Director, Vendor Risk Management (Hybrid)
Primary Duties & Responsibilities
At Globe Life, we are committed to empowering our employees with the support and opportunities they need to succeed at every stage of their career. Our thriving and dynamic community offers ample room for professional development, increased earning potential, and a secure work environment.
We take pride in fostering a caring and innovative culture that enables us to collectively grow and overcome challenges in a connected, collaborative, and mutually respectful environment that calls us to help Make Tomorrow Better.
Role Overview:
Could you be our next Director of Vendor Risk Management? Globe Life is looking for a Director of Vendor Risk Management to join the team!
In this role, you will be responsible for leading a team of risk managers in assessing the potential impacts of our vendor's business processes to the Company's regulatory compliance, privacy, security, and operational resiliency through the consistent application of industry recognized risk management frameworks. This role requires a strong understanding of risk frameworks, program management, and communicating key risk indicators to business leaders. This position collaborates with other risk and compliance functions including Enterprise Risk Management, Regulatory Compliance, Information Security, Privacy, and Information Technology.
This is a hybrid position located in McKinney, TX (WFH Monday & Friday, In Office Tuesday-Thursday).
What You Will Do:
- Develop and maintain strong relationships with business owners, operational leaders, IT leaders and second line leaders in departments like Enterprise Risk Management, Information Security, and Regulatory Compliance.
- Keep up to date of industry best practices and emerging trends in third-party management, risk resiliency, governance processes, regulatory requirements, and responsible sourcing.
- Participate in the vendor renewal process.
- Responsible for designing and leading the vendor partner tier analysis, establishing vendor partner metrics, balancing vendor risk, and determining vendor value to the organization.
- Responsible for designing and developing the RFI/RFP process requirements to be led by Procurement.
- Provide leadership and oversee the third-party risk management team, while fostering a culture of innovation, collaboration, and continuous learning.
- Maintain a current knowledge of the latest developments related to the vendor risk management industry, including GRC enterprise monitoring software.
- Maintain an understanding of applicable Federal and State guidelines and regulations related to managing Third-Party risk.
- Provide summary risk ratings and periodic reporting to business owners regarding vendor risks in their portfolio of relationships.
- Ensure business's adherence to the Vendor Risk Management Policy and procedures.
- Implement continuous improvement of the Vendor Risk Management process.
- Ensure stakeholders receive proper training regarding vendor risk management processes, procedures and requirements.
- Support ongoing development, updating and refinement of the Vendor Risk Management policy, procedures and related processes.
What You Can Bring:
- BA/BS required in business, accounting, finance or related field.
- 7+ years relevant experience in the financial services industry or related field.
- Related work experience could include Risk Management, Vendor Management and Compliance.
- Understanding of federal and state insurance cybersecurity regulations a plus (i.e., specifically New York Department of Financial Services).
- 5-7 years of TPRM experience - methods and techniques for the assessment and management of risk.
- Ability to operate as a self-motivated, pro-active, and result-driven problem solver with excellent analytical and communication skills.
- Ability to understand IT business processes, management objectives, risk appetite and tolerances and impact of changes to risk profiles.
- Strong analytical and critical thinking skills, with a focus on data-driven decision making and continuous improvement.
- Strong program management skills and the ability to hold others accountable for deliverables to ensure program plan timelines are met.
- Experience in IT governance and controls, including governance framework.
- Self-starter with ability to manage rapidly changing priorities and opportunities in a fast-paced environment.
- Detail-oriented with strong analytical/problem solving skills.
- Customer oriented mindset with a drive to deliver high quality results.
- Solid technical skills in the use of Microsoft desktop tools (e.g. Excel, PowerPoint, Word, Visio).
Applicable To All Employees of Globe Life Family of Companies:
- Reliable and predictable attendance of your assigned shift.
- Ability to work full time and/or part time based on the position specifications.
How Globe Life Will Support You:
Looking to continue your career in an environment that values your contribution and invests in your growth? We've curated a benefits package that helps to ensure that you don't just work, but thrive at Globe Life:
- Competitive compensation designed to reflect your expertise and contribution.
- Comprehensive health, dental, and vision insurance plans because we believe that taking care of your well-being is fundamental to your performance.
- Robust life insurance benefits and retirement plans, including company-matched 401k and pension plan.
- Wellness club reimbursements and gym discounts to help you stay on top of your health.
- Paid holidays and time off to support a healthy work-life balance.
- Development training programs to enhance your skills and career progression and unlock your full potential.
Opportunity awaits! Invest in your professional legacy, realize your path, and see the direct impact you can make in a workplace that celebrates and harnesses your unique talents and perspectives to their fullest potential. At Globe Life, your voice matters.