Vendor and Third - Party Risk Consultant (contract)

To be a successful Vendor and Third-Party Risk Consultant with us, you'll need a strong background in business execution, project management, and compliance. It's important that you have experience in risk management and vendor management, as these are key components of the role. Furthermore, we prefer candidates who have a banking or financial background, as this knowledge enhances understanding of our compliance needs.

As a Vendor and Third-Party Risk Consultant, your primary responsibilities include managing complex projects, creating tactical and strategic plans, and generating status reports. You'll participate in high-level meetings, prepare meeting minutes, and assist in creating executive-level presentations. Additionally, you'll conduct regulatory gap analysis and develop newsletters or training materials that communicate essential information to stakeholders.

While this Vendor and Third-Party Risk Consultant position is based in Addison, TX, it offers flexibility. Depending on the project requirements and client needs, some remote work options may be available. However, you will be expected to engage closely with client personnel, making some in-office work likely.

Absolutely! As a Vendor and Third-Party Risk Consultant, you can enjoy a variety of benefits including health insurance, life insurance, a 401K plan, and voluntary benefits. This contract role is designed not just to advance your career but also to ensure your well-being and financial security.

Experience in business execution and strategic planning is invaluable for the Vendor and Third-Party Risk Consultant role. Familiarity with compliance and risk management practices, along with data analysis capabilities, will greatly enhance your effectiveness. Experience in banking or financial sectors is also preferred, as it provides better insight into the challenges you will face.

When discussing your project management experience, focus on specific projects you've led or participated in. Describe the methodologies you used, how you handled project timelines and deliverables, and any tools or software you are familiar with. Be sure to highlight any outcomes or successes that resulted from your leadership.

In your response, emphasize the process you follow for ensuring compliance with vendor management. Discuss how you identify regulatory requirements, conduct risk assessments, and establish compliance workflows. Providing examples of past scenarios where you successfully navigated compliance challenges can also strengthen your answer.

Effective communication requires clarity and consistency. Discuss the strategies you employ, such as regular updates, feedback sessions, and establishing clear lines of communication. Highlight any specific methods you've adopted to ensure that all stakeholders are informed and engaged throughout the project.

Here, you can walk the interviewer through a specific instance where you identified a regulatory gap. Explain the context, your findings, the actions you took to address the issue, and the outcome. This illustrates your analytical skills and initiative in resolving compliance-related challenges.

Share your approach to prioritization. Discuss how you assess urgency, importance, and deadlines for tasks. You might mention specific tools or techniques you use, such as task lists, project management software, or prioritization matrices, to ensure that you remain on track.

Data analysis is crucial for informed decision-making. Discuss how you leverage data to identify trends, measure outcomes, and support your recommendations. Providing a concrete example of how data analysis shaped a decision in a past project will showcase your analytical capabilities.

Be prepared to talk about your experience conducting vendor risk assessments. Outline the criteria you use to evaluate vendor risk and any specific frameworks or methodologies you're familiar with. Highlight a situation where your assessment led to improved vendor management or risk mitigation.

Conflict resolution is vital in any team setting. Share your techniques for addressing conflicts, such as open communication, mediation, and looking for compromise. Illustrating an actual situation where you successfully resolved a conflict will help demonstrate your interpersonal skills.

Discuss attributes like analytical skills, attention to detail, strong communication abilities, and a solid understanding of compliance frameworks. Relating these attributes to your experiences and how you believe they contribute to success in this role showcases your suitability for the position.

Keeping abreast of compliance regulations is essential. Talk about the channels you use, like industry publications, workshops, and professional networks. Mention any certifications or training you've completed to demonstrate your commitment to remaining informed about best practices in vendor and third-party risk management.