Vendor Risk Management Senior Analyst

Company description:Latham & Watkins is a global law firm consistently ranked among the top firms in the world. The success of our firm is largely determined by our commitment to hire and develop the very best and brightest, creating a team that provides our clients with the highest quality of work and service. We are driven by our core values: respect, innovation, and collaboration.Job description:The Vendor Risk Management Senior Analyst is an integral part of Lathams 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 Manchester office. Please note that this role may be eligible for a flexible working schedule that allows for a hybrid and in-office presence. Other key responsibilities include: 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 to address identified risks, while collaborating with vendors and internal teams to ensure robust risk management practices are in place Evaluating vendor performance metrics and reports to assess service quality, cost-effectiveness, and compliance, in order to provide strategic recommendations for improvement and cost-saving opportunities Coordinating and leading vendor audits to evaluate compliance with company policies and industry standards, in addition to documenting findings and ensuring follow-up on corrective actions Contributing to the development and maintenance of vendor risk management policies and procedures, while ensuring alignment with industry best practices and regulatory requirementsRequired profile:Wed love to hear from you if you: 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 And have: A bachelors 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 companyWhat we offer:Successful candidates will not only be provided with an outstanding career opportunity and welcoming environment, but will also be provided with a generous total compensation package with bonuses awarded in recognition of both individual and firm performance. Eligible employees can participate in Lathams comprehensive benefit program which includes: Health insurance as well as 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. These groups provide a firmwide platform to share experiences and advice as well as an opportunity to participate in a supportive network with common interests to help make life at the firm even better. Latham & Watkins is an equal opportunity employer. The Firm prohibits discrimination against any employee or applicant for employment on the basis of race (including, but not limited to, hair texture and protective hairstyles), colour, religion, sex, age, national origin, sexual orientation, gender identity, veteran status (including veterans of the Vietnam era), gender expression, marital status, or any other characteristic or condition protected by applicable statute.TPBN1_UKTJ