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Vendor Risk Manager - Data Supplier SME - Chief Risk Office

New York, NY

Posted Jun 24, 2024 - Requisition No. 126140

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.

What's the role?

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.

We are looking for a Vendor Risk Manager with a background in Financial Services, Data Management, Risk Management, Audit, and/or Compliance to join a fast growing and highly collaborative team.

You will drive risk identification, assessment, remediation, and continuous monitoring activities across our Data Supplier population while contributing to strategic initiatives to enhance the overall Vendor Risk Program in line with our transformation agenda.

Your work will add value to business units that rely on third party data suppliers to achieve their goals, by helping them understand the risks inherent in third party engagements and minimize risk exposure throughout the engagement lifecycle.

We'll trust you to:

• Conduct assessments, continuously monitor and report on data quality, resilience, security, and privacy risks across our Data Supplier portfolio

• Coordinate risk mitigation activities with Product and Data teams, consulting with partner control functions such as Legal, Compliance and Risk when required

• Cultivate and leverage relationships with Product and Data teams and control functions including Legal, Compliance, Procurement, Chief Information Security Office (CISO), Enterprise Risk Management (ERM), Enterprise Resilience & Incident Management (ERIM) to accomplish objectives

• Continuously evolve VRM’s Data Supplier Risk Management Framework through lessons learned and changes in the financial data, technology and risk landscape

• Lead key VRM activities and demonstrate understanding of the top and material data risks that affect Bloomberg and our clients

• Monitor and analyzes risk data and metrics to identify trends, patterns, and areas for improvement

• Develop targeted material to deliver actionable risk reporting to Business Units as needed

• Interpret, train and enforce compliance with Bloomberg Vendor Risk Management Standard and Procedures

• Provide and coordinate input to key compliance, legal, and regulatory initiatives

• Participate in select risk committees / working groups

You’ll need to have:

• 10+ years of experience in Risk management

• Bachelor’s and/or Master’s degree in Finance, Economics, Information Systems, or related discipline

• Knowledge of financial markets, instruments, and trading lifecycle

• Familiarity with Data Privacy regulations and industry standards (e.g., GDPR, CCPA, HIPAA)

• Great collaboration skills to guide organizational change and partner with both senior management and staff

• Proven intellectual curiosity through professional training, advanced degree or professional impact

• Understanding of risk management frameworks, such as COSO

• Prior experience in either a 1st or 2nd line of defense capacity

• Self-starter, with the ability to work independently with minimal guidance and a positive work attitude

• Excellent time management skills and ability to deliver work on assigned schedules

• Strong analytical and problem-solving skills to act decisively and independently to resolve sophisticated issues

• Ability to simplify difficult concepts and challenges

• Excellent oral and written communication skills and efficiency of operating across a multitude of levels

• Enthusiastic, self-motivated, and able to thrive in a dynamic, fast paced environment

We’d love to see:

• Experience in the field of Data Management, Risk Assurance, Risk Management, Internal Audit, or other Control functions

• An understanding of data quality management principles and controls

• An understanding of supplier agreements, contractual terms, and service level agreements

• Experience in developing risk metrics

• Familiarity with Data Quality standards (e.g., ISO 8000)

• Familiarity with Risk Frameworks (e.g., NIST, COBIT, COSO)

• Familiarity with Vendor Risk Assessment Frameworks/Tools (e.g., SIG, CAIQ, VSAQ)

• Achievement of industry certifications (e.g., CIA, CTPRP, CISA, CTPRA, CISSP, CIPP, CISM)

• Has an inquisitive mindset with interest in continuous learning and development

Does this sound like you?

Apply if you think we're a good match. We'll get in touch to let you know that the next steps are, but in the meantime feel free to have a look at: https://www.bloomberg.com/company/what-we-do/

Bloomberg is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of age, ancestry, color, gender identity or expression, genetic predisposition or carrier status, marital status, national or ethnic origin, race, religion or belief, sex, sexual orientation, sexual and other reproductive health decisions, parental or caring status, physical or mental disability, pregnancy or maternity/parental leave, protected veteran status, status as a victim of domestic violence, or any other classification protected by applicable law.

Bloomberg provides reasonable adjustment/accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable adjustment/accommodation to apply for a job or to perform your job. Examples of reasonable adjustment/accommodation include but are not limited to making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you would prefer to discuss this confidentially, please email AMERrecruit@bloomberg.net (Americas), EMEArecruit@bloomberg.net (Europe, the Middle East and Africa), or APAC_recruit@bloomberg.net (Asia-Pacific), based on the region you are submitting an application for.

Salary Range: 190,000 - 240,000 USD Annually + Benefits + Bonus

The referenced salary range is based on the Company's good faith belief at the time of posting. Actual compensation may vary based on factors such as geographic location, work experience, market conditions, education/training and skill level.

We offer one of the most comprehensive and generous benefits plans available and offer a range of total rewards that may include merit increases, incentive compensation [Exempt roles only], paid holidays, paid time off, medical, dental, vision, short and long term disability benefits, 401(k) +match, life insurance, and various wellness programs, among others. The Company does not provide benefits directly to contingent workers/contractors and interns.