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- Tasks: Lead vendor risk assessments and develop strategies to mitigate risks.
- Company: Join Latham & Watkins, a top-tier global law firm in Manchester.
- Benefits: Enjoy health insurance, wellness programs, and employee discounts.
- Why this job: Make a real impact by ensuring vendor compliance and performance.
- Qualifications: Strong analytical skills and experience in vendor risk management required.
- Other info: Flexible working schedule with opportunities for career growth.
The predicted salary is between 36000 - 60000 £ per year.
Vendor Risk Management Senior Analyst role at Latham & Watkins. Location: Manchester office. This role may be eligible for a flexible working schedule with hybrid and in-office presence.
About the Role
The Vendor Risk Management Senior Analyst is an integral part of Latham’s Global Procurement team. This role leads assessment, monitoring, and mitigation of risks in vendor relationships, and analyzes vendor risk profiles through due diligence of new and existing vendors to identify risks, develop risk profiles, and categorize vendors by risk level.
Responsibilities
- Overseeing vendor performance and compliance with contractual obligations and regulatory requirements, and preparing detailed reports and dashboards to communicate risk findings to senior management.
- Assisting in developing and implementing risk mitigation strategies, collaborating with vendors and internal teams to ensure robust risk management practices.
- Evaluating vendor performance metrics and reports to assess service quality, cost-effectiveness, and compliance, and providing strategic recommendations for improvement and cost-saving opportunities.
- Coordinating and leading vendor audits to evaluate compliance with company policies and industry standards, documenting findings and ensuring follow-up on corrective actions.
- Contributing to the development and maintenance of vendor risk management policies and procedures, ensuring alignment with industry best practices and regulatory requirements.
Qualifications
- Demonstrate advanced analytical skills with proficiency in data analysis tools and software.
- Ability to lead in a team environment with a strong customer service focus.
- Strong written and oral communication skills with the ability to present to senior management.
- Bachelor’s degree.
- 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
- Health insurance, group income protection, and life assurance.
- Pension plan.
- Wellness programs.
- Employee discounts.
- Other benefits as part of the comprehensive package.
Latham & Watkins is an equal opportunity employer. The Firm prohibits discrimination on the basis of race, religion, sex, age, national origin, sexual orientation, gender identity, veteran status, gender expression, marital status, or any other characteristic protected by applicable statute.
Vendor Risk Management Senior Analyst employer: Latham & Watkins
Contact Detail:
Latham & Watkins Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Vendor Risk Management Senior Analyst
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at Latham & Watkins. A friendly chat can open doors and give you insights that might just set you apart from the crowd.
✨Tip Number 2
Prepare for the interview by diving deep into vendor risk management topics. Brush up on your analytical skills and be ready to discuss how you’d tackle real-world scenarios. Show them you’re not just a fit on paper!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After your interview, drop a quick thank-you note. It’s a simple gesture that keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Check out our website for more opportunities! We’ve got loads of roles that might suit your skills. Applying through us gives you a better chance to showcase your talents directly to the hiring team.
We think you need these skills to ace Vendor Risk Management Senior Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Vendor Risk Management Senior Analyst role. Highlight your relevant experience and skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about vendor risk management and how your background makes you a perfect fit for us. Keep it engaging and personal!
Showcase Your Analytical Skills: Since this role requires advanced analytical skills, be sure to include examples of how you've used data analysis tools in your previous roles. We love seeing concrete examples of your problem-solving abilities!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Latham & Watkins
✨Know Your Vendor Risk Management Stuff
Make sure you brush up on your knowledge of vendor risk management principles. Understand the key metrics and compliance requirements that Latham & Watkins focuses on. Being able to discuss specific examples of how you've assessed vendor risks or developed mitigation strategies will show you're ready for the role.
✨Show Off Your Analytical Skills
Since this role requires advanced analytical skills, be prepared to discuss your experience with data analysis tools. Bring examples of reports or dashboards you've created in the past, and explain how they helped in decision-making processes. This will demonstrate your ability to contribute effectively from day one.
✨Communicate Like a Pro
Strong communication skills are crucial, especially when presenting findings to senior management. Practice articulating your thoughts clearly and concisely. You might even want to prepare a mock presentation on a vendor risk scenario to showcase your ability to convey complex information simply.
✨Be Ready for Scenario Questions
Expect questions that put you in hypothetical situations related to vendor audits or compliance issues. Think through how you would handle these scenarios, focusing on collaboration with vendors and internal teams. This will highlight your problem-solving skills and your approach to maintaining strong vendor relationships.
