At a Glance
- Tasks: Lead vendor risk assessments and develop strategies to mitigate potential risks.
- Company: Join Latham & Watkins, a top global law firm with a supportive culture.
- Benefits: Enjoy competitive pay, bonuses, health insurance, and wellness programmes.
- Other info: Flexible working options available in London or Manchester.
- Why this job: Make a real impact in risk management while working with industry leaders.
- Qualifications: Strong analytical skills and experience in vendor risk management required.
The predicted salary is between 60000 - 80000 £ per year.
Latham & Watkins is one of the world’s 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.
The Vendor Risk Management Senior Analyst is an integral part of Latham’s Global Procurement team. This role will be responsible for leading the assessment, monitoring, and mitigation of risks associated with our vendor relationships, while leading the analysis of vendor risk profiles through comprehensive due diligence activities of new and existing vendors to identify potential risks and vulnerabilities, develop risk profiles, and categorise vendors based on risk levels. This role will be located in our London or 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
- Oversee vendor performance and compliance with contractual obligations and regulatory requirements, and prepare detailed reports and dashboards to communicate risk findings to senior management.
- Assist in developing and implementing risk mitigation strategies to address identified risks, while collaborating with vendors and internal teams to ensure robust risk management practices.
- Evaluate vendor performance metrics and reports to assess service quality, cost‑effectiveness, and compliance, and provide strategic recommendations for improvement and cost‑saving opportunities.
- Coordinate and lead vendor audits to evaluate compliance with company policies and industry standards, document findings, and ensure follow‑up on corrective actions.
- Contribute to the development and maintenance of vendor risk management policies and procedures, while ensuring alignment with industry best practices and regulatory requirements.
Qualifications
- Demonstrate advanced analytical skills with proficiency in data analysis tools and software.
- Possess the ability to lead in a team environment with a strong customer service focus.
- Exhibit strong communication skills, both written and oral, with the ability to present to senior management.
- A bachelor’s degree.
- A professional certification or extended education in a related field.
- Experience in vendor risk management, compliance, or a related role.
- Relevant experience at a professional services firm or Fortune 500 company.
Benefits & Additional Information
Successful candidates will be provided with an outstanding career opportunity and welcoming environment, a generous total compensation package with bonuses, and eligibility to participate in Latham’s comprehensive benefit program, including health insurance, 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 and provide a firmwide platform to share experiences and advice and participate in a supportive network with common interests to help make life at the firm even better.
Equal Opportunity Employer Statement
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.
Vendor Risk Management Senior Analyst in London employer: Latham & Watkins
Latham & Watkins is an exceptional employer, offering a dynamic and supportive work culture that prioritises employee growth and innovation. With a generous compensation package and comprehensive benefits, including health insurance and wellness programmes, employees are empowered to thrive in their careers. Located in vibrant London or Manchester, the firm fosters a collaborative environment where professionals can engage in meaningful work while enjoying flexible working arrangements.
StudySmarter Expert Advice🤫
We think this is how you could land Vendor Risk Management Senior Analyst in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Latham & Watkins looking for candidates who are engaged and informed.
We think you need these skills to ace Vendor Risk Management Senior Analyst in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Latham & Watkins. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Latham & Watkins
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Latham & Watkins’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!