[Hiring] 3rd Party Risk Management Associate @Santander

Role Description

As a 3rd Party Risk Management Associate, you will play a crucial role in managing and nurturing relationships with our vendors to optimize performance and drive business growth. This role requires strong organization skills and excellent leadership skills. You will be responsible for conducting business reviews, reviewing vendors' performance, and ensuring compliance with our Third-Party Risk Management (TPRM) standards. Additionally, you will participate in contract negotiations, review business continuity plans, SOC audits, and certificates of insurance.

• Coordinate and perform business reviews, review exit strategies, conduct Inherent Risk Assessments, while ensuring adherence to TPRM Standards.
• Serve as the primary point of contact for vendors, maintaining open lines of communication and addressing any concerns or issues promptly.
• Manage the onboarding process for new vendors, including setting timelines, coordinating necessary documentation, and facilitating introductory meetings.
• Request and review certificates of insurance from vendors to ensure compliance with contractual requirements.
• Oversee the timely upload and review of vendor reports, ensuring accuracy and completeness of data.
• Collaborate cross-functionally with internal teams, including procurement, legal, and finance, to streamline processes and resolve any vendor-related issues.
• Monitor vendor performance metrics and provide regular updates to internal stakeholders, identifying areas for improvement and implementing corrective actions when necessary.
• Build and maintain strong partnerships with the various business line owners you will support.

Qualifications

• Bachelor’s degree in business administration, supply chain management, or equivalent work experience – Required.
• 5+ years of experience in vendor management, partner relations, or a similar role within a similar industry – Required.
• Proven track record of successfully managing vendor relationships and driving results.
• Strong understanding of TPRM standards and best practices.
• Excellent communication and negotiation skills, with the ability to build rapport and influence stakeholders at all levels.
• Highly organized with exceptional attention to detail and the ability to manage multiple priorities in a fast-paced environment.
• Proficiency in Microsoft Office Suite and experience with vendor management software is preferred.

Requirements

• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Benefits

• The base pay range for this position is $71,250.00 - $120,000.00 USD.
• Expect a fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits are designed to support you, your family, and your well-being, now and into the future.

Company Description

Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.