Vendor Risk Management Analyst-2

Company Description

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals, and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether youre producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, were looking for unique voices to help lead us forward. If youre ready to challenge your limits and build your future, join us.

Describe The Role

We are seeking an exceptional individual to support ongoing enhancements to the Vendor Risk Management program through data management, documentation, and engagement with the program framework, processes, and platforms. The VRMP Analyst will be responsible for executing goals related to process enhancement and vendor inventory enrichment projects primarily through day-to-day support tasks. These tasks will include managing vendor data and inventory and supporting the annual vendor due diligence questionnaire exercise. This role would include configuring ProcessUnity, sending the questionnaires, and tracking responses. The candidate will also look for opportunities to improve our operational processes.

Describe the applications and business or enterprise functions the role supports:

AB has a long history of adhering to and promoting strong professional ethics and is committed to conducting our business according to the highest standards of honesty and fairness. Assessing and managing Vendor risk is key to delivering on these standards and AB considers topics such as our vendors policies and practices for data privacy, cybersecurity, business continuity, ESG, and financial health. The VRMP team provides support to business units and individual vendor relationship managers so they can complete these assessments and mitigate risks appropriately. We manage our vendor inventory in ProcessUnity, execute configuration in ProcessUnity per the process maturation and conduct vendor risk due diligence primarily through an annual due diligence questionnaire exercise. Planned process enhancements include creating intersystem (contract management, accounts payable, CMDB), cross-functional (Cybersecurity, Modern Slavery, Data Privacy, Business Continuity, Legal & Compliance, and others) linkages to create a comprehensive risk view of all third-party engagements.

The key job responsibilities include, but are not limited to:

• Become system and process Subject Matter Expert (SME) and central support resource for users
• Perform data consolidation and entry tasks
• Create new vendor profiles with key data points and enrich existing profiles
• Support maintenance of data and document repositories according to governance requirements
• Design and configure workflows for various processes such as Inherent Risk Questionnaire, Due Diligence Questionnaire, and overall workflow management in ProcessUnity.

What is the professional development value of this role, i.e. what learning and professional growth does the role offer the candidate

• Opportunity to play a critical role in the evolution of the firms Vendor Risk Management program with exposure to senior business and technology stakeholders
• Work with new technologies and processes to build scalable risk program
• Gain understanding of third-party risk management and governance

Qualifications, Experience, Education:

• Bachelors degree
• Minimum 1 year in-office experience required, with 3 years preferred.

• Organized and detail-oriented
• Effective influencing and communication skills
• Aptitude to develop analytical, problem solving and data mining skills
• Ability to prioritize, work to deadlines, work under pressure
• Results-oriented, flexible, adaptable
• Self-starter and a good team player
• Intermediate to advance skill set in Excel
• Strong verbal and written English skills
• Knowledge of Low Code SaaS tool and familiarity in making configuration

• Prior data management, risk management or audit experience in the Banking/Finance industry or other similar function, related to technology, information security or operational risk, helpful but not mandatory
• Prior workflow and platform development, API integration, enterprise application integration (e.g., ServiceNow, Workday), Vendor Risk Management (VRM) and GRC platforms, dashboard and reporting development, data migration and transformation, and application of SDLC, testing, and change management best practices.

Pune, India