Vendor Risk Management Analyst in London

Company description Latham & Watkins is one of the worlds leading global law firms advising the businesses and institutions that drive the global economy. We are the market leaders in major financial and business centers around the world. Our investment in people, commitment to innovation, and focus on the future empower you to build an incredible career and thrive as an exceptional professional in a supportive culture. If you aspire to be the best, and work with the best, this is where you belong.

About the Role The Vendor Risk Management Analyst is an integral part of Lathams Global Finance team. This role will be responsible for assessing, monitoring, and mitigating risks associated with our vendor relationships, while analysing vendor risk profiles through various due diligence activities of new and existing vendors to identify potential risks and vulnerabilities, in order to develop risk profiles and categorise vendors based on risk levels. This role will be located in our Manchester office. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence.

Responsibilities:

• Ensuring vendor performance and compliance with contractual obligations and regulatory requirements and preparing detailed reports and dashboards to communicate risk findings to management.
• Developing and implementing risk mitigation strategies to address identified risks, and collaborating with vendors and internal teams to ensure effective risk management practices are in place.
• Analysing vendor performance metrics and reports to assess service quality, cost-effectiveness, and compliance to provide recommendations for improvement and cost-saving opportunities.
• Coordinating and conducting vendor audits to evaluate compliance with company policies and industry standards; documenting findings and following up on corrective actions.
• Assisting in the development and maintenance of vendor risk management policies and procedures and ensuring alignment with industry best practices and regulatory requirements.

Required profile: We’d love to hear from you if you:

• Demonstrate strong analytical skills with proficiency in data analysis tools and software.
• Exhibit the ability to work in a team environment with a strong customer service focus.
• Possess strong communication skills.
• Have a bachelor’s degree.
• A master’s degree, Professional Certification, or extended education in related field, preferably.
• Experience in vendor risk management, compliance, or a related role.
• Relevant experience at a professional services firm or Fortune 500 company.

What we offer: Successful candidates will not only be provided with an outstanding career opportunity and welcoming environment, but will also be provided with a generous total compensation package with bonuses awarded in recognition of both individual and firm performance. Eligible employees can participate in Lathams comprehensive benefit program which includes:

• Health insurance as well as group income protection and life assurance.
• A pension plan.
• Wellness programs.
• Employee discounts.
• And more!

Additionally, we have a range of programming including Global Affinity Groups, which are open to all. These groups provide a firmwide platform to share experiences and advice as well as an opportunity to participate in a supportive network with common interests to help make life at the firm even better.

Latham & Watkins is an equal opportunity employer. The Firm prohibits discrimination against any employee or applicant for employment on the basis of race, colour, religion, sex, age, national origin, sexual orientation, gender identity, gender expression, marital status, or any other characteristic or condition protected by applicable statute.