurance, Risk Management, Internal Audit or other Compliance-related experience
- An understanding of Cloud Computing and how to assess cloud-related risks
- Familiarity with international regulations regarding third-party service providers
- Familiarity with Industry Frameworks (NIST 800-53, COBIT 5, ISO/IEC 27001/2, HITRUST, PCI DSS, CSA CAIQ and CCM, CIS CSC, NIST 800-171) and Data Privacy regulations/standards
- Familiarity with Data Privacy regulations and industry standards (e.g., GDPR, Schrems II, CCPA, HIPAA)
- Familiarity with the Digital Operational Resilience Act (DORA) and the European Union Artificial Intelligence (EU AI) Act
- Familiarity with Vendor Risk Assessment Frameworks/Tools (e.g., SIG, VSAQ)
- Technical knowledge in multiple risk domain areas such as application, architecture, system and network security, identity/access management, etc.
- Knowledge of current Information Security threats, trends, and mitigations
- Skilled in risk management, technical risk analysis, and making complex business/risk trade-off recommendations and decisions
- Understanding of impact of financial, technology and privacy regulations on Fintech products and services
- Demonstrated ability to lead and influence others
- Senior level written and verbal communication skills
- Demonstrated leadership, teamwork and collaboration skills
- Industry certifications (CISSP, CISA, CISM, CTPRP, CIPT/CIPP, GSEC, GIAC, etc.)
We’d Love to See:
- An understanding of supplier agreements, contractual terms and service level agreements
- Experience in developing and deploying operational performance metrics to measure IT security effectiveness and operational resilience
- Experience with Cloud-based IT architectures and security products
Does this sound like you?
Apply if you think we're a good match. We'll get in touch to let you know that the next steps are, but in the meantime feel free to have a look at: https://www.bloomberg.com/company/what-we-do/