Job Specifications
Location
New York
Business Area
Legal, Compliance, and Risk
Ref #
10046416
Description & Requirements
The energy of a newsroom, the pace of a trading floor, the buzz of a recent tech breakthrough; we work hard, and we work fast - while keeping up the quality and accuracy we're known for. It's what keeps us inventing and reinventing, all the time. Our culture is wide open, just like our spaces. We bring out the best in each other through collaboration. Through our countless volunteer projects, we also help network with the communities around us, too. You can do amazing work here. Work you couldn't do anywhere else. It's up to you to make it happen.
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
5+ 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
Knowledge of international regulations governing third-party service providers
Experience with industry frameworks and standards such as NIST 800-53, COBIT 5, ISO/IEC 27001/2, HITRUST, PCI DSS, CSA CAIQ/CCM, CIS CSC, and NIST 800-171
Understanding of global data privacy laws and regulations, including GDPR, Schrems II, CCPA, and HIPAA
Familiarity with emerging regulatory requirements, such as the Digital Operational Resilience Act (DORA) and the EU Artificial Intelligence Act
Experience working with vendor risk assessment frameworks and 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 opera